81201, Salida, CO

The Salida, CO 81201 zip code has a population of about 16,000 people and has an average home value of about $225,000. The home equity in this zip code is relatively high compared to other zip codes in the area. In fact, the median home equity for this zip code is $144,500. This means that approximately half of all homes in this zip code have more than $144,500 worth of equity.

One reason why the home equity in this zip code is high is because there are a lot of affluent residents living here. The median household income in this zip code is $92,700 which is above the national median household income of $59,039. Additionally, the percentage of households that own their homes outright (without any mortgage) is above the national average of 63%. This means that a lot of people in this zip code have enough money saved up to buy a house without having to take out a loan.

Another reason why the home equity in this zip code is high is because there are a lot of homes that were built recently. In fact, almost half (47%)of all homes in this zipcode were built within the last five years. This means that there are plenty of new homes available for sale and many people who want to buy one can afford to do so without having to take out a loan.

Overall, it seems like the home equity in Salida, CO 81201 is high because there are many affluent residents living here and many new homes have been built recently which makes it easier for people to purchase houses without having to take out loans