68779, Stanton, NE

The 68779 zip code of Stanton, NE, is located in the northwestern part of the state and includes a population of approximately 2,000. The median household income in this zip code is $51,500 and the median home value is $128,900. Home equity in this zip code has increased by an average of 9.5% over the past year and has increased by an average of 18% over the past five years.

One reason for this increase in home equity may be that there are relatively few homes for sale in this zip code. In fact, only 5 out of 100 homes are currently for sale and only 1 out of 10 homes have been on the market for more than a year. This may be contributing to the high rate of home equity growth in this area.

Another factor that may be contributing to the increase in home equity is low interest rates. The interest rate on a 30-year fixed-rate mortgage was 3.94% as of February 2016, which is lower than both the national average (4%) and Nebraska's average (3%). This low interest rate may be helping to drive up home values because it makes it more affordable to borrow money to purchase a home and also allows homeowners to pay off their mortgages faster than if they were paying higher interest rates on their loans.