44130, Cleveland, OH

The 44130 zip code of Cleveland, OH has a population of around 330,000 people and an average home value of $130,000. Home equity in this zip code is around $40 billion, which is about 10% of the total U.S. home equity. The reason for this high level of home equity in this zip code is likely due to the high levels of household income and wealth in Cleveland.

Household income and wealth are both important factors when it comes to home equity. In Cleveland, both household incomes and wealth are above the national averages. This means that there are a lot of households that have a lot of money available to invest in their homes. Additionally, the level of homeownership in Cleveland is also above the national average. This means that there are a lot more households that own their homes than households that rent them out or live in apartments.

Overall, it seems like home equity in the 44130 zip code of Cleveland is very high because there are many factors contributing to it. Households with a lot of money available to invest tend to have high levels of home equity, while households that own their homes tend to have higher levels than households that rent them out or live in apartments.