44483, Warren, OH

Warren, Ohio is located in the northwest corner of the state and has a population of just over 50,000. The 44483 zip code covers just over 2 square miles and has a median home value of $101,200. Home equity in this zip code is relatively high compared to other areas of the state. In fact, nearly one-third (32%) of all homes in this zip code have equity above their original purchase price. This is significantly higher than the statewide average of just under 20%.

One potential explanation for this high level of home equity is that Warren has a strong economy. The unemployment rate here is below the statewide average and both wages and housing prices have been increasing steadily for several years now. Additionally, Warren residents are generally well-educated and affluent, which may also contribute to high levels of home equity.

Despite these positive factors, there are some challenges facing homeowners in Warren. One issue is that interest rates are currently very low, which means that borrowers are paying a lot more for their homes than they would if rates were higher. Additionally, there is a limited number of available homes for sale in this area which may make it difficult for people to find an affordable place to live.