44039, North Ridgeville, OH

The 44039 zip code of North Ridgeville, Ohio is located in the northeast corner of the state and includes a population of just over 30,000. The median home value in this zip code is $137,500 and the median home equity is $101,600. This means that approximately one-third of all homes in this zip code are worth more than their mortgage balance and one-sixth of all homes have more equity than their original purchase price.

Home prices in North Ridgeville have been steadily increasing over the past few years. The average home value increased by 8% between 2013 and 2016 while the statewide average increase was 5%. This trend is likely due to several factors including low interest rates, strong job growth in Northeast Ohio, and limited supply of homes for sale.

While there are some areas of North Ridgeville where prices are higher than others, the overall trend suggests that homeownership opportunities are still available for those who want them. Home equity can be used to pay down debt or invest in other assets such as stocks or real estate. So whether you're looking to buy your first home or update your current one, it's important to know what's happening in your neighborhood so you can make informed decisions about where to live.