29572, Myrtle Beach, SC

Myrtle Beach, SC is a popular tourist destination that has seen a significant increase in home prices over the past few years. According to Zillow, the median home value in Myrtle Beach is $269,900, which is significantly higher than the national median of $217,500. This has led to an increase in home equity for many residents of the 29572 zip code.

According to data from Zillow, homeowners in the 29572 zip code have an average home equity of $101,700. This means that most homeowners are able to use their home equity as a source of financing for other needs or investments. In addition, homeowners in this zip code have an average mortgage debt of $141,000, which indicates that they are able to borrow enough money to purchase a house without having too much difficulty.

While there are some drawbacks associated with having high levels of home equity (such as increased risk when investing), overall it appears that homeowners in the 29572 zip code are doing well financially and are able to use their assets to support their lifestyles.