57078, Yankton, SD

Home Equity and Home Prices in the 57078 Zip Code of Yankton, SD

The 57078 zip code of Yankton, SD has a median home value of $92,000. This is significantly lower than the national median home value of $217,500. The 57078 zip code also has a low home equity percentage at just 5%. This indicates that many homes in this zip code are not fully paid off.

Despite these low home equity percentages, there is still a significant demand for homes in the 57078 zip code. In fact, according to Zillow’s latest report on housing markets across the United States, this zip code ranks as one of the most affordable in South Dakota. This is likely due to its low home values and high unemployment rates.

Overall, it seems that homeownership rates and home equity percentages are slowly declining nationwide. However, there is still strong demand for homes in certain areas due to low prices and modest mortgage payments.