The housing in 86016 Gray Mountain, AZ is quite expensive compared to the US House Median Value at $338,100. The median value of housing in this area is $655,900, which is almost double what it is elsewhere. Not only that, but the appreciation of houses in this area has proved to be higher than the national average, with a one-year appreciation rate of 12.15%, compared to 8.27% for the US. This high demand for homes and investment in this area makes it an attractive option for those looking to purchase or invest in real estate.
The median home cost in Gray Mountain (zip 86016) is $655,900. Home appreciation the last 10 years has been 147.5%. Home Appreciation in Gray Mountain (zip 86016) is up 18.4%.
Average Age of Homes
- The median age of Gray Mountain (zip 86016) real estate is 25 years old
The Rental Market in Gray Mountain (zip 86016)
- Renters make up 3.6% of the Gray Mountain (zip 86016) population
- 0.0% of houses and apartments in Gray Mountain (zip 86016), 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.