37058, Dover, TN

Home equity is the difference between what a homeowner owes on their home and what the home is worth. Home prices are the amount that homeowners are willing to pay for a property. In 37058, home equity and home prices have been on the rise for several years now. In fact, according to Zillow, the median home value in this zip code was $159,900 as of September 2017. This represents an increase of over 20% from when Zillow last measured it in 2016.

One reason that 37058 has seen such strong growth in home values is that there are a lot of homes available for sale here. According to Trulia, as of September 2017 there were 1,847 homes for sale in this zip code. This is more than double the number of homes that were available just five years ago! Additionally, many homeowners here have taken advantage of low interest rates to refinance their mortgages and update their homes with new features or renovations. This has helped drive up prices even further.

However, not everyone in 37058 is benefiting from these high home values. Some people who live here may not be able to afford a house even if they wanted one because prices have risen so much faster than incomes over the past few years. Additionally, some people who do own homes here may find themselves struggling to make payments on them because interest rates have been so low for so long.

Overall though, it seems clear that 37058 residents are very happy with their current housing situation and believe that prices will continue to rise in coming years.