29690, Travelers Rest, SC

Home Equity and Home Prices in the 29690 Zip Code of Travelers Rest, SC

The 29690 zip code of Travelers Rest, SC has a median home value of $132,000. This is significantly lower than the statewide median home value of $217,500. The 29690 zip code also has a lower home equity percentage than the statewide average of 59%. This indicates that there are more homes in this zip code that are worth less than their mortgages.

There are several factors that could contribute to the lower home equity percentage in the 29690 zip code. One possibility is that there are more homes that have been foreclosed on or are in foreclosure status. Another possibility is that there are more homes that have been purchased with low credit scores or no credit at all. Either of these situations could lead to a lower value for the home.

Despite these factors, homeownership remains an important part of the American Dream and it is still possible for people to achieve homeownership in the 29690 zip code. There are many programs available to help people get approved for a mortgage and then purchase a home. Additionally, there are many neighborhoods in this zip code that offer good schools and plenty of amenities such as shopping and recreation facilities.