85552, Thatcher, AZ

The 85552 zip code of Thatcher, AZ is located in the northwestern corner of the state. The area is mostly rural with a small portion that is suburban. The median household income in this zip code was $51,875 in 2016, which is lower than the statewide median of $53,046. Home prices in this zip code have been increasing at a faster rate than the statewide average over the past several years. In May 2017, the median home price was $215,000 which was more than double the median home price of $105,000 in May 2013. This rapid increase has led to concerns about affordability and whether or not people can afford to buy homes in this area.

There are several factors that have contributed to the increase in home prices in Thatcher over the past few years. First, there has been an influx of new residents into this area who are willing to pay higher prices for homes due to its proximity to Phoenix and Tucson. Second, there has been an increase in demand for homes due to an improving economy and low interest rates. Third, there has been an increase in inventory levels which has made it harder for buyers to find homes that meet their needs. Fourth, Thatcher is located within a desirable market segment with high incomes and low unemployment rates. Fifth, many homeowners have taken advantage of low interest rates by refinancing their mortgages which has increased their equity levels and allowed them to purchase larger homes at a lower cost than they would have otherwise paid.

While these factors are contributing to increased home prices throughout Thatcher County, some areas have experienced more dramatic increases than others. For example, neighborhoods near I-10 and US 60 have seen particularly high prices due to their proximity to major transportation hubs. Conversely, areas near town centers such as Thatcher and Safford tend to be less expensive because they are closer to grocery stores and other amenities that people may need or want."