85934, Pinedale, AZ

Home Equity and Home Prices in the 85934 Zip Code of Pinedale, AZ

The home equity and home prices in the 85934 zip code of Pinedale, AZ are very high. The median home value in this zip code is $309,000, which is more than triple the national median home value of $100,000. Additionally, the percentage of homes in this zip code that are owned outright is much higher than the national average. In fact, almost half (47%) of homes in this zip code are owned outright, which is significantly higher than the national average of just over 30%. This indicates that there are a lot of people who have a lot of equity in their homes and can afford to sell them if they want to.

One reason why home values in this zip code are so high is because there is a lot of demand for housing here. The population density in this area is low compared to other areas of the country, so there isn't as much competition for housing. Additionally, Pinedale has been designated as a " medically underserved area" by the US Department Of Health And Human Services, which means that it has a high population density and low income levels. This makes it an attractive place to live for people who want to buy or rent property.

Despite these high home values and demand for housing, there have been some issues with foreclosure rates in this area recently. In fact, foreclosure rates have decreased since 2007 but they remain relatively high at 2%. This indicates that although many people here own their homes outright or have significant equity in them, there are still some homeowners who may need help getting through a difficult situation with their mortgage lender.