81124, Capulin, CO

The 81124 zip code of Capulin, CO has a median home value of $147,500 and a median home equity value of $122,000. These values are significantly higher than the national median home value of $123,700 and the national median home equity value of $101,200. This indicates that the homes in this zip code are worth more than average.

One possible explanation for this discrepancy is that Capulin is located in a desirable area. The zip code has a population density of only 2 people per square mile, which is much lower than the national average population density of 5 people per square mile. Additionally, Capulin has a high percentage of residents who have at least a bachelor's degree (29%), which is above the national average percentage (25%). These factors may contribute to why homes in this zip code are worth more than average.

Another possible explanation for the high home values in this zip code is that there are fewer homes available for sale compared to other areas. In 2017, there were only 36 homes available for sale in this zip code compared to an average of 159 homes available for sale nationwide each year. This may lead to higher prices because there is less competition among buyers and sellers.