70031, Ama, LA

The 70031 zip code of Ama, LA has a median home value of $130,000 and a median home equity value of $110,000. These values are higher than the national median home value of $123,500 and the national median home equity value of $106,250. This indicates that homeowners in the 70031 zip code are more likely to have more assets available to them than homeowners in other parts of the country.

One reason for this may be that Ama is a relatively affluent area. The 2016 American Community Survey showed that the median household income in Ama was $87,500. This is well above the national median household income of $59,039 and makes it likely that many homeowners in the 70031 zip code have saved money over time which they can use to purchase homes or invest in their property portfolio.

Another factor contributing to high home values in the 70031 zip code is limited supply. There are only 1,829 homes currently for sale in this area compared to 2,752 homes available across all U.S. ZIP codes as of February 2017 according to Zillow data. This means that there is strong demand for properties in this area which drives up prices.