86403, Lake Havasu City, AZ

Lake Havasu City, Arizona is located in the Mohave Valley and has a population of around 36,000 people. The median household income is $50,000 and the median home value is $225,000. Home equity in Lake Havasu City has been on the rise for the past few years as prices have increased by over 20%.

There are a number of factors that have contributed to this increase in home values. One reason is that there are a lot of new homes being built in Lake Havasu City which increases demand for housing. Additionally, many people are buying homes here because they believe that prices will continue to increase and they can make a lot of money by selling later on.

Another factor that has contributed to the increase in home values is the low interest rates currently available. This makes it more affordable for people to borrow money to buy a home and also allows homeowners who want to sell their homes to do so at a higher price than if interest rates were higher.