85543, Pima, AZ

The 85543 zip code of Pima, AZ has a median home value of $151,000 and a median home equity value of $101,000. This is higher than the national median home value of $177,500 and the Arizona median home equity value of $98,500. The 85543 zip code also has a lower than average homeownership rate at just 54%. This is likely due to the high cost of living in this area as well as the low percentage of residents who own their homes.

Despite these high values, there are still many homeowners in the 85543 zip code who are struggling to maintain their homes. The average homeowner in this area spends over 10% of their income on mortgage payments and property taxes. Additionally, over half (54%) of homeowners in this zip code have taken out a loan or mortgage extension in order to keep up with their monthly payments.

Overall, it is clear that homeownership rates and home values are high in the 85543 zip code despite the fact that many residents are struggling to make ends meet. This may be due to the high cost of living or low percentage of residents who own their homes outright.