84660, Spanish Fork, UT

Spanish Fork, Utah is located in the southeastern corner of the state and has a population of just over 30,000 people. The zip code 84660 has a median household income of $75,000 and a median home value of $236,500. Spanish Fork is one of the wealthiest zip codes in Utah and has seen strong home equity growth over the past several years.

The average home value in Spanish Fork increased by 33% from 2013 to 2016. This was significantly faster than the statewide increase of 21% during that same time period. In addition, Spanish Fork had the third-highest percentage increase in home values among all zip codes in Utah during that time period.

There are several factors contributing to this strong home equity growth in Spanish Fork. First, there is a high demand for housing in this area due to its proximity to both Salt Lake City and Park City. Second, Spanish Fork has been experiencing very low unemployment rates over the past few years which has helped drive up prices for homes and condos alike. Finally, Spanish Fork residents have been able to take advantage of low interest rates by refinancing their homes multiple times over the past few years.