84715, Bicknell, UT

Home Equity and Home Prices in the 84715 Zip Code of Bicknell, UT

The home equity and home prices in the 84715 zip code of Bicknell, UT are very high. The median home value in this zip code is $527,000 which is more than triple the national median home value of $177,500. The percentage of homes that are owned outright by their occupants is also high at 96%. This indicates that a majority of residents in this zip code are able to take advantage of the equity in their homes to finance other important expenses such as education or retirement. Additionally, the percentage of homes that are mortgaged is also low at just 4%. This indicates that most residents here have enough equity in their homes to cover any potential financial obligations they may have.

The high home values and low mortgage rates in this zip code likely contribute to its strong housing market performance. The Zillow Home Value Index shows that the average home value has increased by 10% over the past year which ranks this zip code as one of the top 10% performers nationwide. Additionally, according to Trulia’s Rent Index, rents have increased by 6% over the past year which ranks this zip code as one of the top 10% rental markets nationwide. These strong housing market conditions indicate that there is plenty of demand for properties in this zip code and that sellers are able to receive a high return on their investment.