29630, Central, SC

Home Equity and Home Prices in the 29630 Zip Code of Central, SC

The 29630 zip code of Central, SC has a median home value of $130,000. This is higher than the statewide median home value of $119,500. The 29630 zip code also has a higher than average percentage of homes with equity (77%). This is likely due to the high demand for housing in this area and the low rate of foreclosure activity.

Home prices in the 29630 zip code have increased significantly over the past few years. In January 2009, the median home value was $93,000. By January 2016, this had increased to $130,000. This represents an increase of 56%.

The 29630 zip code also has a high rate of home equity growth. In January 2009, only 38% of homes had equity. By January 2016 this had increased to 77%. This indicates that many homeowners are able to leverage their home equity to purchase additional property or take out loans for larger purchases.

While there are some risks associated with buying a house in Central, SC (such as potential hurricane damage), overall it appears that homeownership and home values are strong in this area.