86321, Bagdad, AZ

The Bagdad, AZ 86321 zip code has a population of around 36,000 people and an average home value of $152,000. The median home value in the 86321 zip code is $130,000. Home equity in the 86321 zip code has increased by over 20% since 2007 and is currently at $138,700.

There are a number of factors that have contributed to the increase in home equity in the 86321 zip code. One reason is that the economy has been improving steadily over the past few years and more people are able to purchase homes. Additionally, interest rates have remained low which makes it easier for people to borrow money to buy homes. Finally, there has been an increase in demand for housing due to population growth and an influx of new residents into the area.

Despite these positive trends, there are some risks associated with increasing home equity in the 86321 zip code. One risk is that interest rates could rise which would make it harder for people to repay their loans. Another risk is that a market crash could cause prices to decline which would reduce people's net worth (their total assets - including their homes - minus any debts they may owe). However, overall it appears that home equity in the 86321 zip code is continuing to grow at a healthy pace and should continue doing so for some time yet.