80241, Thornton, CO

Thornton, Colorado is located in the Denver metropolitan area and has a population of about 107,000. The 80241 zip code covers about 2 square miles and has a median home value of $269,000. Home equity in the 80241 zip code has increased by an average of 10% over the past five years.

The primary drivers of home equity growth in the 80241 zip code are strong job growth and low interest rates. Thornton's economy is diversified with both private sector and public sector jobs. Private sector jobs tend to pay more than public sector jobs, which helps to drive up home equity values. Additionally, Thornton's low interest rates have helped to increase home equity values by making it cheaper for homeowners to borrow against their homes.

Despite these positive trends, there are some risks that could affect home equity values in the 80241 zip code. If interest rates rise or the economy weakens, then home equity values could decline. Additionally, if there is a housing market crash in the area, then many homeowners who have taken out mortgages on their homes may not be able to afford them if they lose their jobs or their income decreases significantly.