57792, White Owl, SD

Home equity is the difference between the market value of a home and what a homeowner owes on their mortgage. Home prices are the price at which homes are sold in an area. Both home equity and home prices can change over time, depending on many factors including interest rates, inflation, and changes in the local market.

According to Zillow, as of March 2018, the median home value in White Owl was $128,900. This means that half of all homes in this zip code were worth more than $128,900 and half were worth less. Over the past year (March 2017-March 2018), the median home value increased by 2%. However, over the past five years (March 2012-March 2017), the median home value has decreased by 5%. This suggests that there may be some instability in prices within this zip code over time.

When looking at home equity alone, it appears that White Owl residents have a positive net worth overall. As of March 2018, homeowners' total equity was $101,600 (+11%). This means that even though their homes have decreased in value since 2012 (-5%), they still have more money invested in their homes than they originally owed on their mortgages. Additionally, when looking at just single-family detached homes specifically within White Owl zip code 57792 only 3 out of 20 (15%) are worth less than their original mortgage balance - indicating that most homeowners are doing well if they own a house here!

However when considering all types of housing within White Owl zip code 57792 - including condos/townhomes/mobile homes etc., it's clear that not everyone is doing as well financially as others: In fact according to Zillow's analysis only 1 out of every 10 housing units (10%) is worth less than its original mortgage balance! This indicates that while there may be some pockets of stability for homeowners overall - particularly those who own single family detached homes - many people are struggling to maintain or even increase their net worth through housing investment within this specific area.