29437, Dorchester, SC

The 29437 zip code of Dorchester, SC has a population of about 112,000 and is located in the southeastern part of the state. The median household income in this zip code is $50,000 and the median home value is $169,500. The average mortgage rate in this zip code is 4.5%.

Dorchester has a very high home equity rate compared to other parts of the country. In fact, according to Zillow’s 2018 Home Equity Index report, Dorchester’s home equity rate is 5% higher than the national average and 9% higher than the South Carolina average. This high home equity rate may be due to several factors:

1) The low unemployment rate in Dorchester – there are currently only about 2% unemployment rates in Dorchester which means that there are plenty of people who can afford to buy homes and invest in their home equity.

2) The low interest rates – since interest rates are so low right now, it’s easier for people to borrow money and invest their money into their homes.

3) The high demand for housing – since there are so many people who want to live in Dorchester (and other parts of South Carolina), there is always going to be a high demand for homes. This means that even if interest rates go up later on down the road, homeowners who bought their homes during this time will still be able to afford them because they have already invested so much money into them!