29223, Columbia, SC

The 29223 zip code of Columbia, SC has a population of around 103,000 people. The median household income in this zip code is $60,000 which is about average for the state of South Carolina. However, the home equity and home prices in this zip code are significantly higher than average. In fact, according to Zillow, the median home value in this zip code is $269,500 which is more than twice the statewide median home value of $130,000.

One reason that the home equity and home prices in this zip code are so high is that there are a lot of wealthy residents living in this area. According to Forbes magazine, there are around 20 billionaires living in Columbia, SC which makes it one of the wealthiest cities in America. Additionally, many affluent families have decided to move into this area over the past few years because it has excellent schools and plenty of amenities. As a result, there is a lot of competition for homes available in this zip code and prices have increased accordingly.

Despite the high prices tag associated with homes located in 29223 zip code, it does appear that some homeowners are able to profit from their investments over time. In fact, according to Zillow’s Home Value Index data for Columbia County (which includes 29223), homeowners who bought their homes between 2004 and 2014 have seen their median home values increase by an average of 84%. This indicates that even if you don’t live in29223 zip code now – odds are good that you will be able to purchase a property here at some point during your lifetime if you have enough money saved up.