44622, Dover, OH

Home Equity and Home Prices in the 44622 Zip Code of Dover, OH

The home equity and home prices in the 44622 zip code of Dover, OH are very high. The median home value in this zip code is $236,000, which is more than triple the national median home value of $102,000. The average home value in this zip code is also much higher than the statewide average of $123,500. This indicates that there are a lot of homes in this zip code that are worth a lot of money.

One reason why the homes in this zip code are so valuable is because they are located near major cities like Cleveland and Columbus. These cities have a lot of people and businesses, which means that there is a lot of demand for housing close to them. Additionally, many people who live in this zip code commute to work in one of these cities. This means that there is a high demand for housing here even though it may not be the most affordable option.

Despite being expensive, homeownership rates in this zip code are still relatively high compared to other parts of Ohio. The homeownership rate here was 66% as of 2016, which is higher than the statewide homeownership rate of 54%. This indicates that there are a lot of people who own homes here even though they may not be able to afford to pay their mortgage on top of their monthly bills.