83311, Albion, ID

The Albion, ID 83311 zip code has a median home value of $138,500. This is significantly lower than the state median home value of $277,500 and the national median home value of $177,000. The Albion zip code also has a low percentage of homeownership (41%) and a high percentage of renters (59%).

One reason for the low home values in the Albion zip code may be its low percentage of homeownership. Homeowners in this zip code are more likely to have equity in their homes than renters are. Additionally, many people in this zip code may not be able to afford to buy a house outright due to high housing costs or other financial constraints.

Despite the low home values, there is still demand for homes in the Albion zip code. This is likely due to its relatively small population size (just over 2,000 people) and its proximity to major cities such as Boise and Twin Falls. In addition, many people who live in Albion commute to work in these larger cities which may increase their demand for housing near their jobs.