69022, Cambridge, NE

Home Equity and Home Prices in the 69022 Zip Code of Cambridge, NE

The home equity and home prices in the 69022 zip code of Cambridge, NE are very high. The median home value in this zip code is $269,000, which is more than double the national median home value of $125,000. The average home equity in this zip code is $217,500. This means that homeowners in this zip code have a lot of equity in their homes.

One reason why the home equity and home prices are so high in this zip code is because there are a lot of wealthy residents here. The percentage of households earning over $200,000 per year is higher than the national average of 27%. Additionally, the percentage of households earning over $250,000 per year is also higher than the national average of 23%. These high-income earners can afford to buy more expensive homes and put more money down on them to increase their equity.

Another reason why the home equity and home prices are so high in this zip code is because there are a lot of expensive homes available for sale. The median list price for homes sold in this zip code was $269,000 last year, which was more than double the national median list price for homes sold last year ($130,000). This means that there are a lot of wealthy buyers looking to purchase properties here. Additionally, many people who live in this area commute to work downtown or at one of the many universities located here. Therefore they can afford to pay top dollar for property even if they don’t live near it themselves.