43050, Mount Vernon, OH

The 43050 zip code of Mount Vernon, OH has a median home value of $101,000. This is significantly lower than the statewide median home value of $181,500. The 43050 zip code also has a low home equity rate of just 5.8%. This means that only a small percentage of homes in this zip code have more than the original purchase price of the home equity loan.

This low level of home equity may be due to several factors. First, Mount Vernon is a relatively affordable city compared to other areas in Ohio. Second, many homeowners in this zip code are still paying off their mortgages or have limited available credit due to past credit problems. Finally, many homes in this zip code are older and may not be worth as much as newer homes.