38343, Humboldt, TN

Humboldt, Tennessee is located in the southeastern corner of the state and has a population of just over 10,000. The 38343 zip code covers a total area of just over 2 square miles and has a median home value of $119,000. Home equity in this zip code is relatively high compared to other areas of Tennessee, with nearly 60% of households reporting some level of home equity. This high level of equity may be due in part to the low rate of homeownership in Humboldt (just under 50%), as well as the fact that homes here are generally newer and larger than those found elsewhere in the state.

Despite these positive factors, there are also some challenges facing homebuyers in Humboldt. One issue is that homes here are generally more expensive than those found elsewhere in Tennessee, which can make it difficult for people who don't have a large down payment or who don't have excellent credit to purchase a home here. Additionally, there is an increasing demand for housing relative to available supply, which may lead to higher prices and increased competition for homes over time. Despite these challenges, however, overall home equity levels remain high and appear to be stabilizing or even growing modestly over time.