85534, Duncan, AZ

The Duncan 85534 zip code is located in the southeastern corner of the state of Arizona. The zip code has a population of approximately 9,000 people and an area of approximately 10 square miles. The median home value in the zip code is $183,500, which is significantly lower than the statewide median home value of $269,900. In addition, the percentage of homes in the zip code that are owner-occupied is significantly lower than the statewide percentage of owner-occupied homes at 69%.

One potential explanation for this discrepancy could be that Duncan is a relatively new community and therefore there are not as many homes available for purchase or rent as there are in more established communities. Additionally, Duncan may have a higher concentration of rental properties than homeownership properties. Another possible explanation could be that Duncan residents may be less likely to invest in their home equity because they believe that prices will continue to decline.

Despite these limitations, it is still interesting to look at how home values have changed over time in different parts of Arizona. It can provide insights into how economic conditions and market trends might affect different areas of the state. For example, it would be interesting to see if there was a correlation between changes in home values and changes in unemployment rates or inflation rates over time.