43014, Danville, OH

The 43014 zip code of Danville, OH has a median home value of $128,000 and a median home equity value of $106,000. This is significantly lower than the national median home value of $181,500 and the national median home equity value of $130,000. The 43014 zip code also has a significantly lower percentage of homes with a mortgage than the national percentage of homes with a mortgage at 29%. This indicates that more homes in the 43014 zip code are owned outright or are not subject to traditional lending constraints.

There are several factors that may contribute to the low home values in the 43014 zip code. One potential factor is that there is less demand for homes in this area due to its relatively low population density and lack of major employment centers. Additionally, many homeowners in this area may be able to afford their mortgages without having to take on excessive amounts of debt, which could lead to slower economic growth in this area and keep prices low.