83856, Priest River, ID

The zip code 83856 covers a large area of Priest River, Idaho. The median home value in this zip code is $128,000. This is a relatively high home value for the area, and it is likely that the homes in this zip code are newer and in better condition than those in other areas of Priest River.

The percentage of households that own their homes outright is high in the 83856 zip code, at almost 80%. This suggests that many people here are able to afford to buy their homes outright, without having to rely on any form of mortgage financing. It also suggests that home prices here are relatively stable compared to other areas of the country.

On the other hand, the percentage of households that have a mortgage is lower than average in the 83856 zip code. This may be due to the fact that there are many older homes in this area, and most homeowners may not be able to qualify for a mortgage based on their current income levels. Alternatively, it may indicate that people here are more willing or able to take on some risk when buying a home. Either way, it seems likely that home prices here will continue to rise over time as more people become eligible for mortgages and as more new homes are built in this area.