88314, Bent, NM

Home Equity and Home Prices in the 88314 Zip Code of Bent, NM

The home equity and home prices in the 88314 zip code of Bent, NM are very high. The median home value in this zip code is $439,900, which is more than double the national median home value of $177,500. The average home value in this zip code has increased by over $200,000 since 2007. This high level of home equity is likely due to the strong economy and low interest rates that have been in place for many years.

There are a number of factors that may contribute to the high level of home equity and home prices in the 88314 zip code of Bent. First, there is a large number of affluent residents living in this area. Second, there is a strong economy with low interest rates that has helped to increase values over time. Third, there are few available homes for sale compared to other areas of the country, which has led to higher prices. Finally, many homeowners have taken advantage of low interest rates and used theirhome equityto purchase additional assets such as stocks or bonds.