43064, Plain City, OH

Home Equity and Home Prices in Plain City, OH

There are a number of factors that affect home equity and home prices. In Plain City, OH, the average home value is $137,000. This means that homeowners in the 43064 zip code have a total equity of $87,000. The average mortgage debt for homeowners in this zip code is $151,000. This means that homeowners have a net worth of $60,000.

The market conditions for homes in Plain City are generally favorable. The unemployment rate in the area is 3%, which is lower than the national average of 4%. Additionally, there are no major natural disasters within a 100-mile radius of Plain City. These factors contribute to an overall healthy housing market.

However, there are some potential risks to consider when buying or selling a home in Plain City:

-The population growth rate for this zip code is below the national average (1% vs 2%). This could lead to increased competition for homes and decreased prices over time.

- Plain City has seen an increase in foreclosures over the past few years (from 0% to 5%). This could lead to decreased demand and decreased prices for homes that do sell.