38829, Booneville, MS

Booneville, MS is located in the 38829 zip code. According to the 2010 census, Booneville has a population of 9,859. The median household income was $41,912 and the median family income was $50,000. The per capita income was $20,527.

The average home value in Booneville is $128,500. The average home equity in Booneville is $101,000. Home prices have increased by 6% since 2007 and are projected to increase by another 7% by 2020. This growth is due to increasing demand for homes in Booneville as well as low interest rates and stable economic conditions.

Home equity is important because it allows homeowners to borrow money against their homes without having to pay interest on the loan. Homeowners who have a high home equity value can also use this money to buy other assets such as stocks or bonds. In addition, having a high home equity value can help homeowners qualify for larger mortgages or purchase more expensive homes than they would be able to afford if their home equity were lower