19950, Greenwood, DE

The Greenwood, Delaware 19950 zip code has a population of approximately 10,000 people. The median household income in this zip code is $60,000. The median home value in this zip code is $185,000. Home equity and home prices have been on the rise in this zip code for the past few years. In 2014, the home equity in this zip code was $157,000 and the home prices were $179,500. In 2015, the home equity increased to $165,000 and the home prices increased to $192,500. In 2016, both the home equity and home prices increased to their highest levels yet at $176,700 and $194,500 respectively.

There are several factors that have contributed to the increase in home values in this zip code over recent years. One reason is that there has been an increase in demand for homes in Greenwood due to an influx of new residents and businesses moving into the area. Another reason is that there has been an increase in inventory of homes available for sale within this zip code which has led to higher prices being offered for these homes. Finally, investors are also purchasing homes within this zipcode as part of a long-term investment strategy rather than selling them immediately which has also contributed to higher home values within this area.

Despite these positive trends however there are also some risks associated with buying or owning a home within Greenwood's 19950 zip code. One risk is that interest rates could rise which would lead to lower values for homes within this area since mortgages typically account for a large portion of homeowners' overall debt obligations. Another risk is that housing market conditions could change significantly which could lead to decreased demand for homes or even price decreases if current buyers decide to sell their homes sooner than they had planned on doing so. Despite these risks however it seems likely that Greenwood's 19950 zip code will continue experiencing strong growth in both itshome equityandhome pricesoverthenextfewyearsasinvestorsandnewresidentscontinuetoinvestinthisareaandlocalhousingmarketconditionsremainstableorimprove