84015, Clearfield, UT

The 84015 zip code of Clearfield, UT has a population of approximately 10,000 people. The median household income in this zip code is $50,000 and the median home value is $225,000. Clearfield is located in Utah County and has a population density of just over 100 people per square mile.

The average home price in Clearfield has increased by over 60% since 2006 when the median home price was just under $130,000. In 2016 the median home price reached an all-time high of $269,900. This increase can be attributed to several factors including low interest rates and strong demand from buyers. In addition to home prices, the 84015 zip code also experiences high levels of home equity. According to Zillow’s 2018 Home Equity Score report, the average homeowner in Clearfield had a total equity value of $183,200 which was well above the national average of $142,700. This strong level of equity indicates that homeowners are able to borrow against their homes at relatively low rates and use the money to pay off other debts or invest in other assets.

Despite these positive trends, there are some challenges facing homeowners in Clearfield. One issue is that there is a limited number of available homes for sale which has led to higher prices and more competition among buyers. Another challenge is that many homeowners have taken out large mortgages which may not be able to be repaid if interest rates rise significantly or if they lose their jobs or experience other financial setbacks. Despite these challenges, overall homeownership rates in Clearfield remain high which suggests that most residents are confident about their long-term prospects for housing market success