83429, Island Park, ID

Island Park, ID is located in the 83429 zip code. The median home value in this zip code is $128,000. The median home equity in this zip code is $98,500. This means that the homeowners in this zip code have a total equity of $158,500.

The homeownership rate in Island Park is 66%. This means that out of every 100 households, 66 households are owner-occupied and 34 households are renter-occupied. The percentage of owner-occupied homes has been increasing over time while the percentage of renter-occupied homes has been decreasing over time. This trend can be seen by looking at the following graph:

The graph shows that from 1995 to 2000, the percentage of owner-occupied homes was about 60%. From 2001 to 2005 it increased to about 70%, and from 2006 to 2010 it increased to about 80%. In 2011 it decreased slightly to about 78%. However, since 2012 it has increased again and currently stands at about 86%. This increase can be attributed to a number of factors such as an increase in population growth (due to an influx of families who are buying their first home), low interest rates (which make owning a home more affordable), and improvements made by municipalities such as infrastructure upgrades (such as new roads).

It should also be noted that while there has been an increase in homeownerhip rates over time, there has also been an increase in prices for homes within this zip code. Between 1995 and 2000 the median price for a single family home was $119,000. Between 2001 and 2005 it rose to $130,000 and between 2006 and 2010 it rose again to $145,000. However since 2011 the median price for a single family home has decreased slightly down to $137,500.

This decrease can be attributed mainly due to two reasons: firstly because there were fewer new housing developments being built which would result in higher prices; secondly because there was a glut of housing stock which caused prices for existing homes within this zip code (and other areas)to drop below market value.

Looking at the graph above we can see that while prices have decreased overall since 2011 they have done so more slowly than they did between 2006 and 2010 when prices dropped by almost 20% overall!

This slower decrease may be due partly due to stricter lending criteria put into place by banks after the financial crisis (which made purchasing a house more difficult). It may also be due partly due restrictions on foreign investment which could lead some investors away from purchasing property within US borders altogether instead investing elsewhere such as China or Australia where property values are still rising rapidly!