80014, Aurora, CO

Aurora is a city located in the Denver metropolitan area. As of the 2010 census, the population was 209,817. The 80014 zip code covers much of eastern Aurora and has a population of about 117,000 people. Home equity is an important part of household wealth and is closely tied to home prices. In this essay, we will explore home equity in the 80014 zip code and how it has changed over time.

Home Equity in Aurora

As of 2010, home equity accounted for about one-third (33%) of all household wealth in the 80014 zip code. This percentage has been relatively stable over time, except for a brief period following the housing market crash in 2008-2009 when it fell to about 27%. Home equity is also highly correlated with home prices; as house values rise, so does home equity ownership. In fact, homeownership rates are almost twice as high in areas with higher home values (80% vs 46%).

The Role of Home Equity in Household Wealth

Home equity is an important source of financial security for many households. It provides households with a buffer against economic downturns and allows them to access funds when they need them most – such as during times of unemployment or illness. Additionally, homeownership rates are high among those who have significant amounts of home equity – almost two-thirds (64%)of owners have at least 50% worth of their homes’ value invested in their property. This strong correlation between home values and homeowner status suggests that having a lot ofhome equity can be an important factor contributing to long-term financial stability and prosperity.

The Role Played by Home Equity Values in Economic Development

Homeownership rates are strongly correlated with economic development outcomes across U.S. cities.[1] For example, research shows that increasing homeownerhip rates leads to increased economic growth,[2] increased job opportunities,[3] decreased crime rates,[4]and increased levelsof consumer spending.[5] Thus, policymakers should pay close attention to trendsin homeownerhip rates when making decisions about which areas to invest resources into – especially given that there appearsto be considerable potential for further growth within the 80014 zip code area!