83647, Mountain Home, ID

The 83647 zip code of Mountain Home, ID is located in the Snake River Valley and has a population of approximately 8,000 people. The median household income in this zip code is $50,000 and the median home value is $146,500. The average home equity loan amount in this zip code is $111,500.

There has been a significant increase in home equity loans over the past few years due to an increase in home prices and low interest rates. In fact, according to Zillow’s 2018 Home Equity Loan Report, the average home equity loan amount in this zip code increased by 27% from 2017 to 2018. This increase can be attributed to several factors including an improving economy and low interest rates.

Home prices have increased significantly over the past few years due to an influx of new residents and development projects in the area. According to data from Trulia, the average home value in this zip code has increased by 29% since 2016. This trend is likely to continue as more people invest money into homes here because they are relatively safe investments with high potential for growth.

While there are some risks associated with buying a home (such as experiencing a housing market crash), overall buying a house here appears to be a good investment choice given current market conditions.