Phoenix Real Estate 85054 vs. 85048 – Which Place is Better?
Looking for a new home and confused on which place is better for you? I know a lot of you can relate to this dilemma and believe me when I say that finding a new home is no easy task. While it is easier for some, others are having a hard time deciding which zip code or place is better for them. Geographical location, availability of school and other conveniences are the examples of the things that needs to be considered when looking for a new home.
Interested in relocating to Phoenix Arizona ? Find out which is best for you, Phoenix real estate 85054 vs. 85054 – Which place is better?
Phoenix Real Estate 85054
85054 is a sparsely populated, affluent (median household income: $87,106) upscale suburban zip code in Phoenix, Arizona. The population is primarily white,and almost entirely married couples. At $272,200 the average home value here is a bit higher than average for the Phoenix-Mesa-Scottsdale metro area, so this probably isn’t the place to look for housing bargains.
The median age here is 36.8. There are 1,006 men and 1,026 women. The median age for men is 37.2 while for women the median age is 36.5.
Phoenix Real Estate 85048
85048 is an affluent (median household income: $82,865) urban zip code in Phoenix, Arizona. The population is primarily white, and mostly married couples. At $199,900 the average home value here is a bit higher than average for the Phoenix-Mesa-Scottsdale metro area, so this probably isn’t the place to look for housing bargains.
The median age here is 33.6. There are 16,743 men and 16,688 women. The median age for men is 33.7 while for women the median age is 33.6.
Phoenix Real Estate 85054 vs. 85048 Community Characteristics
Phoenix Real Estate 85054 vs. 85048 School Summary
Price Trends – Sold vs. Listed
Understand the difference between “listing prices” (what sellers are asking for) and “sold prices” (what buyers are willing to pay).
By comparing these price trends, you’ll have a good idea of where the market is heading. The median listing and sold property prices are calculated based on the market activity each month.
Some sales are not immediately available from public records. As they become available, the data are updated.
Phoenix Real Estate 85054 vs. 85048 Market Inventory Trends
Review the inventory and health of the market by looking at the number of sold and listed properties.
To understand if the market inventory is growing or shrinking, compare the number of sold properties to new listings. If inventory is growing, the market could be trending toward a buyer’s market. If inventory is shrinking, then it could be a seller’s market.
Gauge the health of the market by comparing the number of standard to distressed listings. If the number of distressed listings is greater, the market could be unhealthy and more likely a buyer’s market.
- Sold: Properties sold that month
- New: Listings that are new on the market
- Distressed: Listings that are short sales, bank owned, or up for auction.
- Standard: Non-distressed listings
Phoenix Real Estate 85054 vs. 85048 Crime Risk
The Crime Risk Index compares the likelihood of different crimes happening within this community to the national average.
The national average for each type of crime equals a score of 100.
A score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk.
Phoenix Real Estate 85054 vs. 85048 Education: Highest Level Attained
Find out the highest level of education achieved by the people within this local market.
These levels can help you determine if you want to live in a certain area.
Looking for a real estate property anywhere in the Phoenix Arizona area, click here to view current available listings.
If you need additional information about the two locations, feel free to contact us either by mail or by phone. Email or call us at 480-595-6412 and we will be happy to assist you in your decision-making process.
Article: Phoenix Real Estate 85054 vs. 85048 is brought to you by the Luxury Valley Homes team.