39212, Jackson, MS

Home equity is the difference between what a homeowner owes on their home and the value of their home. In Jackson, MS, the average home equity was $151,000 in 2016. This is up from $143,000 in 2015 and $134,000 in 2014.

The reason for this increase is likely due to several factors. One reason may be that the market has been strong overall over the past few years, so homeowners have seen their homes appreciate in value. Additionally, many homeowners may have taken advantage of low interest rates to borrow against their homes' values and have now paid off those loans. Finally, some homeowners may have decided to sell their homes sooner than they would have otherwise because they believe that prices will continue to rise.

While there are many reasons for this increase in home equity values in Jackson, MS, it's important to keep in mind that these values can change quickly and can also vary greatly from one neighborhood to another. It's always a good idea to consult with a real estate agent or mortgage lender if you're interested in buying or selling a home in Jackson – they can help you understand your options and make sure you're getting the best possible deal!