86003, Flagstaff, AZ

The Flagstaff home equity market is strong and stable. The median home value in the 86003 zip code is $236,000, which is above the national median of $217,500. The average home value in this zip code has increased by 5.5% over the past year. There are a number of factors that contribute to this stability and strength of the Flagstaff home equity market.

One reason for the stability of the Flagstaff home equity market is that there are a limited number of homes available for sale in this area. This limits competition and therefore drives up prices. Additionally, there is a low rate of foreclosure activity in this area, which keeps prices high and ensures that buyers have plenty of choice when it comes to purchasing a home.

Another factor contributing to the stability and strength of the Flagstaff home equity market is that wages are relatively stable here compared to other areas across the country. This means that people can afford to buy homes even if their income decreases over time. Furthermore, many people who live in this area have access to good credit scores, which helps them get approved for mortgages even if they do not have excellent incomes.

Overall, it appears that there are several factors contributing to the stability and strength of the Flagstaff home equity market – including limited availability of homes for sale, stable wages, and good credit scores – which makes it an attractive option for buyers looking for a place to invest their money