44855, North Fairfield, OH

The 44855 zip code of North Fairfield, Ohio is located in the northeast corner of the state. The zip code has a population of just over 26,000 and an average home value of $157,500.

Home equity is a key component of many Americans’ wealth. Home equity provides homeowners with a source of financial security in times of economic uncertainty. In addition, home equity can be used to pay off debt or invest in other assets.

According to Zillow, the median home value in the 44855 zip code increased by 5% from 2016 to 2017. This growth was slightly slower than the national average (6%), but it was still above the statewide growth rate (3%).

The 44855 zip code has a relatively low unemployment rate (4%) and high levels of education attainment (41% have at least a bachelor’s degree). These factors may contribute to higher levels of home equity among residents here.

Despite these positive trends, there are some risks associated with owning a home in the 44855 zip code. One risk is that interest rates could rise over time, making it more difficult for homeowners to pay off their debt or save for future expenses. Another risk is that prices could decline if there are any major changes in the local economy or if there are any unforeseen problems with the property itself.

Overall, it appears that homeownership remains an important part of many Americans’ wealth portfolios – and the 44855 zip code continues to show strong signs of stability and growth overall.