44875, Shelby, OH

The 44875 zip code of Shelby, OH is located in the northeast corner of the state and has a population of just over 21,000. Home prices in this zip code have been increasing steadily for the past several years, reaching a peak in 2017 before beginning to decline. At present, home prices are estimated to be approximately $146,000.

One reason that home prices have increased so much in this zip code is that it is located in a desirable area. Shelby is located just outside of Cincinnati and has many amenities that make it an attractive place to live, including excellent schools and plenty of shopping and dining options. Additionally, the area has low unemployment rates and a strong economy overall.

Despite these positive factors, there are some risks associated with buying a home in Shelby. First, although the economy is strong overall, there may be times when jobs are scarce or pay less than expected. This could lead to difficulty finding a mortgage or paying off debt on a home purchase. Second, although housing prices have been increasing steadily for several years now, they may not continue doing so indefinitely. If interest rates rise or another market downturn occurs, homeowners could find themselves facing significant financial challenges if they do not have enough equity in their homes to cover those costs.