84049, Midway, UT

The 84049 zip code of Midway, UT is located in the Salt Lake City metropolitan area. The median home value in this zip code is $225,000. As of January 2019, there were 1,868 homes for sale in this zip code. The average list price for a home in this zip code is $269,000.

As of January 2019, the median home equity in this zip code was $141,500. This means that as of that date, half of all homes in this zip code had more equity than the mortgage on those homes. The percentage of homes with more equity than the mortgage has been increasing over time; as of January 2019 it was 54%. This suggests that there are many homeowners who are able to borrow against their home equity to cover some or all of their monthly expenses.

One reason why homeowners may have more equity than their mortgage is because they may have taken advantage of low interest rates over the past few years. As interest rates have risen over time, however, many homeowners have seen their equity decrease due to higher payments on their mortgages.