29665, Newry, SC

Home Equity and Home Prices in the 29665 Zip Code of Newry, SC

The 29665 zip code of Newry, SC has a median home value of $128,500. This is a decrease from the median home value of $135,000 in 2007. The percentage decrease in home values is due to the recent recession and slow economic growth.

Despite this decrease in home values, the 29665 zip code still has some of the highest home equity levels in South Carolina. In fact, according to Zillow’s 2018 Home Value Index report, the zip code ranks first out of all 100 South Carolina zip codes for home equity levels.

This high level of equity is likely due to the strong economy and low interest rates currently experienced by homeowners in this area. Additionally, many homeowners have taken advantage of low interest rates by refinancing their homes multiple times over the past few years.

While there are some areas within South Carolina that have seen a larger decrease in home values than Newry (due to factors such as foreclosure activity), overall this area has seen a positive trend when it comes to housing prices and equity levels.