43537, Maumee, OH

Home Equity and Home Prices in the 43537 Zip Code of Maumee, OH

There are a number of factors that affect home equity and home prices. The most important factor is the market conditions. In general, the more expensive the area, the higher the home equity and home prices. However, there are a number of exceptions to this rule. For example, if you live in an area that has been hit hard by the recession, your home equity may be lower than if you lived in an area that has not been affected as much by the recession. Another important factor is your credit score. If you have a good credit score, your home equity may be higher than if you have a poor credit score. Finally, your monthly mortgage payment affects your home equity because it reduces how much money you have left over after paying other bills each month.

According to Zillow’s recent report on Ohio’s housing market conditions, Maumee had median house values of $130,000 as of September 2017 which was above both the statewide median value ($119,500) and national median value ($177,600). This indicates that Maumee is relatively affordable when compared to other areas in Ohio and across the United States. Additionally Zillow reports that while prices increased 4% year-over-year from September 2016 to September 2017 they were still below their long term trendline which suggests that there may still be some room for price growth in this market over time without reaching unsustainable levels.

While there are many factors affecting home equity and home prices it is important to keep in mind that these values can vary significantly depending on location within a given market as well as individual circumstances such as credit score or current mortgage rate situation