82301, Rawlins, WY

Rawlins, Wyoming is located in the 82301 zip code. The median home value in this zip code is $119,000. The median home equity value in this zip code is $83,000. Home prices have been increasing steadily since 2006 and are now at an all-time high. In 2006, the median home value was $92,000 and the median home equity value was $62,000. In 2016, the median home value was $119,000 and the median home equity value was $83,000. This indicates that over the past eight years there has been a 116% increase in home values and a 233% increase in home equity values.

The main reasons for this steady rise in Rawlins homes prices are likely due to a combination of factors including low interest rates (4%), strong job market (5th highest unemployment rate of any city with over 100,000 residents), limited supply of homes for sale (only 1% of homes are available for sale), and strong demand from buyers who want to live close to work or amenities such as shopping malls and schools. Additionally, Rawlins has seen an influx of new residents who have chosen to move here because of its affordable housing options and excellent job market prospects.

Despite these positive trends, there are some potential risks that could affect Rawlins' housing market going forward. One potential risk is if interest rates rise significantly from their current low levels which could make buying a house more expensive for people who don't have enough money saved up already or if there is another economic recession which would cause people to lose their jobs and be unable to afford their mortgages payments anymore. Another potential risk is if new development projects are not approved by the city council which could lead to an increased demand for homes but not enough available units available for sale on the market; this would result in higher prices being paid by buyers than what they would otherwise be paying due to scarcity of inventory availability.