85042, Phoenix, AZ

The 85042 zip code of Phoenix, AZ has a median home value of $217,500 and a median home equity value of $140,000. These values are above the national median home value of $177,200 and the national median home equity value of $130,000. The 85042 zip code is also above the Arizona median home value of $157,100 and the Arizona median home equity value of $118,000.

There are a number of factors that may contribute to these high values in the 85042 zip code. First and foremost is the fact that Phoenix is one of the most desirable cities in America to live in. It has a strong economy with plenty of job opportunities as well as an excellent public school system. Additionally, there is a high demand for housing due to all the people who want to live here. Finally, there is very little inventory available for sale which drives up prices even more.

Despite these high values, it's important to remember that not everyone can afford to buy or build a house in this area. There are many people who are struggling financially and may not be able to afford these prices even if they wanted to. Additionally, there is always potential for price appreciation over time so it's important not to put all your eggs in one basket when it comes to investments like homes or stocks.