86015, Bellemont, AZ

Bellemont is located in the 86015 zip code in Maricopa County, Arizona. According to the 2010 census, the population of Bellemont was 1,814. The median household income was $92,000 and the median family income was $107,000. Home prices in Bellemont averaged $191,500 during the fourth quarter of 2017.

The average home value in Bellemont increased by 6% from 2016 to 2017. This is much higher than the national average increase of 2%. The main drivers of this increase were an increase in sales prices and an increase in home values due to an influx of new buyers. There has been a recent trend towards buying homes rather than renting them which could be contributing to this uptick in home values.

Home equity is a key factor when considering purchasing a home. In Bellemont, homeowners have an average equity of $154,000 which is significantly higher than the national average equity of $103,000. This indicates that homeowners are able to borrow more money against their homes than most other Americans and are therefore more likely to be able to purchase a home outright or finance it through a mortgage.

There are several factors that can affect home prices including interest rates, supply and demand, local economic conditions and government regulations such as zoning laws and building codes. While there are many factors that can influence home prices within any given community or region there is no doubt that housing affordability remains one of the biggest challenges facing Americans today