44280, Valley City, OH

Valley City is located in the northwestern part of the state of Ohio. According to the 2010 census, the city had a population of 10,851. The median household income was $41,914 and the median family income was $50,000. The city's unemployment rate was 5.5% in 2010.

The 44280 zip code covers an area of about 2 square miles and has a population density of about 1,700 people per square mile. About 84% of the zip code's residents are white and 12% are black. About 2% are Hispanic and 1% are Asian. The median age in the zip code is 37 years old and about 54% of its residents have a college degree or higher.

Home prices in Valley City have been increasing at a rate faster than inflation for several years now. In March 2012, home prices were up 9% from a year earlier and they were up 16% from March 2011. In March 2013, home prices were up 7%. Over the past year (March 2014-March 2015), home prices increased by an average of 6%. This increase is more than double what inflation has been averaging over this same period (2%).

One reason for this rapid increase in home values may be that there is very little inventory available for sale in Valley City right now. In March 2014 there were only 134 homes available for sale compared to 585 homes available six months earlier (in March 2013). This lack of inventory has driven up prices as buyers have had to compete against each other for scarce housing units.

Another reason for Valley City's high home values may be due to its low unemployment rate which makes it desirable place to live especially when compared to other areas around Ohio with higher unemployment rates such as Cleveland or Toledo which have seen their home values decline recently because there are more people looking to purchase homes than there are available units on which to do so