57334, Ethan, SD

Home Equity and Home Prices in the 57334 Zip Code of Ethan, SD

The 57334 zip code of Ethan, SD has a median home value of $123,000. This is higher than the national median home value of $77,500. The percentage of homes in this zip code that are valued at over $200,000 is high compared to other zip codes in the United States. This may be due to the high concentration of wealthy families in this area.

The average home equity loan amount in this zip code is $151,000. This is higher than the national average loan amount of $130,000. The percentage of homes with a mortgage in this zip code is also high compared to other zip codes in the United States. This may be due to the high concentration of wealthy families and their propensity for purchasing expensive homes.

Despite these high levels of home equity and mortgage ownership, there has been a recent trend towards increasing homeownership rates within this zip code. Between 2006 and 2016, homeownership rates increased from 64% to 71%. This suggests that despite being among the most affluent areas in America, there is an increasing desire among residents to own their homes rather than rent them.