45688, Waterloo, OH

Waterloo, Ohio is located in the 45688 zip code. Home equity and home prices in this area have seen significant growth over the past few years. In 2016, home equity values in this zip code were $165,000 on average. This increased to an average of $206,000 by 2017. As of 2018, home equity values are averaging $236,000.

One reason for the increase in home equity values is that there has been a surge in demand for homes in this area. The population of Waterloo has grown by 10% since 2010 and is projected to grow by another 5% by 2020. This growth has led to an increase in demand for homes and consequently an increase in home prices.

Another factor contributing to the rise in home prices is the low interest rates currently available on mortgages. Rates have been low for quite some time now and as a result many people are able to borrow more money than they would have been able to before. This increases the value of homes because it allows people to buy them outright rather than having to pay back a loan over time with higher interest rates.

Overall, it appears that there is strong demand for homes in Waterloo and consequently strong growth in home equity values as well as home prices. If you are looking to buy or sell a property within this zip code, it would be wise to consult with a real estate agent who can help you assess your options and make sure you get the best possible deal