83811, Clark Fork, ID

The 83811 zip code of Clark Fork, ID, has a population of approximately 2,000 people. The median household income in the 83811 zip code is $55,000 and the median home value is $135,000. The average mortgage rate in the 83811 zip code is 4.5%.

The average home equity in the 83811 zip code is $92,500. Home prices have increased by 10% over the past year and are projected to increase by another 7% over the next year. In addition, home equity loans account for 50% of all mortgages in this zip code.

The main drivers of home equity growth in this area are strong job growth (particularly in health care) and low interest rates. Additionally, there is a limited supply of homes available for sale which has driven up prices. There are also a number of new development projects underway which will add to demand for housing in this area over the next few years.