42784, Upton, KY

The 42784 zip code of Upton, KY has a median home value of $119,000. This is lower than the statewide median home value of $177,500. The 42784 zip code also has a lower than average home equity rate of 59%. This indicates that homes in this zip code are less likely to be worth more than the amount of money that was borrowed to purchase them.

There are several factors that could contribute to the low home equity rate in the 42784 zip code. One reason may be that there are fewer homes available for sale in this area compared to other areas of Kentucky. Another reason may be that many homeowners in this area have taken out mortgages or loan extensions that allow them to keep their homes even if they cannot pay their monthly bills on time.

Despite these factors, it is still important for homeowners in the 42784 zip code to maintain an understanding of their own financial situation and make sure they are able to meet all of their obligations. If something unexpected happens and a homeowner cannot meet their mortgage payments, they may face foreclosure proceedings which could result in loss of their home equity and increased debt loads.