38201, McKenzie, TN

The 38201 zip code of McKenzie, TN has a median home value of $128,000. This is higher than the Tennessee median home value of $107,500. The 38201 zip code also has a higher than average percentage of homeowners with equity in their homes. This is likely due to the high home prices in this area.

Home equity is important for many reasons. It can provide a cushion during tough times, help you save for retirement or other goals, and give you some financial independence. Home equity can also be used as collateral for loans, which can help you buy a house or invest in other ventures.

There are many factors that can affect home prices and home equity values. These include interest rates, market conditions (such as demand and supply), local government policies (such as zoning laws), and the health of the economy overall.