86431, Chloride, AZ

The 86431 zip code of Chloride, AZ has a median home value of $130,000. This is lower than the Arizona median home value of $205,000. The Chloride area also has a lower home equity percentage than the state average of 59%.

There are several factors that could contribute to the low home equity in this zip code. One reason may be that there are fewer homes for sale in this area than other areas in Arizona. Additionally, many homeowners in this area may have taken out mortgages that are not as large as they would like or need. Finally, interest rates have been relatively low recently which could make it more difficult for people to pay off their mortgages.

Despite these factors, there is still some potential for homeowners in the 86431 zip code to improve their home equity situation over time. If they can keep their homes free from major damage and manage their mortgage payments effectively, they may be able to increase their home equity percentage over time.