44455, Rogers, OH

The 44455 zip code of Rogers, OH has a median home value of $146,000 and a median home equity value of $119,000. These values are significantly lower than the statewide median home value of $183,500 and statewide median home equity value of $166,200. The 44455 zip code also has a significantly lower homeownership rate than the statewide homeownership rate of 66%.

One potential explanation for these low home values in the 44455 zip code is that this area is located in one of the most economically depressed counties in Ohio. According to Forbes, the county unemployment rate is currently at 10.5%, which is more than double the statewide unemployment rate of 4.9%. Additionally, Rogers County ranks as one of the poorest counties in Ohio according to WalletHub. This combination likely leads to high levels of foreclosure and short sale activity, which can depress home values.

Despite these challenges, there are some indications that prices may be starting to rebound in Rogers County. For example, Zillow recently reported that homes in Rogers County were selling faster than homes in any other county across Ohio during the third quarter of 2017. Additionally, according to Trulia's recent analysis of nationwide data, prices have increased modestly (0.8%) over the past year in Rogers County compared to an average nationwide increase of 2%. However, it will be important to watch closely for signs that this trend may continue as prices could quickly recover if economic conditions improve further in Rogers County