37801, Maryville, TN

The 37801 zip code of Maryville, TN has a population of around 21,000 people and a median home value of $129,900. Home equity in this zip code is relatively high compared to the rest of the United States. In fact, according to Zillow’s 2018 Home Value Index, the 37801 zip code ranks as the fifth most home equity-rich zip code in the country.

One reason for this high level of home equity is that Maryville is a relatively affluent area. The median household income in this zip code is $105,000, which is above the national median household income of $59,039. Additionally, there are very few vacant homes in this zip code – only 2% of all homes are vacant. This low vacancy rate indicates that many people in this area are confident in their ability to buy and sell homes quickly should they need to do so.

Another factor contributing to high levels of home equity in the 37801 zip code is its low unemployment rate. According to data from The Bureau of Labor Statistics (BLS), only 3% of workers in this area are unemployed – well below the national unemployment rate of 4%. This strong job market likely contributes to residents’ confidence in their ability to buy and sell homes quickly should they need to do so.

Overall, it seems that factors such as high incomes and low unemployment rates contribute significantly to high levels of home equity in the 37801 zip code. Consequently, homeowners here can be relatively confident that they will be able to sell their homes at a fair price if they decide to do so.