30545, Helen, GA

Home equity is the difference between the market value of a home and what a homeowner owes on their mortgage. The market value of a home can be found through online listings or by contacting a real estate agent. Homeowners typically owe an amount equal to the outstanding balance on their mortgage, plus interest and any other fees associated with their loan.

According to Zillow, the median home value in Helen, GA was $157,200 in January 2018. This means that homeowners in this zip code had approximately $30,600 worth of equity in their homes at that time. However, this number can vary significantly depending on the location and condition of each home. In general, homeowners who have maintained their homes over time tend to have more equity than those who have sold or rented recently.

Helen's average monthly mortgage payment was $1,868 in January 2018 according to Freddie Mac data. This means that homeowners could potentially use up most or all of their home equity within just a few years if they were not careful with their spending habits. It is important for homeowners to keep track of both their current debt levels and monthly payments so they can make informed decisions about how best to use their available funds.

Overall, Helen's home prices are relatively stable compared to many other areas across the country. This stability may be due in part to Helen's strong economy and low unemployment rate (3%). Additionally, there are not many major development projects underway within this zip code which could impact housing values significantly over time.