86004, Flagstaff, AZ

The Flagstaff, AZ 86004 zip code has a population of about 73,000 people and is located in the northern part of the state. The median home value in this zip code is $227,500 which is about average for the state of Arizona. The percentage of homes that are owner-occupied is about 68% which is lower than the statewide average of 71%. About 28% of homes in this zip code are rented and 4% are vacant.

There has been a recent increase in home prices in this zip code which may be due to several factors including an increase in demand from buyers and sellers, low interest rates, and limited inventory. Over the past year or so, home prices have increased by an average of 6%. However, there has been some variation between neighborhoods within this zip code with prices increasing by as much as 16% in some areas and decreasing by 3% in others.

Despite the recent increase in home prices, it's important to keep in mind that they can still decline over time if there are any unforeseen circumstances such as a recession or a housing market crash. In addition to price fluctuations, another important factor to consider when buying or selling a home is your monthly mortgage payments. If you're thinking about buying or selling a home within this zip code, it would be helpful to speak with an experienced real estate agent who can help you understand all of your options and make sure you're getting the best possible deal.