Zip Code:
44429 is a Ohio Zip code within the city of Lake Milton and the county of Mahoning County. Its population is roughly 2,629.
Lake Milton, Ohio is located in the 44429 zip code. The median home value in this zip code is $138,000. The home equity for homes in this zip code is $87,000. This means that the average homeowner in this zip code has over $85,000 of equity in their home.
The average price of a home in this zip code has increased by over 20% since 2007. In 2007, the average price of a home was $106,500. As of 2016, the average price of a home is $138,000. This represents an increase of over 24%.
There are a number of factors that may contribute to the increase in prices in Lake Milton:
-The population growth within this area - Between 2000 and 2010, the population within Lake Milton grew by almost 10%, which may have contributed to increased demand for housing and consequently increased prices
-Low interest rates - Since 2007, interest rates have been relatively low (3% or lower), which may have encouraged more people to invest money into buying homes rather than saving it
-Strong economy - Over the past few years there has been an overall strong economy with steady job growth and low inflation rates which may have also contributed to increasing prices
Price Index: Youngstown-Warren-Boardman, OH-PA
Zipcode | Population | Density | Timezone | Latitude | Longitude | City | County | State |
---|---|---|---|---|---|---|---|---|
44401 | 2,868 | 34.4 | America/New_York | 41.02259 | -80.94521 | Berlin Center | Mahoning County | Ohio |
44451 | 2,702 | 27.8 | America/New_York | 41.08120 | -80.86852 | North Jackson | Mahoning County | Ohio |
44412 | 2,492 | 42.1 | America/New_York | 41.09396 | -81.02478 | Diamond | Portage County | Ohio |
44411 | 2,208 | 47.8 | America/New_York | 41.03500 | -81.04871 | Deerfield | Portage County | Ohio |