45005, Franklin, OH

The home equity and home prices in the 45005 zip code of Franklin, OH are very high. The median home value in this zip code is $236,000, which is more than double the national median home value of $116,000. In addition, the percentage of homes in this zip code that are valued at over $250,000 is also high. This indicates that there are a lot of wealthy homeowners in this area.

One reason for the high home values and percentage of homes over $250,000 in this zip code is likely due to the many affluent residents who live here. Franklin has a population density of only 2 people per square mile, which is much lower than most other areas of Ohio. This low population density means that there are a lot of empty lots and rural areas available for development, which can lead to increased prices and demand for housing.

Another reason for the high home values and percentage of homes over $250,000 in this zip code may be due to the strong economy here. Franklin has been one of Ohio's fastest-growing cities since 2010, which may have led to increased demand for housing and higher prices. Additionally, Franklin has a strong job market with plenty of opportunities for both workers and businesses. This may help to explain why there are so many wealthy homeowners living in this area