80501, Longmont, CO

The Longmont, Colorado 80501 zip code has a population of about 116,000 people. The median household income in the 80501 zip code is about $60,000. The median home value in the 80501 zip code is about $240,000.

Home equity and home prices are important factors to consider when buying or selling a home. Home equity is the difference between the market value of a home and the amount of money that a homeowner owes on their mortgage or loan. Home prices are based on many factors, including location, size and condition of the property, as well as current market conditions.

In general, homes in desirable neighborhoods with good schools and access to amenities (such as shopping and parks) tend to have higher home values than homes in less desirable neighborhoods. However, even relatively low-priced homes can become more expensive over time if they are located in an area that is growing rapidly or if there are new development projects underway nearby.

According to data from Zillow®, the average price of a single-family home in Longmont increased by 5% from January 2017 to January 2018*. This increase was slightly lower than the national average rate of growth (6%), but it was still above the rate of inflation (2%). Over the past year*, Zillow has tracked over 2 million properties nationwide* and found that single-family home values increased by an average of 3%. In some areas throughout Colorado*, such as Fort Collins* and Boulder*, prices have increased by more than 10%. However, despite these modest gains overall*, there has been significant variation across counties within Colorado*. For example, while prices in Larimer County have increased by nearly 12%, those in Weld County have only seen an increase of around 4%. This variability may be due to several factors*, including local economic conditions** and zoning laws***.