84723, Circleville, UT

The Circleville, UT 84723 zip code has a population of just over 10,000 people and an average home value of just over $150,000. The Circleville area is located in the eastern part of the state and is known for its agriculture and ranching industries. In recent years, the local economy has been struggling due to low oil prices and a weak housing market. However, there are still many homeowners in the Circleville area who are enjoying strong home equity values.

According to Zillow’s Home Value Index, the median home value in the Circleville zip code was $148,200 as of September 2017. This represents a 5% increase from 2016 and a 12% increase from 2007. Furthermore, Zillow’s data shows that homes in this zip code have an average home equity value of $236,700. This means that almost half (48%) of all homes in this zip code have at least some equity remaining!

Interestingly enough, despite strong home equity values throughout much of the Circleville area, there have been some areas where prices have decreased significantly over the past few years. For example, homes located near I-15 (the main east-west highway through town) have seen their values decline by about 20%. Conversely, properties located further away from I-15 generally maintain higher values due to their proximity to more affluent neighborhoods and larger lots.

Overall though, homeownership rates remain high in the Circleville area – especially when compared to other parts of Utah or Nevada where housing markets are currently experiencing significant turmoil. This suggests that there is still plenty of demand for residential property within this particular ZIP code – even during challenging economic times!