68355, Falls City, NE

The 68355 zip code of Falls City, NE is located in the southeastern corner of Nebraska and includes a population of just over 2,000. The median household income in this zip code is just over $40,000, and the median home value is just under $130,000. Home equity in this area has been growing rapidly in recent years, as prices have increased by an average of 8.5% annually since 2013. This growth has been particularly pronounced in the past two years, with prices increasing by an average of 12% during that time period.

There are a number of factors contributing to the rapid growth in home equity values in this area. First and foremost is the strong economy – unemployment rates are low and wages are rising, which means that people are able to afford more expensive homes than they would have otherwise been able to purchase. Additionally, there is a large population of young adults (ages 25-34) who are entering into their own households and seeking to buy their first homes – these homeowners are likely to be more willing and able to invest money into their homes than those who have already owned homes for some time. Finally, Falls City has seen significant development over the past few years – new businesses have opened up all around town, which has led to increased demand for housing stock. All together, these factors have contributed to an increase in home equity values throughout Falls City – whether you’re looking to buy your first home or invest your money into a property that you already own.