38901, Grenada, MS

Grenada, MS is located in the southeastern region of Mississippi. The 38901 zip code covers a total area of 5.5 square miles and has a population of 10,000 people. Home equity is an important part of homeownership in the United States, and it is especially important in areas where there are high levels of unemployment or poverty.

There are several factors that can affect home equity values in a given area. The overall economy can have an impact on home prices, as can the availability and cost of credit. Changes in interest rates also can have an impact on home values, as can changes in local real estate market conditions.

In Grenada, MS, home equity values have been increasing steadily over the past few years. In 2013, the median home value was $127,000. This increased to $142,500 by 2016 and then to $157,500 by 2017. Over the past three years alone, home equity values have increased by almost 25%.

While there are some variations across different parts of Grenada (due to factors such as population density and access to amenities), overall median home values are higher than average for Mississippi counties and zip codes. This suggests that there is strong demand for housing in Grenada – both from local residents who want to buy homes outright or borrow against their homes’ value for other purposes (such as paying off debts or investing), and from people who want to invest in homes through mortgages or other forms of financing.

Given these trends – rising home equity values coupled with steady demand – it seems likely that prices will continue to increase over the next few years in Grenada (and perhaps beyond). If you are thinking about buying a house or refinancing your current mortgage in this area – now may be a good time to do so!