19958, Lewes, DE

The 19958 zip code of Lewes, Delaware is located in the southeastern part of the state and includes a population of just over 20,000 people. Home prices in this area have been on the rise for some time now, with median home prices reaching $269,900 as of January 2018. The average home size in this zip code is 2,898 square feet and there are a total of 1,527 homes currently for sale.

When it comes to home equity, many residents in the 19958 zip code have plenty to be proud of. As of January 2018, the median home equity value was $181,200. This means that half (50%) of all homes in this area have more equity than what is required to cover current monthly mortgage payments. Additionally, nearly one-third (32%)of all households in this zip code own their homes outright and don’t owe any money on them whatsoever! This high level of homeownership is likely due to low interest rates and stable economic conditions over the past few years.

When it comes to home prices though, there are some areas where the 19958 zip code falls short. For example, while median home prices are above $269K overall, there are pockets within this area where prices are much lower – typically around $175K or less. This could be due to a number factors including location (some areas near major highways or commercial districts may be more expensive), age (older homes tend to sell for more), or condition (a newer house may cost more initially but may eventually depreciate). Regardless though – it’s worth keeping an eye on market trends and pricing changes within your specific neighborhood so you can stay ahead of any potential price hikes!