45346, New Madison, OH

Home Equity and Home Prices in the 45346 Zip Code of New Madison, OH

The home equity and home prices in the 45346 zip code of New Madison, OH are very high. The median home value in this zip code is $236,000, which is more than triple the national median home value of $76,500. Additionally, the percentage of homes that are worth more than their original purchase price is also very high in this zip code. Over 60% of homes in this zip code are worth more than their original purchase price. This indicates that there is a lot of wealth and opportunity available to residents in this area.

One reason why the home equity and home prices in this zip code are so high is because there is a lot of wealth and opportunity available to residents here. The median household income in this zip code is $101,000, which is higher than the national median household income of $53,046. Additionally, over 30% of households in this zip code have at least one college degree, which is higher than the national average of 23%. This indicates that there are a lot of educated and affluent residents living in this area.

Another reason why the home equity and home prices are so high in this zipcode is because there are a lot of new homes being built here. Over 60%of homes here were built within the last five years, which is much higher than the national averageof 40%. This indicates that there is a lot of new construction happening here and that there will be even more opportunities for homeownership as time goes on.