86404, 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 $60,000 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%. This increase can be attributed to a number of factors including low interest rates and an influx of new residents who are looking for affordable housing.

The 86404 zip code has seen a significant increase in home equity since 2013. In that year, home equity was valued at $156,000. By 2016, this figure had increased to $236,000 and it continued to grow each year thereafter. In 2017 alone, home equity in the 86404 zip code grew by another 10% to reach $248,000. This trend is likely to continue as more people move into Lake Havasu City and invest their money into homes here.

One reason why home values have been increasing so rapidly in Lake Havasu City is because interest rates are very low right now. The Federal Reserve has been keeping interest rates low for quite some time now which has made it easier for people to borrow money and buy homes. Additionally, there has been an influx of new residents who are looking for affordable housing options in Lake Havasu City. These new residents are attracted to the city because of its affordability as well as its beautiful scenery and climate.

Overall, it seems that home equity growth in Lake Havasu City will continue at a rapid pace over the next few years due to low interest rates and an influx of new residents who are interested in buying homes here."