7/28/2023 0 Comments Phoenix zip code 85043The median price of a home in the Georgia neighborhood is $90,000.Īttom used data on rents, property taxes, home prices, insurance and property management costs for its ranking. The area posted a rental return of almost 18 percent and an investment home vacancy rate of almost 5 percent. The Atlanta suburb of Jonesboro's 30238 ZIP code topped Attom's list for best neighborhoods for buying homes to turn into money-making rentals. Home flips are up 16 percent in the Valley. Homeowners who have equity again are regularly getting calls, letters and knocks at the door from groups that want to buy their homes fast for cash. Investors looking for bargain homes to buy and flip or rent out have gotten more aggressive in metro Phoenix. Four out of the five have median home prices below $200,000. ![]() The Phoenix-area neighborhoods that made the list all have median home prices well below the Valley’s overall median of $245,000. MORE: In Phoenix area, you can become an apartment investor for as little as $1,000 25, with a 10 percent return rate for investors and an investment home vacancy rate below 1 percent. The city of Maricopa's 85319 ZIP code ranked No. 21, with a 10.3 percent return rate and an investment home vacancy rate below 1 percent. The south Phoenix ZIP code 85043 came in at No. 20 on the list is the El Mirage ZIP code 85335, with a 10.4 percent return and an investment home vacancy below 1 percent. 13, with an 11.1 percent average return for rental owners and a vacancy rate for investment properties below 1 percent. Zip Code - 85043 Capitolimpact, Phoenix Maricopa County Weather, National Weather Service / Weather Channel Schools, National Center for Education. The Queen Creek ZIP code 85143 ranked No. ![]() 11 on the Attom Data Solutions list, the highest of any Valley area. According to the national real-estate research firm, the southwest Valley neighborhood has an average rental return of 11.3 percent and a vacancy rate for investment homes below 1 percent. communities for investors to make money buying homes and turning them into rentals.Īll of the Phoenix-area neighborhoods that rank on the list are affordable areas with many newer homes. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.Finding bargain homes in metro Phoenix is a lot tougher now that foreclosures have plummeted and home prices have nearly returned to peak levels.īut five ZIP codes made a new top 25 list for the best U.S. It represents the wealth of the area relative to the national level. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources.The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home.An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. ![]() The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups.Phoenix, Arizona (AZ) Zip Code Map - Locations, Demographics. Includes college residents halls, nursing facilities, military barracks, and correctional facilities. Phoenix, AZ Phoenix, Arizona (AZ) Zip Code Map Jump to a detailed profile or search site with. It also has a slightly higher than average population density. Group Quarters - a place where people live or stay in a group living arrangement. Phoenix, AZ Stats and Demographics for the 85043 ZIP Code ZIP code 85043 is located in central Arizona and covers a slightly less than average land area compared to other ZIP codes in the United States.
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