29672, Seneca, SC

Seneca, SC is located in the Upstate region of South Carolina and has a population of just over 10,000. The 29672 zip code covers a small area of Seneca and has a median home value of $135,000. Home equity in this zip code is relatively low compared to other areas in South Carolina. In fact, only about one-third (32%) of homes in this zip code have more than 50% equity. This is likely due to the fact that many homes in this area are older and may not be worth as much as newer homes.

Despite the low level of home equity, there has been an increase in home prices over the past few years. The median home value increased by 8% between 2013 and 2016, which was faster than the national average rate of growth (6%). This suggests that there is potential for further price growth in this area if buyers can find properties that meet their needs.

While Seneca may not have high levels of home equity, it does offer some benefits that make it an attractive place to live. For example, the area is close to major cities such as Greenville and Spartanburg but also has plenty of rural areas for those who want them. Additionally, Seneca has excellent schools and is generally safe for residents to walk around at night.