81129, Conejos, CO

Home Equity and Home Prices in the 81129 Zip Code of Conejos, Colorado

The zip code of 81129 has a population of just over 10,000 people and a median household income of $51,500. This means that the home equity and home prices in this zip code are both relatively high. As of September 2017, the median home value in this zip code was $247,900. This is significantly higher than the national median home value of $217,500. In addition, the average home equity loan amount in this zip code is also high at $128,000. This means that many homeowners in this zip code have a significant amount of equity in their homes.

One reason why the home equity and home prices in this zip code are so high is because there are a lot of affluent residents living here. The majority (60%) of households in this zipcode have an income above $75,000 per year. Additionally, there are a lot of wealthy investors living here too. As a result, there is a large demand for homes in this area and consequently, the prices have risen accordingly.

Despite these high prices however, not everyone can afford to live in this area. There is a significant shortage of affordable housing available for people who don't make very much money. In fact, only 5%of households in this zipcode earn less than $30k per year. Consequently, many low-income residents have to settle for neighborhoods that are far from amenities and businesses and which tend to be quite dangerous too.