85646, Tubac, AZ

The 85646 zip code of Tubac, AZ has a population of approximately 2,000 people. The median household income in this zip code is $41,500 and the median home value is $135,000. Home equity in this zip code is high compared to other areas of the country. In fact, the average home equity in this zip code is $144,000. This high level of home equity can be attributed to several factors including low interest rates and strong job growth in the area.

One reason that home equity is so high in the 85646 zip code is because there are relatively few homes for sale in this area. In fact, only 3% of all homes for sale are located in the 85646 zip code. This scarcity of homes for sale has led to a bidding war among buyers and driven up prices significantly. For example, the average price per square foot for homes sold in Tubac during 2017 was $191 which was more than double the national average price per square foot ($103).

Despite being located in an expensive area, homeownership rates are still high in the 85646 zip code. Approximately 73% of all households living here own their homes which is above the national homeownership rate of 62%. This strong homeownership rate may be due to several factors including low interest rates and a strong economy here.

Overall, it can be said that home equity is high throughout much of Tubac due to a combination of factors including low interest rates and limited availability of properties for sale. While prices may seem high at first glance, they are actually quite reasonable when compared to other areas of the country