57021, Davis, SD

Home equity is the difference between the market value of a home and what a homeowner owes on their mortgage. In Davis, SD, the average home equity was $137,000 in 2016. This means that homeowners had more than enough money left over after paying their mortgages and other bills to cover any potential losses on their homes.

The Davis zip code has seen strong growth in home values over the past few years. The median home value in Davis was $183,500 in 2016, an increase of 8% from 2015. This trend is likely to continue as more people move into the area and demand increases for properties within reach of good schools and job opportunities.

While there are some risks associated with buying a home in Davis (e.g., interest rates could go up), overall it appears that homeownership is still a solid investment option in this area.