19734, Townsend, DE

The 19734 zip code of Townsend, DE has a median home value of $142,500 and a median home equity value of $122,000. The zip code has a population of about 9,000 people and is located in the Wilmington metropolitan area.

The average annual percentage change in home values from 2006 to 2016 was 5.5%. This indicates that the prices in the 19734 zip code have increased by approximately 5% over the past seven years. Over this same period, the average annual percentage change in home equity values was 4.8%. This indicates that homeowners have seen their equity values increase by approximately 4% over this period.

There are several factors that may contribute to increases in home values and home equity values in the 19734 zip code. These include an increase in demand for housing due to an influx of new residents into the area or an increase in job opportunities, as well as an increase in wages or salaries within the local economy. Additionally, low interest rates may also lead to higher prices for homes and increased equity values for homeowners who are able to refinance their mortgages at lower rates.