83354, Sun Valley, ID

The 83354 zip code of Sun Valley, ID has a median home value of $269,000 and a median home equity value of $187,500. This is a significant difference from the national median home value of $177,500 and the median home equity value of $142,000. The average size of homes in this zip code is 2,827 square feet while the average size for homes nationwide is 2,453 square feet. This indicates that there are more large homes in this zip code than in most other areas across the United States. Additionally, this zip code has a lower homeownership rate than most other areas at just 54%. This suggests that there may be some potential investors or first-time homeowners looking to purchase property in this area.

One reason for the higher home values in Sun Valley may be due to its proximity to major metropolitan areas such as Boise and Salt Lake City. These larger cities have a large population and are likely to bring more people and businesses into the area which will lead to increased demand for housing and consequently higher prices. Additionally, Sun Valley is located within commuting distance of many job centers which could also contribute to increased demand for housing and higher prices.