83805, Bonners Ferry, ID

The 83805 zip code of Bonners Ferry, ID has a median home value of $119,000 and a median home equity value of $141,000. The average home price in the 83805 zip code has increased by 6.5% over the past year. The average home equity value in this zip code is above the national average and is one of the highest values in Idaho.

The main factors that have contributed to the increase in home prices in this zip code are strong economic growth and low interest rates. The economy has been growing steadily for several years now, which has led to an increase in demand for homes and property values. Additionally, interest rates have remained low for a long period of time, which has helped to boost the value of homes even more.

Despite these positive trends, there are some areas where the 83805 zip code falls short compared to other areas across the country. For example, while there is an increasing demand for homes here, there is also an increasing demand for rental properties due to high unemployment rates in this area. This mismatch between supply and demand can lead to higher prices for homes than would be otherwise warranted by market conditions alone.