45065, South Lebanon, OH

The 45065 zip code of South Lebanon, OH has a population of approximately 2,000 people. The median household income in this zip code is $41,500 and the median home value is $128,000. Home equity in this zip code is currently at an all-time high with values increasing by an average of 7.5% annually over the past five years. This strong growth can be attributed to both strong demand and limited supply in the area.

There are a number of factors that have contributed to the increase in home values in South Lebanon:

1) The local economy has been growing steadily over the past few years, which has led to increased demand for housing and increased spending on other goods and services.

2) The population density in this area is low, which allows for more homes to be built per capita than many other areas. This low density also leads to increased demand for property because it makes it easier for buyers to find a suitable home within their budget.

3) The local schools are among the best in Ohio, which attracts families who want their children to have access to excellent education opportunities. This influx of affluent families has driven up prices for homes near popular schools.

4) There is limited supply of properties available for sale in South Lebanon, which has led to elevated prices and sustained growth over the long term. Developers are reluctant to build new homes here because there is already such high demand and there is no guarantee that buyers will be able to purchase these homes at current prices once they become available for sale. As a result, only a small percentage of new homes being built in South Lebanon are located within the city limits – most new construction takes place outside of town on larger lots that typically sell for much higher prices than properties within city limits do.