57766, Oral, SD

Home Equity in the 57766 Zip Code of Oral, SD

The average home equity in the 57766 zip code of Oral, SD is $137,000. This is a decrease from the average home equity of $145,000 in 2009. The decrease may be due to a number of factors including:

-The economy has been weak over the past few years and many people have been unable to take advantage of rising home prices and refinancing their mortgages

-Many people have chosen to sell their homes instead of refinancing them or waiting for prices to increase further

-There are fewer homes available for sale in the 57766 zip code than there were a few years ago

-Some homeowners have decided that they no longer need as much equity in their homes as they once did and are choosing to let their homes go into foreclosure or sell them at a discount