44092, Wickliffe, OH

The 44092 zip code of Wickliffe, Ohio has a population of around 16,000 people. The median household income in this zip code is $60,000, which is lower than the national median household income of $53,046. Additionally, the homeownership rate in this zip code is just 54%, which is lower than the national homeownership rate of 65%.

One reason that homeownership rates in this zip code are lower than the national average may be due to the high levels of home equity debt that residents here have. According to Zillow’s 2018 Home Equity Debt Report, nearly one-third (31%) of households in this zip code have at least one outstanding mortgage or home equity loan that is greater than 30% of their total home value. This percentage is significantly higher than the national average of just under 20%.

Another factor that may contribute to low homeownership rates in this area are the high levels of home prices. As shown by Zillow’s latest Home Price Index report, the median home price in this zip code was $164,500 as of January 2019. This makes it one of the most expensive zip codes in Ohio and one of the most expensive areas in all of America.