85719, Tucson, AZ

The 85719 zip code of Tucson, AZ is home to a population of over 215,000 people. The median household income in this zip code is $60,000 and the median home value is $171,500. Home equity in this zip code has increased significantly over the past several years due to strong economic growth and low interest rates. In fact, as of September 2017, the average home equity in this zip code was $269,500. This high level of equity indicates that many homeowners in this area are able to use their homes as collateral for loans or other financial investments.

One reason for the high level of home equity in this area is the strong economy. Tucson has been one of the fastest-growing cities in America for several years now and businesses are expanding rapidly here. This growth has led to increased demand for housing and consequently, higher home values. Additionally, low interest rates have helped to increase home equity values by making it cheaper for homeowners to borrow money against their homes.

However, there are some risks associated with having high levels of home equity in Tucson. If the economy weakens or interest rates rise suddenly, homeowners could find themselves struggling to pay off their debts or sell their homes at a fair price. Additionally, if there is a major housing market crash within the 85719 zip code (as there was during the Great Recession), many homeowners could lose a significant amount of money on their investments.