43107, Bremen, OH

Home Equity and Home Prices in the 43107 Zip Code of Bremen, OH

The 43107 zip code of Bremen, OH has a median home value of $128,000. This is lower than the statewide median home value of $181,600. The average home value in this zip code is also lower than the national average home value of $217,500.

There are a number of factors that could contribute to the low home values in this zip code. One reason may be that there are fewer homes for sale in this area than other areas of the state or country. Additionally, many homeowners in this area may be underwater on their mortgages and have difficulty selling their homes due to their debt burden.

Despite these challenges, there are still some homeowners who have been able to achieve significant equity gains in their homes over time. For example, one homeowner who purchased his home in 2006 for $130,000 has seen his home value increase by over 50% since then and now owns it for $176,000. In contrast, another homeowner who purchased his home in 2007 for $145,000 has seen his home value decrease by over 25% since then and now owns it for only $127,500.

Overall though, despite the low median values and high rates of homeownership within this zip code (68%), there is still potential for significant equity gains if you are patient enough and understand what factors may be affecting your specific situation.