44123, Euclid, OH

The 44123 zip code of Euclid, OH is located in the Cleveland metropolitan area. The median home value in this zip code is $137,000. Home equity in this zip code has increased by 11% over the past year. The average home price in this zip code has increased by 8%.

There are a number of factors that have contributed to the increase in home equity values in the 44123 zip code of Euclid, OH. One reason is that there has been an increase in demand for homes within this area. Another reason is that interest rates have remained low throughout most of 2018, which has helped to boost home values. Additionally, many homeowners who were underwater on their mortgages have been able to refinance and receive lower interest rates on their new mortgages. This has helped to boost home equity values even further for those homeowners.

Despite these positive trends, there are still some challenges facing homeowners within the 44123 zip code of Euclid, OH when it comes to increasing their home equity values. One challenge is that there is a shortage of available homes for sale within this area. This shortage can lead to higher prices and slower sales growth for homes that do come up for sale. Additionally, many homeowners who are looking to increase their home equity value may be limited by their current mortgage payments or credit score limits.