86401, Kingman, AZ

The 86401 zip code of Kingman, AZ has a median home value of $122,500. This is lower than the national median home value of $177,500. The Kingman area has seen a decrease in home values over the past few years. In 2014, the median home value was $135,000 and in 2015 it decreased to $122,500.

There are several factors that could be contributing to this decrease in home values. One reason could be that there are fewer homes available for sale in the Kingman area due to low population growth rates and high levels of unemployment. Additionally, many homeowners may have taken out mortgages that are now more difficult to qualify for due to tighter lending standards set by banks since the housing market crash in 2008.

Despite these challenges, there are still some homeowners who are able to sell their homes for above their original purchase price. In fact, one homeowner sold their home for over $150K after it had been listed for just under $120K! This indicates that there is still strong demand for properties in the Kingman area despite current market conditions.