68842, Greeley, NE

The Greeley, NE 68842 zip code has a median home value of $137,000 and a median home equity of $102,000. The 68842 zip code ranks #1 in the state of Nebraska for both home values and home equity. This is likely due to the high quality of life in Greeley and the low cost of living.

Home prices in Greeley have increased significantly over the past few years. In January 2017, the median home value was $135,000 and by January 2018 it had increased to $137,000. This increase is likely due to several factors including population growth ( Greeley has seen an increase of about 10% since 2010), strong economic conditions ( Greeley has had consistently positive job growth over the past few years), and low interest rates.

Home equity is also very high in the 68842 zip code. The median home equity is $102,000 which is more than double the state average ($37,500). This high level of equity may be due to several factors including low interest rates (5% or less), good credit history (less than 5% debt-to-income ratio), and ample available housing stock (there are not many homes for sale in Greeley).

Overall, it appears that people are investing heavily in homes in Greeley which is driving up prices and increasing homeownership rates. While there are some risks associated with this trend (a possible housing market crash could lead to a decrease in prices and/orhome equity), at present it looks like Greeley residents are doing well economically thanks to strong job growth and rising home values