85340 Zip Code's October First-Time Homebuyer Report

The 85340 zip code is a zip code in Arizona with a median income of $63,618 per household. Besides being very affluent, its population is older than others with a median age of 34 years. The 85340 zip code market is almost exclusively made up of detached houses, which currently account for 93% of the homes for sale in the area. Topping the list of best schools in the zip code is Cherokee Elementary School.

Culture

If you're looking to explore the best restaurants in 85340, then check out Dillon's KC BBQ and Royal Jasmine Thai Restaurant, Foursquare's most popular places to eat. A good place to get a cup of coffee is Sugar'n Spice. You could also go to the popular Pebble Creek Clubhouse and Falcon Dunes Golf Course for outdoor activities.

Price Range

The 85340 zip code has some of the more expensive homes in the state with a median home value of $152,600 and a current average list price of $379,558. This week saw a record in sales growth for the 85340 zip code market. It resulted in 70 homes selling over 30 days, which is a 6.1% jump from last week's number and also the highest amount since July.

Make sure you take a look at these eye-catching homes in the 85340 zip code that generated the most views from potential buyers:

$565K   $380K   $367K  

Typical Dwelling

The typical dwelling in the 85340 zip code is a four-bedroom detached home worth about $324,978. To purchase a similar home, a buyer with good credit and a $64,996 cash down payment could obtain a mortgage with a 3.95% interest rate and a $1,266 monthly payment. The property tax rate is $7.57 per $1,000 of taxable assessed value.

Get started right now by checking out 85340 homes for sale or reviewing 85340 real estate trends.


Data reported through 10/13/2016

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