44843, Lucas, OH

Lucas, OH is located in the northeastern corner of Ohio and has a population of just over 10,000. The 44843 zip code covers just over 2 square miles and has a median home value of $101,000. Home prices have been on the rise in Lucas for the past several years, with values increasing by an average of 7% annually between 2013 and 2017. This trend is likely to continue as Lucas continues to experience strong job growth and low unemployment rates.

As home values increase in Lucas, so too does the amount that homeowners can borrow against their homes. In 2017, homeowners in the 44843 zip code could borrow an average of $187,500 against their homes. This amount is higher than the national average but still relatively low when compared to other areas of Ohio or nationwide. Additionally, mortgage rates have remained relatively stable throughout most of 2018 despite recent increases seen across many other markets. This stability may be due to increased demand for mortgage products from consumers who are confident about continued economic growth in Lucas and across Ohio overall.

While there are some potential risks associated with rising home prices (e.g., increased risk of default), overall it appears that homeownership and investment opportunities in Lucas remain strong prospects for those looking to invest in property."