45015, Hamilton, OH

Home Equity and Home Prices in the 45015 Zip Code of Hamilton, OH

The home equity and home prices in the 45015 zip code of Hamilton, OH are both relatively high when compared to other areas of the country. This is likely due to a number of factors, including strong economic conditions and low interest rates. In addition, the area has a high population density, which means there are a lot of potential buyers and sellers.

According to Zillow’s 2018 Home Value Index report, the median home value in Hamilton is $186,900. This is well above the national median home value of $177,500. In addition, Hamilton has a higher than average percentage of homes that are valued at over $300,000 – 26%. This indicates that there is a lot of demand for high-priced homes in this area.

One reason why home values have been so high in Hamilton is because interest rates have been very low throughout much of the past few years. The Federal Reserve’s target rate for short-term borrowing has been near 0% for almost two decades now – which has made it difficult for people to borrow money to buy homes. However, this low interest rate environment may be ending soon. According to The Wall Street Journal , some economists believe that interest rates will rise by as much as 2% within the next year or two – which would make it more difficult for people to afford homes. If this happens, prices could drop slightly in Hamilton and other areas with similar housing markets.