Housing in 85087 New River, AZ is significantly more expensive than the US median housing value of $338,100. The median value of a house in this area is $554,000 which is an increase from last year’s median value of $500,650. This indicates that the area has seen a 10.65% appreciation in its housing market over the last year compared to the US average of 8.27%. With such high values and increasing appreciation rates, it is clear that this area continues to be a desirable place for home buyers and investors alike.
The median home cost in New River (zip 85087) is $554,000. Home appreciation the last 10 years has been 221.0%. Home Appreciation in New River (zip 85087) is up 21.8%.
Average Age of Homes
- The median age of New River (zip 85087) real estate is 16 years old
The Rental Market in New River (zip 85087)
- Renters make up 15.0% of the New River (zip 85087) population
- 1.0% of houses and apartments in New River (zip 85087), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.