44880, Sullivan, OH

Home Equity and Home Prices in the 44880 Zip Code of Sullivan, OH

Sullivan, Ohio is located in the southwestern corner of the state and is bordered by the counties of Pickaway to the north, Fairfield to the east, Licking to the south, and Madison to the west. The zip code 44880 has a population of just over 10,000 people and covers an area of just under 20 square miles.

According to recent data from Zillow®, home values in zip code 44880 have increased by 5.5% over the past year, which ranks it as one of Ohio's top performing zip codes when it comes to home value growth. This strong performance is likely due in part to Sullivan's proximity to major metropolitan areas such as Columbus (just over an hour away) and Cincinnati (just over two hours away). Additionally, many new homes are being built in this area which drives up demand for property.

Despite these positive trends, there are still some risks associated with buying or owning a home in Sullivan. One such risk is that interest rates could rise significantly over time which would cause home values to decline. Another potential issue is that there may be a shortage of available housing stock in Sullivan which could lead to higher prices and longer wait times for buyers who want to purchase a home. However, overall it appears that homeownership opportunities are still very strong in this zip code so long as you're prepared for some volatility along with the occasional challenge!