86338, Skull Valley, AZ

There are a number of factors that affect the home equity and home prices in any given zip code. Some of the most important factors include:

-The median household income in the zip code

-The percentage of households that own their homes outright vs. are mortgage holders

-The percentage of homes that are single family homes vs. multi-family homes

-The availability of jobs and housing within commuting distance

The 86338 zip code has a median household income of $48,000 which is lower than the national median household income of $53,046. This means that there is a higher percentage of households that are mortgage holders in the 86338 zip code than in other parts of the country. Approximately 60% of households in the 86338 zip code own their homes outright, which is lower than the national homeownership rate of 68%. Additionally, there is a higher percentage of multi-family homes in the 86338 zip code than single family homes. This may be due to the fact that Skull Valley is located within close proximity to Phoenix Sky Harbor International Airport which has led to an influx in workers and families over recent years. There are currently over 1,000 jobs available within commuting distance from Skull Valley, which may be contributing to its high rate of homeownership.