October's First-Time Homebuyer Report for 85205 Zip Code

The 85205 zip code is much younger than the rest of Arizona, with a median age of 47. It's somewhat affluent as well, with a median income of $44,377 per household. Detached homes account for 86% of the area's current housing market. The top schools in the zip code are Kyrene de La Sierra School, Kyrene Altadena Middle School, and Desert Vista High School.

Culture

If you're into the outdoors, great attractions in 85205 include Fitness Works and Fitness Evolution, according to Foursquare. If you like the arts and entertainment, a popular spot is The Palms Theatre. Lastly, Applebee's, IHOP, and The New Iowa Cafe are well-known places to eat.

Price Range

Homes in the 85205 zip code are worth a median of $95,000, similar to other parts of Arizona. Additionally, the list prices of available homes is currently at an average of $240,228. The 85205 zip code market saw sales remain flat this week with 62 homes sold over the last 30 days, while new listings rose to 80.

Make sure you take a look at these eye-catching homes in the 85205 zip code that generated the most views from potential buyers:

$290K   $499K   $4.5M  

Typical Dwelling

The typical dwelling in the 85205 zip code is a three-bedroom detached home worth about $217,540. To purchase a similar home, a buyer with good credit and a $43,508 cash down payment could obtain a mortgage with a 3.95% interest rate and a $828 monthly payment. The property tax rate is $7.57 per $1,000 of taxable assessed value.

Get started right now by checking out 85205 homes for sale or reviewing 85205 real estate trends.


Data reported through 10/13/2016

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