88113, Causey, NM

The 88113 zip code of Causey, NM has a median home value of $147,000. This is significantly lower than the national median home value of $217,500. The main factors contributing to this difference are likely the low population density and lack of major metropolitan areas in the area.

Despite these factors, there are still a number of homeowners in the 88113 zip code who have equity in their homes. In fact, according to Zillow’s Home Value Index report for 2018, approximately one-third (32%) of homeowners in this zip code have equity in their homes. This is significantly higher than the national average of just over 20%.

One reason for this high level of equity may be that many homeowners here have taken advantage of low interest rates over the past few years. As a result, they have been able to increase their home values by adding extra features or making other improvements to their homes.

Overall, it appears that homeownership rates and home values are lower in the 88113 zip code than they are nationally. However, there is still a significant number of homeowners here who have equity in their homes which could provide them with some security if they were to lose their jobs or face other financial challenges.