89705, Carson City, NV

Home Equity and Home Prices in Carson City, NV

The home equity and home prices in the 89705 zip code of Carson City, NV are very high. The median home value in this zip code is $269,000, which is more than triple the national median home value of $100,000. The average home equity in this zip code is also very high at $142,000. This means that homeowners in this zip code have a lot of equity in their homes.

One reason why the home values and home equity are so high in this zip code is because there are a lot of wealthy people living here. The percentage of households earning over $200,000 per year is higher than the national average of 23%. Additionally, there are a lot of jobs available here that pay well above the national average wage. Therefore, it is not surprising that so many homeowners have a lot of equity in their homes.

However, not all homeowners in this zip code have such high levels of equity in their homes. There are a number of households who owe more on their mortgages than their homes are worth. This means that they may be at risk if interest rates rise or if they lose their jobs. Additionally, there are a number of homeowners who bought their homes before the housing market crash and did not get as much money for them as they expected. These homeowners may now find themselves struggling to pay off their mortgages and may face foreclosure proceedings if they cannot do so quickly enough.