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Sarah Mitchell
Compass Real Estate · ZIP 86351
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86351 ZIP Code Housing Market
$847,450median sale price
What is the 86351 housing market like right now?
The median home sale price in ZIP code 86351 is $847,450, up 2.6% year-over-year. Homes sell in an average of 63 days with 104 active listings. The market is currently a leaning buyer's. (Source: Redfin monthly MLS data, as of March 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is the 86351 ZIP code a buyer's or seller's market?
ZIP code 86351 is currently a leaning buyer's and homes selling in about 63 days. How we determine this →
What are the latest 86351 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $847,450 |
| Median list price | $943,500 |
| Year-over-year price change | +2.6% |
| Average days on market | 63 days |
| Active inventory | 104 listings |
| Sale-to-list price ratio | 97.3% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
The 86351 zip code, located in Village of Oak Creek (Big Park), AZ, is currently classified as a leaning buyer's. The median sale price stands at $847,450, representing a +2.6% change year over year. Homes in this area spend an average of 63 days on the market before going under contract. There are currently 104 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 86351 sits in the Village of Oak Creek (Big Park), AZ area, roughly 1.4 miles from downtown Village of Oak Creek (Big Park). Because home prices are set street by street, this ZIP can move differently from Village of Oak Creek (Big Park)'s citywide averages. The figures below reflect 86351 specifically — drawn from Redfin transactions, U.S. Census data for its 6,721 residents, and Zillow value estimates.
Homes sold
64
Last 12 weeks
Days on market
63
Average pace
Active listings
104
Sale-to-list
97.3%
Below asking
Market trends
What is driving the 86351 housing market?
The 86351 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a leaning buyer's, homes are selling at approximately 97.3% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 86351 have increased +2.6% compared to last year, suggesting continued demand and potential for further appreciation. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
The Zillow Home Value Index (ZHVI) for 86351 stands at $793,966, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $2,867 per month. This gives a price-to-rent ratio of approximately 23.1, which indicates that renting may be more cost-effective than buying in the short term, though long-term appreciation could shift that calculus. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Who lives in 86351?
Population
6,721
Median income
$81,203/yr
Median age
68 years
Owner-occupied
70.2%
College grads
52.7%
What is it like living in 86351?
Zip code 86351 is home to approximately 6,721 residents. The median household income is $81,203 per year, which shapes the types of homes and amenities available in the area. With a median age of 68 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 70.2% of housing units are owner-occupied, indicating a stable, ownership-oriented community where residents have a vested interest in maintaining property values and neighborhood quality.
About 52.7% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 86351.
Frequently asked questions about 86351
What is the median home price in 86351?
The current median sale price in 86351 is $847,450, based on recent Redfin transaction data. Prices have changed +2.6% compared to last year. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 86351 a buyer's or seller's market?
The 86351 zip code is currently classified as a leaning buyer's. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population of zip code 86351?
Zip code 86351 has a population of approximately 6,721 residents. The median household income is $81,203 per year. About 70.2% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 86351?
Properties Incorporated provides comprehensive data for 86351 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 86351 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually.
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