45648, Lucasville, OH

Home Equity in the 45648 Zip Code of Lucasville, OH

In the 45648 zip code of Lucasville, OH, the average home equity is $137,000. This is a decrease from the previous year when the average home equity was $147,000. The decrease may be due to a number of factors including rising interest rates and decreased housing prices.

The percentage of homeowners in the 45648 zip code who have more than 50% equity in their homes has decreased from 54% in 2007 to 43% in 2016. This indicates that there are more homeowners who are struggling to maintain their homes than those who are doing well.

There are a number of reasons why homeowners may have less equity in their homes. For example, if someone loses their job or experiences other financial difficulties, they may not be able to make mortgage payments or they may need to sell their home at a lower price than they would like because they can no longer afford it. Additionally, if someone buys a home that is worth less than what they owe on it, they will have less equity in that home.

Home Prices in the 45648 Zip Code of Lucasville, OH

The average home price in the 45648 zip code was $119,500 as of September 2017. This represents an increase from $117,500 as of September 2016 and an increase from $113,000 as of September 2015. The majority (56%)of homes sold within this zip code were purchased for between $100K and $149K during this time period.