88414, Capulin, NM

The Capulin, NM 88414 zip code has a population of approximately 2,000 people. The median household income in this zip code is $37,500, and the median home value is $128,000. Over the past five years, the home equity in this zip code has increased by an average of 10%. This increase can be attributed to strong economic conditions and low interest rates.

The Capulin area has seen strong economic growth over the past few years. The unemployment rate in this area is currently at 3%, which is much lower than the national average of 6%. This strong economy has led to an increase in home values and home equity. In fact, over the past five years, the home equity in this zip code has increased by an average of 10%. This increase can be attributed to strong economic conditions and low interest rates.

One reason that home values have been increasing so rapidly in Capulin is that there are very few homes for sale in this area. In fact, according to Zillow®, there are only 4 homes for sale within a 5-mile radius of Capulin. Therefore, most buyers are able to purchase a house quickly and without having to compete with other buyers. Additionally, many homeowners in this area have taken advantage of low interest rates over the past few years and have refinanced their mortgages several times. As a result, they have been able to keep their homes more affordably than if they had not refinanced their mortgages at all or if they had refinanced their mortgages at higher interest rates.

Overall, it appears that homeownership opportunities and prices are continuing to rise rapidly in the Capulin area due to strong economic conditions and low interest rates. Homeowners who are looking for affordable housing should definitely consider purchasing a house located within the Capulin zip code