85713, Tucson, AZ

The 85713 zip code of Tucson, AZ has a median home value of $151,000 and a median home equity value of $111,000. These values are significantly higher than the national median home value of $123,500 and the national median home equity value of $106,200. The reasons for these high values in the 85713 zip code are likely due to its high population density and access to major metropolitan areas.

The average household income in the 85713 zip code is $60,000, which is lower than the national average household income of $67,500. This lower income may be due to the high cost of living in Tucson or a lack of jobs in this area. Additionally, many households in the 85713 zip code are made up of individuals who are retired or have full-time jobs that do not require a college degree. This indicates that there is a large pool of potential buyers who are not able to purchase homes at typical prices due to their low incomes.

Despite these lower incomes, there is still demand for homes in the 85713 zip code because it has such high home values. Many buyers who cannot afford typical prices are able to purchase homes through mortgages or other forms of financing because they can borrow against their home equity values. This indicates that despite low incomes and limited job opportunities in this area, there is still demand for housing here.