38852, Iuka, MS

The 38852 zip code of Iuka, MS has a population of about 2,000 people. The median household income in this zip code is $32,000. Home equity in this zip code is valued at $128,000. The average home price in this zip code is $132,500.

There are a number of factors that contribute to the high home equity values in the 38852 zip code of Iuka, MS. First and foremost, the median household income is high enough that many homeowners are able to use their home equity as a source of financial stability. Additionally, there are relatively few homes for sale in this zip code, which means that there is limited competition for these homes and thus they are able to command higher prices than similar homes in other areas. Finally, Iuka is located in an area with strong economic growth prospects and thus there is likely to be continued demand for housing here over the long term. Taken together, these factors account for a significant portion of the high home equity values found in this zip code.