37325, Delano, TN

Home equity is the difference between what a homeowner owes on their home and the value of their home. The average home in the 37325 zip code of Delano, TN was worth $162,000 in 2016. This means that homeowners had a total equity of $62,000 in their homes.

The average mortgage debt for homeowners in this zip code was $131,200 in 2016. This means that homeowners owed an average of $50,600 on their mortgages.

The median home price for homes in this zip code was $129,900 in 2016. This means that half of all homes sold were worth more than this amount and half were worth less.

There has been an increase in the number of homes being sold within this zip code since 2013. This is likely due to the low unemployment rate and increasing wages across Tennessee as a whole.

While there is still some uncertainty surrounding the future of the housing market, it is clear that homeowners within this zip code are doing well financially overall.