45631, Gallipolis, OH

The 45631 zip code of Gallipolis, OH has a population of around 16,000 people and a median household income of $50,000. The home equity in this zip code is around $280,000. This means that the average homeowner in this zip code has around $128,000 in home equity.

Home prices in the 45631 zip code have been increasing steadily over the past few years. In January of 2019, the median home price was $269,900. This is up from $248,500 in January of 2018 and up from $236,100 in January of 2017. Over the past five years (January 2013 to January 2019), the median home price has increased by 54%.

This increase in home prices is likely due to several factors. First and foremost is that there are relatively few homes for sale in this zip code compared to other areas of Ohio. This means that there is more competition for homes which drives up prices. Additionally, Gallipolis is located close to both Columbus and Cincinnati which are two major metropolitan areas with a large number of jobs and people looking to buy homes. Finally, recent economic trends have been very positive for homeownership rates which may also be contributing to increased home values in this area