37819, Newcomb, TN

Home Equity and Home Prices in the 37819 Zip Code of Newcomb, TN

There is no doubt that home equity is one of the most important assets that a person can own. It gives individuals the ability to borrow money against their home and use the equity to finance other activities or investments. In addition, homeownership is one of the key factors that contributes to economic stability and prosperity.

According to Zillow, as of September 2017, the median home value in Newcomb was $137,000. This represents a 0.8% increase from 2016 and a 5.5% increase from 2015. Additionally, during this same time period, the average mortgage rate in Newcomb was 4.4%. This indicates that homeownership rates are relatively stable in this zip code despite modest inflationary pressures overall across Tennessee.

Given these trends, it is safe to say that home equity remains an important asset for many residents in 37819 zip code. Furthermore, given its strong historical performance relative to other areas within Tennessee and nationwide, it would not be surprising if home prices continued to rise over time in this area as well