85251, Scottsdale, AZ

Scottsdale, Arizona is a popular tourist destination for people in the Phoenix metropolitan area. The city has a population of about 212,000 and is located in Maricopa County. Scottsdale was founded in 1894 and became a city in 1951. The 85251 zip code includes much of the city's downtown area as well as some residential neighborhoods.

The Scottsdale market has seen strong growth over the past several years, with home prices increasing by an average of 10% annually. This has led to a high level of home equity among residents in the 85251 zip code. As of September 2016, the median home value was $269,200 and the median household income was $101,868.

One factor contributing to this high level of home equity is that Scottsdale is an affluent community. As of 2016, the median household income was above the national average and there are relatively few low-income households within the zip code boundaries. In addition, many homes in Scottsdale are owned by individuals rather than being rented or leased to tenants. This means that homeowners have more control over their property values and can benefit from increased appreciation rates over time if they choose to stay invested in their homes.