81427, Ouray, CO

The Ouray zip code 81427 has a population of approximately 2,000 people. The median household income in the Ouray zip code is $64,000 and the median home value is $269,000. The average home equity in the Ouray zip code is $119,000.

There are a number of factors that contribute to the high home equity values in the Ouray zip code. One reason is that the area has a low unemployment rate and a high level of education attainment. Another factor contributing to high home equity values in the Ouray zip code is that there are a lot of wealthy residents who live in this area. In addition, many homeowners in the Ouray zip code have taken advantage of low interest rates over the past few years and have been able to increase their home equity values significantly.

Despite these positive factors, there are some challenges facing homeowners in the Ouray zip code when it comes to housing prices. One challenge is that there are not enough homes available for sale within this area, which has led to increased prices for homes on the market. Another challenge facing homeowners in this area is that interest rates have been rising recently, which has made it more difficult for them to borrow money against their homes and increase their home equity values.