43942, Powhatan Point, OH

The 43942 zip code of Powhatan Point, OH is located in the southeastern corner of Lucas County and has a population of approximately 9,000. The median household income in this zip code is $92,500 and the median home value is $269,900. The percentage of homes that are owner-occupied is approximately 78%, while the percentage of homes that are renter-occupied is approximately 22%.

There has been a significant increase in home equity and home prices in the 43942 zip code over the past five years. In 2012, the median home value was $236,000 and the median home equity was $128,000. By 2016, these values had increased to $269,900 and $187,600 respectively. This represents an increase of 56% over five years!

One reason for this increase may be due to strong economic growth in Lucas County over this period. Between 2012 and 2016 there was a cumulative growth rate of 2.5%, which is above Ohio’s average growth rate during this time period (1%). Additionally, jobs in Lucas County have been growing faster than average since 2012 (3%). These factors may have led to more people buying or upgrading their homes over the past few years.

Despite these positive trends, there are some risks associated with buying or owning a home in the 43942 zip code. One risk is that interest rates could rise significantly over time and make it more difficult for homeowners to pay off their mortgages. Another risk is that prices could decrease significantly if there are any major changes in economic conditions (e.g., a recession). However, overall it appears that homeownership rates and home values have increased significantly in this area over recent years and Powhatan Point residents should feel confident about their investments here!