44260, Mogadore, OH

Mogadore, Ohio is located in the southwestern corner of the state and has a population of just over 10,000 people. The median household income in the 44260 zip code is just over $50,000, which is lower than the statewide median income of $51,046. However, home prices in Mogadore are much higher than the statewide median home price of $135,000. In fact, as of March 2016, the median home value in Mogadore was $225,000.

There are a number of factors that contribute to high home values in Mogadore. First and foremost is its location: Mogadore is situated within close proximity to both Cincinnati and Dayton. These two major metropolitan areas have a large population and a strong economy, which has led to increased demand for housing throughout Ohio. Additionally, Mogadore has experienced strong growth over the past few years; as a result, there are now more homes available for sale than there are buyers willing to purchase them. Finally, many homeowners in Mogadore have taken advantage of generous incentives offered by local governments; these incentives (such as low-interest loans or tax breaks) can significantly increase the value of a home. Taken together, these factors have resulted in an extremely high rate of home ownership (84%) and very high rates of home equity (87% for single-family homes and 94% for condos).

Despite these high rates of homeownership and equity , there are some indications that the market may be starting to soften . For example , sales activity has slowed down since 2014 ; furthermore , inventory levels have been increasing at a slower rate recently . This suggests that either buyers are becoming more selective or that sellers are starting to receive higher offers from potential buyers . Either way , it's likely that prices will continue to rise in Mogadore over time .