42718, Campbellsville, KY

Campbellsville, Kentucky is located in the eastern part of the state and has a population of just over 20,000 people. The 42718 zip code covers a small area of Campbellsville and includes mostly residential properties. Home prices in this zip code have been relatively stable over the past few years, with an average sale price of $128,000 in 2016. However, home equity values have increased significantly since 2012, when the average home equity value was just $41,000. In 2016 alone, home equity values increased by almost 50%, reaching an average value of $65,000.

There are several factors that may be contributing to this increase in home equity values in the 42718 zip code. First and foremost is the strong economy – Campbellsville has seen steady job growth over the past few years and there is now more demand for housing than there is available supply. Additionally, many homeowners in this area have taken advantage of low interest rates to refinance their mortgages and increase their home equity values significantly. Finally, many homeowners in this zip code are still relatively young – meaning that they haven’t had to experience significant inflation or wage growth yet (which would reduce their home equity value).

Overall, while there may be some volatility associated with home prices due to market fluctuations or individual circumstances within a given community, overall trends suggest that Campbellsville homeowners are doing well financially – thanks largely to increasing home equity values!