81625, Craig, CO

Craig, Colorado is located in the Denver metropolitan area and has a population of just over 30,000 people. The median household income in Craig is just over $75,000 and the median home value is just under $300,000. Craig has a relatively low unemployment rate of 3.5% and a relatively high rate of homeownership at 71%.

The 81625 zip code has seen strong growth in home values over the past few years. The average home value increased by 9.4% from 2013 to 2016 and by 14% from 2015 to 2016. This strong growth can be attributed to several factors including an increasing demand for housing in the Denver metro area, low interest rates, and limited supply of homes available for sale.

Despite this strong growth in home values, there are still areas of the 81625 zip code that are struggling with affordability issues. The average home value in the 81625 zip code is well above the median household income which makes it difficult for families who are trying to purchase their first home or upgrade their current home into a more affordable option. Additionally, there is a limited number of homes available for sale which means that prices will continue to rise unless new development projects are approved by the city council or if more people decide to sell their homes and move out of the area.