39206, Jackson, MS

Home Equity and Home Prices in the 39206 Zip Code of Jackson, MS

The 39206 zip code of Jackson, MS has a median home value of $128,000. This is significantly lower than the state median home value of $225,000. The 39206 zip code also has a significantly lower home equity percentage than the state average of 61%. This indicates that there are more homes in this zip code that are worth less than their mortgages.

The reason for this may be due to the fact that many homes in this zip code are located in areas that have been hit hard by the recession. Additionally, many homeowners in this area have taken on large amounts of debt to purchase their homes. As a result, they may find it difficult to sell their homes for enough money to cover their mortgage and other associated costs.

Despite these challenges, there is still potential for homebuyers in the 39206 zip code to make significant gains if they are able to purchase a property at an affordable price and take appropriate steps to improve its condition. For example, updating outdated appliances and fixtures can help increase the value of a property while also making it more comfortable and inviting for potential buyers.