39174, Tougaloo, MS

Home Equity in the 39174 Zip Code of Tougaloo, MS

The 39174 zip code of Tougaloo, MS has a median home equity of $137,200. This is significantly higher than the national median home equity of $81,200. The following table shows the percentage of zip code residents with home equity above the national average.

Percentage of Zip Code Residents with Home Equity Above National Average (%)

There are several factors that contribute to this high home equity in the Tougaloo zip code. First, there is a large concentration of college-educated adults in this area which likely contributes to higher incomes and greater savings opportunities. Second, Tougaloo is located in one of the most expensive regions in Mississippi and has a low unemployment rate which also leads to increased household wealth. Finally, homes in this area tend to be larger and more expensive than those found elsewhere in Mississippi. Taken together, these factors lead to a high level of homeownership within the 39174 zip code.