57225, Clark, SD

Home equity is the value of a home minus any outstanding mortgages or other liens. Home prices are the price at which a home can be sold. In Clark, SD, home equity and home prices have been on the rise for many years now. The average home equity in Clark, SD was $146,000 as of March 2017. This is up from $135,000 in March 2016 and $128,000 in March 2015. The average home price in Clark, SD was $161,500 as of March 2017. This is up from $155,000 in March 2016 and $142,500 in March 2015.

There are many factors that contribute to the rise in home values and home equity in Clark, SD. One reason is that there has been an increase in demand for homes throughout the area due to an influx of people moving into the area for work or to attend school. Additionally, there has been an increase in jobs available within the area since it has become a more popular place to live. Another reason for the increase in home values and home equity is that interest rates have remained low throughout much of this time period. This makes it cheaper for people to borrow money to buy a house than it would be if interest rates were higher. Finally, there has been an increase in housing stock within Clark over this time period which means that there are more houses available for sale than there were previously