80473, Rand, CO

Rand, Colorado is located in the Front Range of the Rocky Mountains. The 80473 zip code covers a land area of about 5 square miles and has a population of about 2,000 people. The median household income in Rand is $68,000 and the median home value is $160,000.

The average home equity in Rand is $130,000. This means that homeowners have an equity of approximately 78% of the original purchase price of their homes. Home prices have increased by an average of 9% each year since 2000. In Rand, there are currently 190 homes for sale and only 83 are available for purchase. This indicates that home prices are relatively stable in Rand compared to other areas in Colorado.

The primary reason that home values have increased so much over the past decade in Rand is due to strong job growth and low interest rates. Over the past 10 years, there has been an increase of over 1,500 jobs in Rand which has led to an increase in demand for housing. Additionally, interest rates have been very low during this time period which has helped to boost home values even further.