81656, Woody Creek, CO

The 81656 zip code of Woody Creek, Colorado is located in the Front Range Urban Corridor and has a population of approximately 16,000. Home prices in this zip code have increased by an average of 10% over the past year. The median home price is $269,000 and the median household income is $85,000.

The primary drivers of home equity and home prices in this zip code are strong job growth and low interest rates. Over the past year, employment has increased by 2%, while the unemployment rate has decreased by 0.5%. This combination has led to an increase in demand for homes, which in turn has driven up home prices. Additionally, low interest rates have made it more affordable for people to borrow money to buy homes.

One downside to this trend is that there may be a limited supply of homes available for purchase within the 81656 zip code over the next few years. This could lead to higher home prices than would otherwise be warranted given current market conditions.