43119, Galloway, OH

Home Equity and Home Prices in the 43119 Zip Code of Galloway, OH

The home equity and home prices in the 43119 zip code of Galloway, OH are very important to consider when looking to purchase a home. The average home value in this zip code is $137,000, which is significantly higher than the national average of $123,000. Additionally, the percentage of homes that are owner-occupied is significantly higher than the national average of 63%. This indicates that there are a lot of people in this zip code who are comfortable owning their homes.

One reason why the home values in this zip code are so high is because there is a high concentration of affluent residents. The median household income in this zip code is $157,500, which is significantly higher than the national median household income of $53,046. Additionally, there are a lot of jobs available in Galloway that pay well above the national median wage. This means that people who live here can afford to buy a house even if their incomes aren’t as high as those living elsewhere in Ohio or the United States.

However, not everyone can afford to buy a house in this zip code. The percentage of households earning less than $30,000 per year is much lower than the national average of 20%. This indicates that there are a lot of low-income households living in Galloway and they may not be able to afford to purchase a house even if they wanted to.

Overall, it seems safe to say that homeownership rates and home values are high throughout much of Galloway due to its affluent population and well-paying jobs. However, given its lower-income population density and lacklustre job market conditions for lower earners relative to other parts Ohio or America it may not be an ideal place for everyone looking for housing affordability or stability