68803, Grand Island, NE

The 68803 zip code of Grand Island, Nebraska is home to a population of just over 10,000 people. The median household income in the zip code is just over $50,000, and the median home value is just over $130,000. In recent years, home equity values in this area have been on the rise. As of September 2017, the average home equity value in this zip code was $157,500. This represents a growth of almost 20% since 2016.

One reason for this increase in home equity values may be due to the low interest rates currently available on loans. According to Zillow®, the average interest rate on a 30-year fixed-rate loan in Grand Island was 3.92% as of September 2017. This compares favorably with rates available elsewhere in Nebraska (4.24%), nationally (4.31%), and across all 50 U.S. states (4%).

Another factor that may be contributing to increased home equity values in Grand Island is the strong economy overall. According to The Conference Board®, Nebraska has had one of the strongest economies in the country since 2014, with both job growth and wage growth outpacing most other states during that time period."

Overall, it seems that there are many reasons why home equity values have been increasing in Grand Island over recent years – both locally and nationwide – making it an attractive place to invest your money if you're looking for long-term stability and security."