29732, Rock Hill, SC

Home Equity and Home Prices in the 29732 Zip Code of Rock Hill, SC

The 29732 zip code of Rock Hill, SC has a median home value of $161,000. This is higher than the statewide median home value of $146,600. The 29732 zip code also has a higher than average percentage of homes with equity (77%). This means that more homes in this zip code are worth more than what is owed on the mortgage. Additionally, the average home price in this zip code has increased by 5% over the past year. This indicates that there is strong demand for housing in this area and that prices are likely to continue to rise.

While there are many factors that can influence home prices, such as interest rates and availability of inventory, one factor that appears to be driving prices up in this area is strong demand from buyers. In addition to having a high percentage of homes with equity, Rock Hill also has a low unemployment rate (3%) which indicates that there is strong demand for housing here. Furthermore, recent growth trends suggest that Rock Hill may be experiencing an economic revival which could lead to even stronger demand for housing in the future.