82520, Lander, WY

Home Equity and Home Prices in the 82520 Zip Code of Lander, Wyoming

The zip code of 82520 located in Lander, Wyoming has a population of just over 10,000 people. The median household income in this zip code is just under $50,000 which means that the home equity and home prices in this area are relatively low when compared to other areas of the country. In fact, according to Zillow’s recent report on home values in America’s 100 most populous cities, the median home value in Lander is only $128,500 which is significantly lower than the national median home value of $213,500.

One reason that the homes in this zip code are relatively affordable is because there are not a lot of luxury homes available for sale here. In fact, only 2% of all homes sold in Lander during 2016 were classified as luxury homes. Instead, most of the homes here are medium or small size single family dwellings which makes them more affordable to purchase. Additionally, there is a high percentage (over 60%)of owner-occupied housing units here which also contributes to the affordability of these properties.

Despite being relatively affordable compared to other areas of the country, it should be noted that home values have been increasing rapidly over the past few years due to strong demand from buyers and limited supply. According to Zillow’s report on American cityhome values released earlier this year, Lander ranked as one of America’s fastest-growing cities with an annualized rate growth rate (ARG)of 5%. This means that over the past five years alone – since 2013 – average home prices have increased by almost 50%.