69101, North Platte, NE

Home Equity and Home Prices in the 69101 Zip Code of North Platte, NE

The home equity and home prices in the 69101 zip code of North Platte, NE are very high. The median home value in this zip code is $269,000, which is more than triple the national median home value of $123,500. Additionally, the percentage of homes that are owned outright by their occupants is very high at 94%. This indicates that most residents in this zip code are able to borrow against their homes to purchase other items or pay off debts. This high level of homeownership may be a result of the low unemployment rate and strong economy in North Platte.

Despite these positive factors, there are some risks associated with owning a home in this zip code. The percentage of homes that are vacant is high at 17%, which could indicate that there is not enough demand for housing units in this area. Additionally, the average commute time to work is about 30 minutes, which is above average for Nebraska but below average for the United States as a whole. These factors could make it difficult for residents to afford monthly payments on their mortgages or rent if they lost their jobs or had to move because of a change in economic conditions.