39209, Jackson, MS

Home equity is a measure of how much equity homeowners have in their homes. Home prices are the price at which homes are sold or offered for sale. Both home equity and home prices can change over time, and they can also be affected by factors such as interest rates, inflation, and market conditions.

In the 39209 zip code of Jackson, MS, home equity averaged $144,000 in 2016. This was up from $135,000 in 2015 and $128,000 in 2014. The average home price was $166,500 in 2016. This was up from $154,500 in 2015 and $141,500 in 2014. In both 2016 and 2017 there were more sales than the year before (2016 had 527 sales while 2017 had 539 sales). However it should be noted that this does not necessarily mean that the value of homes has increased; it could simply reflect that there are more houses for sale at these higher prices.

It is important to keep in mind that while home values may be increasing or decreasing over time within a given zip code or city area, this does not necessarily mean that everyone living within those boundaries is benefiting equally from those changes. For example: if many of the people who live near a high-value area also happen to have high incomes (or vice versa), they may be able to afford to buy or sell property even if the average resident's home value decreases slightly due to increased competition among buyers or decreased demand because of low income levels elsewhere in the area. Conversely, if many low-income residents live near a high-value area (or vice versa), they may find themselves struggling even when average home values increase due to limited access to affordable housing options elsewhere within their city or zip code boundary.