84010, Bountiful, UT

Home Equity and Home Prices in the 84010 Zip Code of Bountiful, UT

The 84010 zip code of Bountiful, UT has a median home value of $191,000. This is higher than the Utah median home value of $146,000 and the national median home value of $177,500. The 84010 zip code also has a high percentage of homeowners with a mortgage (77%) which is higher than the Utah statewide mortgage rate (68%) and the national mortgage rate (64%). These high percentages may be due to the relatively low cost of living in this area or because many residents are able to afford a mortgage.

The 84010 zip code has a lower percentage of homeowners who are underwater on their mortgages (10%) which is lower than both the Utah statewide percentage (14%) and the national percentage (13%). This indicates that most residents in this area are able to afford their mortgages despite having some debt remaining on their homes. Additionally, this low percentage may be due to the relatively low cost of living in this area or because many residents have been able to refinance their mortgages in recent years.

Overall, it appears that homeownership rates and home values are high in the 84010 zip code of Bountiful, UT. This may be partially due to its relative affordability compared to other areas or it may be indicative that many residents have been able to refinance their mortgages recently.