41254, River, KY

The 41254 zip code of River, KY has a population of approximately 5,000 people. The median household income in this zip code is $48,000 and the median home value is $130,000. Over the past five years, the home equity and home prices in this zip code have increased by an average of 10%.

One reason for the increase in home values is that there are a limited number of homes available for sale in this zip code. Additionally, many homeowners in this area have been able to refinance their homes at low interest rates over the past few years. As a result, their home equity has increased significantly.

Another factor contributing to the increase in home values is that wages have not kept pace with inflation over the past few years. As a result, many families are finding it difficult to save enough money to buy a house outright. Instead, they are turning to mortgages to finance their purchase. This means that there is an increasing demand for homes in this area and consequently, prices have risen accordingly.