44817, Bloomdale, OH

The 44817 zip code of Bloomdale, Ohio is located in the northeast corner of the state. The zip code has a population of just over 10,000 people and an area of just under 2 square miles. Home prices in the 44817 zip code have increased significantly over the past few years, reaching a median sale price of $156,000 in 2016. This increase has been driven by strong demand from both buyers and sellers alike.

There are several factors that have contributed to this trend. First, Bloomdale is located in one of the fastest-growing areas of Ohio. The population growth rate for this zip code was 5.5% between 2010 and 2016, which is above the statewide average growth rate of 3%. Additionally, many new residents are moving into Bloomdale due to its excellent schools and qualityof life. As a result, there is already a strong demand for homes in this area and prices continue to rise as more people become interested in purchasing property here.

Another factor contributing to home prices increasing in the 44817 zip code is low interest rates. Since 2008, interest rates have been relatively low compared to other areas of the country, making it easier for buyers to afford homes without having to take on large amounts of debt. Additionally, there is a limited supply of homes available for sale in Bloomdale which has led to higher prices overall. In fact, according to Zillow’s 2018 Home Price Index report , home prices are 8% higher than they were five years ago across all U .S . ZIP codes with at least 10 thousand residents .

Despite these positive trends, there are some potential challenges that could affect home values in the 44817 zip code down the road. For example, if more people decide they no longer want to live or work in Bloomdale due to its growing popularity or if economic conditions change and job opportunities become less available nearby,. If either scenario occurs,.home values could drop significantly relativeto where they are currently situated