45388, Yorkshire, OH

Home Equity and Home Prices in the 45388 Zip Code of Yorkshire, OH

The home equity and home prices in the 45388 zip code of Yorkshire, OH are very high. The median home value in this zip code is $269,000, which is more than double the national median home value of $135,000. Additionally, the percentage of homes that are worth more than their original purchase price is also high in this zip code. For example, approximately 78% of homes in this zip code are worth more than their original purchase price. This is much higher than the national average of 54%.

One reason for this high level of home equity and home prices in the 45388 zip code of Yorkshire, OH may be due to its strong economy. The unemployment rate here is only 3%, which is much lower than the national average unemployment rate of 6%. Additionally, wages are also relatively high in this area. As a result, it may be easier for people to afford a house that is worth more than their original purchase price.

Despite these positive factors, there are some risks associated with buying a house in the 45388 zip code of Yorkshire, OH. One risk is that interest rates could rise over time and make it harder for people to afford their houses. Another risk is that there could be a housing market crash that would cause people's homes to lose value quickly.