44811, Bellevue, OH

Bellevue, Ohio is located in the Cincinnati metropolitan area. The 44811 zip code covers a total of 5.5 square miles and has a population of approximately 43,000 people. Home equity is an important part of household wealth and can be used to pay off debt, purchase additional assets, or provide financial stability during difficult times.

According to Zillow’s 2017 National Housing Survey, the median home value in Bellevue was $216,700. This represents a 6% increase from 2016 and indicates that the market is continuing to recover from the housing crisis of 2007-2009. In addition, Bellevue has one of the highest home equity rates in Ohio at 10%. This indicates that homeowners have a high degree of access to their home equity which can be used for various purposes such as paying off debt or purchasing additional assets.

Despite these positive trends, there are still areas where improvement can be made. For example, Bellevue ranks #2 on Zillow’s list of “most overvalued ZIP codes” with a median home value that is 33% above its fair market value. Additionally, Bellevue has one of the lowest homeownership rates in Ohio at 63%. This suggests that there are many potential buyers who are not currently accessing their home equity due to its high value or low availability rate.