70791, Zachary, LA

The Zachary, LA home equity and home prices are very high. The median home value in the zip code is $225,000 and the median home equity is $146,000. This indicates that a majority of homes in the Zachary area are worth a significant amount more than what is owed on them. This high level of home equity may be due to the many affluent residents in the area or it could be indicative of an overall healthy housing market.

Despite the high levels of home equity, there has been a recent trend of homeowners refinancing their mortgages in order to take advantage of historically low interest rates. This suggests that homeowners feel confident about their ability to maintain their homes and appreciate how valuable they are in today’s market. It will be important to monitor this trend over time as it could indicate that there is some potential for price appreciation in the near future.