29201, Columbia, SC

Columbia, SC is located in the southeastern part of the United States. The city has a population of just over 200,000 people and is home to the University of South Carolina. The 29201 zip code covers a total area of just over 9 square miles and has a median home value of $236,000.

Home equity is important for many reasons. It can provide financial stability in times of need, help borrowers qualify for loans, and provide an asset that can be used to generate income or borrow money against in order to purchase additional assets. In Columbia, home equity values have been increasing at a rate above the national average over the past few years. This trend may continue as more people are able to afford homes in this area and as the market continues to strengthen overall.

According to Zillow’s Home Value Index (HVI), Columbia’s home value index was up 2% from January through March 2018 compared to the same period last year. This increase puts Columbia among the top 10 cities nationwide with the highest HVI values during this time period. Additionally, Zillow’s 2018 National Home Value Survey found that statewide home values increased by 5% from 2017 to 2018 – placing South Carolina among the top five states nationwide for annual growth rates during this time period (the other four states being California, Florida, Texas, and Arizona). These trends suggest that Columbia residents are benefiting from strong market conditions overall and that there is potential for further appreciation in homes here over time.

Interestingly enough though, while prices have been on an upward trajectory in Columbia since 2013 according to Trulia’s Trends Report (which uses data from multiple sources including public records), they have not always been so stable here – with spikes and dips throughout that time period (see chart below). This suggests that while there is strong demand for homes in Columbia right now – especially among buyers who want access to good schools and other amenities – there may also be some risk associated with buying into this market at this point.