29631, Clemson, SC

The 29631 zip code of Clemson, SC has a population of around 36,000 people. The median household income in this zip code is $75,000. Home equity in this zip code is around $280,000. Home prices in this zip code have been increasing at a rate of about 5% per year over the past few years.

There are many factors that contribute to home prices and home equity growth in a particular area. Some of these factors include population growth, job opportunities, interest rates, and housing supply and demand. In the 29631 zip code of Clemson, SC there is strong population growth (about 2% per year), which has helped to drive up home values and home equity. Additionally, there are many jobs available in the area (about 20% more jobs than five years ago), which has led to increased demand for homes and increased wages for workers. Interest rates have remained relatively stable over the past few years (around 3%), which has helped to keep mortgage rates low and help to fuel increases in home values and home equity. Finally, housing supply and demand have played a role as well; as more people move into an area or buy homes, the prices for those homes will increase accordingly.