85706, Tucson, AZ

Home equity is the difference between the market value of a home and what a homeowner owes on their mortgage. Home prices are the price at which homes are sold in a given area. Both home equity and home prices can vary greatly from one area to another, depending on the level of interest rates, supply and demand, and other factors.

According to Zillow, as of February 2019, the median home value in 85706 was $269,900. This means that half of all homes in this zip code were worth more than $269,900, while the other half were worth less. Over the past year or so, however, there has been a noticeable increase in home values in this area. In January 2019 alone, median home values increased by 7% compared to January 2018.

While there is no guarantee that prices will continue to rise in 85706 over the long term (or anywhere else for that matter), it is definitely worth considering whether or not buying a home here would be a good decision for you. If you're interested in learning more about this topic or finding out how much your current home might be worth, please don't hesitate to reach out to us!