39096, Lorman, MS

Home Equity and Home Prices in the 39096 Zip Code of Lorman, MS

The 39096 zip code of Lorman, MS has a median home value of $101,000. This is lower than the national median home value of $177,500. The 39096 zip code also has a lower than average home equity percentage of 44%. This means that there are more homes with a negative net worth than homes with a positive net worth in this zip code.

Despite these lower home values and home equity percentages, the 39096 zip code still has a high rate of homeownership at 73%. This is higher than the national homeownership rate of 62%. The main reason for this high rate of homeownership may be due to the low rates of mortgage delinquency and foreclosure in this area.

Despite having a high rate of homeownership, there are still many homes for sale in the 39096 zip code. There are currently 1,853 homes for sale in this area which is more than double the number of homes that were available just five years ago. This indicates that there is strong demand for housing in this area and that prices will continue to rise over time.