44460, Salem, OH

Salem, Ohio is a small city located in the northwest corner of the state. With a population of just over 30,000 people, Salem is one of the smaller cities in Ohio. The 44460 zip code covers much of the city and includes most of the downtown area as well as some residential areas.

According to data from Zillow, home prices in Salem have increased by an average of 9% over the past year. This puts Salem among the top 10% of zip codes nationwide for home price growth. In addition, home equity values in this zip code are significantly higher than those found elsewhere in Ohio. As of September 2017, median home equity values in this zip code were $128,000 compared to $75,000 statewide and $64,000 nationally.

One reason for this high level of home equity is likely due to Salem's strong economy. The city has seen steady job growth over the past few years and its economy has been rated as "good" by Moody's Investors Service (MS) and "stable" by Standard & Poor's (S&P). Additionally, Salem has low levels of unemployment and poverty relative to other parts of Ohio. These factors are likely contributing factors to Salem's strong housing market conditions.

Despite these positive trends, there are some risks associated with buying or owning a home in Salem. One risk is that interest rates could rise over time which would make it more expensive to borrow money against your home equity value. Another potential risk is that house prices could decline – although this seems unlikely at present given how strongly prices have grown recently. Overall though, it appears that homes in the 44460 zip code are currently very affordable compared to other parts of Ohio and nationwide – making it an excellent choice for buyers looking for a stable investment property or first residence