29918, Estill, SC

The 29918 zip code of Estill, SC is located in the northeastern part of the state and has a population of about 2,000. The median household income in this zip code is about $35,000 and the median home value is about $130,000. The average mortgage rate in this zip code is about 4.5%.

There are a number of factors that affect home prices and home equity in any given area. In Estill, SC, some of the major factors that affect home prices and home equity include:

-The availability of housing stock: In general, there are more homes available for sale in Estill than there are buyers who want to purchase them. This means that there is competition among buyers for available homes, which drives down prices.

-The level of interest rates: Interest rates play an important role in affecting both the price of homes and the amount that homeowners can borrow to finance their purchases. When interest rates are high (above 6%), it becomes more difficult for people to afford a home purchase even if they have good credit ratings and enough money saved up. Conversely, when interest rates are low (below 3%), it becomes easier for people to afford a home purchase even if they have poor credit ratings or no money saved up. Over time, changes in interest rates can have a significant impact on both the price of homes and homeowners' equity levels.