80433, Conifer, CO

The Conifer, CO 80433 zip code has a median home value of $269,000 and a median home equity of $146,000. This is significantly higher than the national median home value of $177,500 and the national median home equity of $142,700. The Conifer, CO 80433 zip code also has a high percentage of homeowners with at least 80% equity in their homes: 78.5%. This is significantly higher than the national homeownership rate of 63.9%.

There are several reasons why the Conifer, CO 80433 zip code has such high home values and home equity. First and foremost, the Conifer area is affluent: it has a high income level and a low unemployment rate. Additionally, there is a large number of luxury homes in this area: according to Zillow’s 2016 National Home Value Survey report, there are more than twice as many luxury homes (defined as those worth over $1 million) in the Conifer area as there are in the nationwide average. These factors combined together result in an extremely high demand for property in this area – which translates into high prices for both homes and home equity.

Another reason why the Conifer area has such high home values and home equity is that there is limited inventory available for purchase: according to Trulia’s 2017 State Of The Market Report report, only 2% of properties for sale in the Conifer area are affordable for people making less than 60% of Area Median Income (AMI). This means that most potential buyers who want to buy a house in this area must have ample financial resources available to them – which again leads to elevated prices for both homes and home equity.

Overall, it appears that strong economic conditions – along with limited availability of property – are responsible for driving up both home values andhome equity rates in the Coniferareaof Colorado80433zipcode. While these rates may not be ideal from a affordability standpoint – particularly given rising housing costs across much of America – they do reflect very strong demand within this particular community market segment