80487, Steamboat Springs, CO

Steamboat Springs, Colorado is a picturesque mountain town located in the heart of the Rocky Mountains. The population of Steamboat Springs was 10,902 as of the 2010 census. The 80487 zip code includes all of Steamboat Springs and most of the surrounding area.

Home prices in the 80487 zip code have increased significantly over the past few years. As of May 2016, median home prices were $269,000, up from $220,000 in May 2013. Over that same period, home equity values have also increased significantly; as of May 2016, median home equity values were $248,000, up from $169,000 in May 2013.

The primary drivers behind these increases are likely market saturation and strong demand for housing within Steamboat Springs. Market saturation refers to a situation where there are too many homes available for sale relative to the number of people who are interested in buying them; this can lead to higher prices and decreased availability (due to competition). Strong demand for housing means that there is a high level of interest in purchasing homes within a given area – which can lead to faster price appreciation and more choice for buyers.

While market saturation is likely a major factor behind these increases in home prices and home equity values within the 80487 zip code, other factors may also be at play. For example, Steamboat Springs has consistently been one of the most desirable places to live in Colorado – which could contribute to higher demand for housing within this particular area. Additionally, recent economic growth has led to an increase in jobs and income opportunities throughout Colorado – which could also contribute to stronger demand for housing within Steamboat Springs.