45385, Xenia, OH

Home Equity and Home Prices in the 45385 Zip Code of Xenia, OH

The home equity and home prices in the 45385 zip code of Xenia, OH are very high. The median home value in this zip code is $269,000, which is more than twice the national median home value of $123,500. Additionally, the percentage of homes that are owned outright or with a mortgage is above the national average. This indicates that there are a lot of homeowners in this zip code who are able to use their home equity to finance other investments or debts.

One reason why the home equity and home prices in this zip code are so high is because there is a lot of demand for housing here. The population density in this zip code is low compared to most other areas of the country, which means that there are fewer homes available for sale. Additionally, many people who live in this area commute to work outside of Xenia. This means that they don't have a lot of time to spend looking for or buying a house. As a result, they are more likely to be able to afford a higher-priced house than someone who lives in an area with more residents and closer access to shopping and amenities.