80483, Yampa, CO

The 80483 zip code of Yampa, Colorado is located in the eastern part of the state and has a population of about 2,000. The median home value in this zip code is $128,000. Home equity in this area has been increasing over the past few years as prices have continued to rise faster than inflation. In fact, according to Zillow, the average home value growth rate for ZIP codes within 25 miles of Yampa was 9.5% from January 2016 to January 2017.

There are several factors that are contributing to the increase in home values in this area. First, there is a high demand for housing due to an influx of new residents and businesses moving into the area. Second, there is a low supply of homes available for purchase which has driven up prices. Finally, homeowners who have been able to keep their homes relatively unchanged over the past few years have seen their values increase significantly more than those who have sold their homes or whose homes have undergone significant renovations.

Despite these positive trends, there are some risks associated with buying or owning a home in Yampa. For example, if interest rates rise significantly from where they are currently at or if another economic recession hits later on down the road, then homeowners could find themselves facing significant financial difficulties. Additionally, although prices continue to rise year after year in this area, it is possible that they could eventually plateau or even decline if more people decide not to buy or invest in homes here due to concerns about future economic conditions.