83651, Nampa, ID

The 83651 zip code of Nampa, Idaho is home to a population of around 36,000 people. The median household income in the area is $50,000 and the median home value is $148,500. Home equity in the area has been on the rise for several years now, with values increasing by an average of 7% each year. In fact, according to Zillow’s recent report on home equity trends in America, the 83651 zip code ranks as one of the top 10 areas in America for home equity growth.

One reason why home equity values have been increasing so rapidly in this area is because there are a lot of good homes available for sale. In addition, many people who live in this zip code are able to afford to buy homes that are priced at a reasonable level given their incomes. This means that there is plenty of competition among buyers for homes in this area and prices tend to be fair overall.

Another factor that has contributed to rising home values in this area is the low rate of unemployment here. According to data from The Bureau of Labor Statistics (BLS), unemployment rates in Nampa have been below 4% for most of the past few years which has helped keep demand high for homes here. Furthermore, many people who live in this zip code are employed within relatively healthy industries such as healthcare and technology which also contributes positively to housing prices.

Overall, it seems safe to say that rising home values and strong demand are two major factors contributing towards increased home equity values across much of Idaho and especially within the 83651 zip code. If you're thinking about buying a house or refinancing your current mortgage in this area, it's important to consult with a qualified real estate agent who can help you understand all your options and make sure you get a fair deal on your property