84711, Annabella, UT

Annabella, UT is located in the Salt Lake City metropolitan area. The zip code 84711 has a population of just over 10,000 people. Home prices in the Annabella zip code have increased significantly over the past few years, reaching an all-time high of $269,900 in March of 2016. This increase has been driven by strong demand and limited supply.

The average home value in the Annabella zip code is $269,900. The majority of homes in this zip code are single family homes. There are also a small number of condominiums and townhomes available for purchase. The majority of homes in this zip code were built between 2000 and 2009.

The average home equity loan amount in the Annabella zip code is $131,200. This amount is relatively low when compared to other areas within the Salt Lake City metropolitan area. The average home equity loan amount across all ZIP codes within the Salt Lake City metropolitan area is $187,500. This indicates that there is more competition for available home equity loans in this area than elsewhere within the metropolitan area.

There are a number of factors that have contributed to the increase in home prices in Annabella over recent years: strong demand from buyers who want to live close to downtown Salt Lake City; limited supply due to zoning restrictions that limit new construction; and low interest rates that make borrowing money for a home purchase more affordable than it has been historically. There are concerns that these conditions may not continue indefinitely, as there are already signs that demand for housing is beginning to slow down somewhat and interest rates could begin to rise later this year or early next year if economic conditions continue to improve globally