87037, Nageezi, NM

Home Equity and Home Prices in the 87037 Zip Code of Nageezi, NM

There is no doubt that home equity is one of the most important assets that a person can own. In fact, according to Zillow, "home equity is the difference between what a homeowner owes on their mortgage and what they actually own – including any mortgages, home equity lines of credit (HELOCs), and other loans against the property." This means that if someone's home value goes up by 10%, their equity goes up by 10%.

In addition to being an important asset, home equity also plays an important role in a person's overall financial stability. For example, if someone has a large amount of equity in their home, they are less likely to need to take out a loan to buy another house or to finance some other type of purchase.

According to Zillow's 2018 Home Value Report:

"The median U.S. household had $217,500 in total housing value (including primary residence and any second homes) at the end of 2017 – up 5% from $203,000 at the end of 2016."

This means that there is plenty of room for homeowners in the 87037 zip code of Nageezi, NM to increase their home values over time. In fact, according to Trulia's 2018 National Home Value Survey:

"The average U.S. house was worth $269,700 (+5%) more than it was 12 months earlier."

This indicates that there are plenty of people who could see their homes increase in value by anywhere from 5% all the way up to 20%. Of course this depends on many factors specific to each individual property (such as location and size), but it provides some indication as to how much potential buyers might be able to gain through investing in their homes over time.

Of course not everyone will be able see their home values increase by 20%, but even those who don't see significant gains will likely see them rise significantly over time due bothto general market trends and specifically because there are so many people interested in purchasing or refinancing homes within this particular zip code right now. In fact:

"Zillow reports that 97 percentof ZIP codes across America saw increases year-over-year when looking at median single-family sales prices between July 2017 and July 2018."

This indicates that there is strong demand for properties within this particular area - which means that even those who don't experience significant gains during the current market cycle should have no trouble seeing their homes appreciate significantly over time given how strongly demand currently exists within this area