42452, Robards, KY

The 42452 zip code of Robards, KY has a median home value of $128,000. This is significantly lower than the national median home value of $217,500. The 42452 zip code also has a low home equity rate of just 5.5%. This means that there are a lot of homes in this zip code that are worth less than their mortgages.

There are several factors that could be contributing to the low home equity rate in the 42452 zip code. One possibility is that there are a lot of homes in this zip code that were built before the 2008 housing crash. These homes may not be worth as much now due to depreciation and inflation. Another possibility is that there are a lot of homes in this zip code that have been foreclosed on or are in foreclosure proceedings. These homes may not be worth as much because they're considered risky investments by lenders.

Despite the low home equity rate, many homeowners in the 42452 zip code still feel like their homes are worth more than their mortgages. This is likely because Robards, KY is a relatively affordable place to live compared to other parts of Kentucky and the United States as a whole. Additionally, many homeowners may be able to get help from government programs like mortgage assistance or loan modifications to help them stay in their homes despite having low home equity rates.