44131, Independence, OH

The 44131 zip code of Independence, OH has a median home value of $161,000. This is significantly lower than the statewide median home value of $205,000. The 44131 zip code also has a low rate of homeownership at just 49%. This is in stark contrast to the statewide homeownership rate of 66%. The 44131 zip code also has a high rate of unemployment at 10%. This is in line with the statewide unemployment rate of 9%.

One potential explanation for these disparities could be that the 44131 zip code is more likely to be populated by people who are struggling financially. For example, this zip code has a high rate of unemployment and low homeownership rates. These factors could lead to lower home values and higher rates of unemployment.

On the other hand, some factors that may contribute to higher home values in this zip code include its proximity to downtown Independence and its high rate of population growth over the past few years. These factors could lead to increased demand for housing and higher home values.