83404, Idaho Falls, ID

The 83404 zip code of Idaho Falls, ID has a population of approximately 58,000 people. The median household income in this zip code is $60,000, and the median home value is $130,000. This means that the home equity in this zip code is approximately $50,000.

There are a number of factors that affect home equity. The most important factor is the interest rate on mortgages. If interest rates rise, then the value of homes will also rise because mortgage payments are based on the principle balance (the amount of money that you owe) plus interest. Another important factor is inflation. Over time, prices for goods and services go up and this affects the value of homes as well. Finally, there are other factors such as property taxes and insurance premiums that can also affect home equity values.

Overall, it appears that home equity in the 83404 zip code of Idaho Falls is relatively stable and has not experienced significant changes over the past few years. This suggests that current market conditions are relatively stable and likely to remain so for some time to come.