42701, Elizabethtown, KY

The 42701 zip code of Elizabethtown, KY is located in the southeastern corner of Kentucky. The zip code has a population of just over 21,000 and an average household size of 2.5 people. The median household income in the zip code is $52,500, which is significantly higher than the national median household income of $53,046. The 42701 zip code also has a lower unemployment rate than the national average unemployment rate of 6.1%.

One important factor that affects home prices and home equity in any given area is the availability of inventory. In the 42701 zip code, there are currently just under 4,000 homes for sale compared to over 11,000 homes available in the nationwide market. This low availability of homes may lead to higher home prices and home equity in this particular area because buyers have more choice when it comes to where they want to live. Additionally, demand for homes in this particular area is likely high due to its close proximity to major cities such as Lexington and Louisville as well as its many amenities such as schools and hospitals.

Overall, it appears that home prices and home equity are doing well in the 42701 zip code of Elizabethtown thanks largely to its low unemployment rate and limited supply of homes for sale. While there may be some competition among buyers for available properties, it seems that overall demand remains high which should lead to continued increases in both values and home equity over time