39192, West, MS

Home Equity and Home Prices in the 39192 Zip Code of West, MS

The 39192 zip code of West, MS has a median home value of $135,000. This is lower than the national median home value of $177,500. The 39192 zip code also has a lower than average home equity percentage at 57%. This indicates that there are more homes with negative equity (less than the current market value) in this zip code than average.

Despite these lower home values and home equity percentages, the 39192 zip code still has a high rate of homeownership at 87%. This indicates that many people in this area are able to afford their homes without relying on outside sources such as loans or mortgages. Additionally, the average commute time to work is only 22 minutes which is below the national average of 26 minutes.

Overall, it seems that people in the 39192 zip code are able to make do with less-than-average home values and home equity percentages. This may be due to low rates of unemployment and poverty in this area or simply because many people own their homes outright rather than relying on outside sources of financing.