57579, White River, SD

Home equity is the difference between the market value of a home and what a homeowner owes on their mortgage. In White River, SD, the median home equity was $101,200 in 2016. This means that half of all homeowners in White River had more equity in their homes than they owed on their mortgages. The average home value in White River was $119,000 in 2016. So while there are a few homeowners who owe more on their mortgages than their homes are worth, the vast majority of homeowners have more equity in their homes than what they owe on their mortgages.

Home prices vary greatly across the United States, but they tend to be higher in areas with strong economies and low unemployment rates. In White River, SD, home prices were above average for both of these factors. The median home price was $119,000 and the unemployment rate was 3%. These high prices may be due to limited supply or strong demand - either way it's good news for homeowners!