29681, Simpsonville, SC

The 29681 zip code of Simpsonville, SC has a median home value of $161,000 and a median home equity of $87,000. This is lower than the state median home value of $177,500 and the national median home equity of $142,700. The 29681 zip code also has a lower than average homeownership rate of 62%.

There are several factors that may contribute to the lower home values in the 29681 zip code. One reason may be that Simpsonville is located in an economically depressed area. Additionally, there are fewer homes for sale in this zip code compared to other areas of South Carolina. Finally, many homeowners in this area have taken out mortgages that are higher than the market value of their homes. As a result, they have less available equity to use as collateral for a loan or to purchase another home.