43613, Toledo, OH

The 43613 zip code of Toledo, OH has a median home value of $119,000 and a median home equity value of $101,000. This is higher than the national median home value of $117,500 and the regional median home equity value of $93,700. The 43613 zip code also has a lower than average homeownership rate at just 54%. This may be due to the high cost of housing in Toledo or the low number of homes for sale in this area.

Despite having a high home equity value, many homeowners in the 43613 zip code are still struggling to pay off their mortgages. In fact, over 33% of homeowners in this area have more than 30% remaining on their mortgage. Additionally, nearly one-third (30%) of homeowners in this area have less than 20% remaining on their mortgage. This suggests that many homeowners are still struggling to make ends meet even with a high home equity value.

On the other hand, there is evidence that some homeowners are doing well financially despite having a low home equity value. Nearly half (48%) of homeowner households in this area have an annual income greater than $100,000. Additionally, only 2% of homeowner households in this area have an annual income below $25,000. These findings suggest that even though most homeowners in the 43613 zip code have low levels of home equity relative to other areas around the country, they are still able to generate significant incomes and maintain strong credit ratings.