29576, Murrells Inlet, SC

The 29576 zip code of Murrells Inlet, SC is located on the southeast coast of the United States. The area has a population of approximately 2,000 people and is home to a variety of businesses and attractions. The median home value in this zip code is $129,900, which is higher than the national median home value of $117,500.

Home equity in this zip code has increased significantly over the past few years. In March 2016, the median home value was $122,500. Since then, prices have increased by an average of 7% each year. This trend is likely to continue as there are many homes for sale in this area and buyers are willing to pay more for properties that are in good condition.

One reason why home values have increased so much in this zip code is that there are a lot of new homes being built here. Between 2010 and 2016, the number of new homes constructed in this area grew by an average of 25%. This growth has led to an increase in demand for property and consequently an increase in home values.

Another factor that has contributed to the rise in home values in this area is the low unemployment rate. In March 2016, unemployment was only 3%, which is lower than the national unemployment rate of 4%. This low unemployment rate means that there are plenty of people who are able to afford to buy a house and invest their money into it – which leads to an increase in home prices.