39701, Columbus, MS

The 39701 zip code of Columbus, MS has a population of around 104,000 people. The median household income in this zip code is $50,000 which is lower than the national median household income of $53,046. The percentage of households that are owner-occupied is lower than the national percentage of owner-occupied households at around 63%. Around 36% of households in this zip code have a mortgage which is higher than the national percentage of 27%. Home equity in this zip code is around $128,000 which is lower than the national home equity average of $225,000.

There are a number of factors that could be contributing to the low home equity in this zip code. One reason could be that there are a lot more renters in this zip code than homeowners. Another reason could be that many homeowners may not have enough money saved up to cover their mortgage and other associated costs such as repairs and maintenance. Additionally, home prices in Columbus, MS have been decreasing over the past few years which could also be contributing to low home equity levels.