89702, Carson City, NV

Home Equity and Home Prices in the 89702 Zip Code of Carson City, Nevada

The zip code of 89702 in Carson City, Nevada has a median home value of $163,200. This is lower than the statewide median home value of $213,700. However, this zip code has a higher than average percentage of homes with equity (77%). This means that more homes in this zip code are worth more than what is owed on the mortgage. Additionally, this zip code has a lower than average percentage of homes that are underwater (27%). This means that more homes in this zip code are worth less than what is owed on the mortgage.

Overall, these numbers show that there is a lot of equity available in homes in the 89702 zip code. This could be an indication that there are many homeowners who would like to sell their home but cannot because it is still worth more than what they owe on the mortgage. Additionally, it could mean that there are many potential buyers who are interested in purchasing a home in this area but may not be able to afford to do so because it is still affordable compared to other areas around the country.