86029, Sun Valley, AZ

Home Equity and Home Prices in the 86029 Zip Code of Sun Valley, AZ

The home equity and home prices in the 86029 zip code of Sun Valley, AZ are very high. The median home value in this zip code is $1,853,000. This is a far cry from the median home value of $135,000 that was reported for the entire state of Arizona back in 2016. In fact, the median home value in the 86029 zip code is more than double the statewide median home value!

There are a few reasons why this might be the case. First and foremost, Sun Valley is a very affluent area. According to Forbes magazine, it has one of the highest concentrations of millionaires per capita in America. Additionally, there are a lot of luxury homes available here which can drive up prices.

Another reason why prices may be high in this zip code is that there are limited options for buyers who don’t have a lot of money to spend. There aren’t many low-cost homes available here which means that people who want to buy a house have to pay top dollar if they want to do so.

Overall though, it seems clear that homes in this zip code are worth a lot more than average – especially when compared to other areas of Arizona!