Affordable, upscale and central Valley neighborhoods made the list of the top 10 ZIP codes for rising prices in 2017, according to The Arizona Republic/azcentral Street Scout Home Values report.
Street Scout is azcentral's neighborhood and housing site, which provides property valuations, home sales data, real-estate news and listings.
HOW DID YOUR ZIP CODE'S MARKET PERFORM IN 2017? Check our database
85009: Coming in first for the biggest price jump and second for the most affordable Valley neighborhood is this west-central Phoenix ZIP. In 2017, the area that spans from Encanto Park across Interstate 17 had a median house price of $124,000, a 29.2 percent jump from the year before. House prices are climbing fast in this neighborhood but still aren't back to 2006's $155,000 median.
85040: Second for the most appreciation and tenth for most affordable is this south Phoenix neighborhood, where the median house price shot up 25 percent to $165,000 in 2017. During the boom in 2006, the area's median reached $197,026.
85004: Downtown Phoenix's historic and new infill houses drew buyers willing to pay higher prices in 2017. The area's median house price climbed more than 20 percent to $336,625, well above the $275,000 it reached during the peak in 2006.
MORE ON STREET SCOUT HOME VALUES:
85253: Paradise Valley, the Valley’s most expensive address, ranked no. 4 for the biggest price increase. The area’s median house price reached $1.4 million in 2017, an almost 17 percent jump from 2016. But house values still haven’t rebounded to 2006’s median of $1.65 million.
85012: Fifth is north-central or Uptown, Phoenix’s priciest neighborhood with a median of $552,500, up 16.3 percent from 2016. House values in the area have rebounded past 2006 levels, when the median was $532,100.
85015: This northwest central Phoenix neighborhood, home to Christown Spectrum mall and a few historic neighborhoods, saw house prices climb 15.7 percent last year. The area's median reached $209,950, down slightly from the peak price of $215,000 in 2006.
85363: House prices in this West Valley area that includes Youngtown climbed 15.4 percent last year. The median house price reached $155.450. The area's prices peaked in 2006 when the median was $173,250.
85043: The median house price in this southwest Phoenix neighborhood climbed 14.8 percent to $186,000 last year. Home values in the area, which is next to Tolleson, have yet to recover from the crash. Its median price hit $234,451 in 2006.
85033: This Phoenix Maryvale neighborhood, which is home to Desert Sky Mall, saw prices climb almost 15 percent in 2017 to $155,000. In 2006, the ZIP's median price was $191,000.
85307: This Glendale neighborhood next to Luke Air Force Base ranks eighth for the biggest house price increase last year. The area's median home price rose 14.3 percent to $200,000. The area's prices peaked in 2006 when the median hit $247,500.
85378: In this Surprise ZIP, the median house price climbed 14.2 percent to $200,000. The area hasn't yet recovered from the crash. Its median was $231,050 in 2006.
85031: The West Phoenix ZIP saw its median climb 13.3 percent last year, making it tenth on the list for biggest price gains. The Maryvale neighborhood had a median of $150,750. During the boom in 2006, its median price was $190,000.
READ MORE:
