42378, Whitesville, KY

The 42378 zip code of Whitesville, KY has a median home value of $119,000. The home equity in this zip code is $41,000. This means that there is about one-third of the homes in this zip code with more equity than the median home value. Additionally, there are a total of 38 homes in this zip code that have a value above $200,000. This is significantly higher than the national average of just over 20%.

There are several factors that could contribute to the high home equity and values in this zip code. First and foremost, Whitesville is an affluent area with a high percentage of households earning over $100,000 per year. Additionally, Whitesville has low levels of unemployment and poverty which could lead to increased demand for housing and increased prices. Finally, Whitesville has a strong economy with steady job growth which could also lead to increased demand for housing and prices.

Despite these positive factors, there are some challenges facing homeowners in the 42378 zip code. One challenge is that interest rates are currently at historic lows which makes it difficult for homeowners to get loans for larger purchases such as homes or cars. Additionally, the current market conditions may make it difficult for some homeowners to sell their homes for their original asking price given the current low inventory levels and increasing demand from buyers.