45719, Chauncey, OH

The 45719 zip code of Chauncey, OH has a median home value of $119,900 and a median home equity value of $137,000. This is significantly higher than the national median home value of $81,500 and the national median home equity value of $128,200. The 45719 zip code also has a significantly higher than average rate of homeownership at 87%. This indicates that there are a majority of households in this zip code who own their homes outright or have significant equity in their homes. Additionally, the 45719 zip code has a significantly lower than average rate of mortgage delinquency at 2%. This indicates that most households in this zip code are able to maintain their homes without any difficulty.

One reason why the 45719 zip code is so wealthy is likely due to its high rate of homeownership. Owning your own home provides many benefits such as increased security and independence. Additionally, owning your own home can be an excellent investment opportunity as house prices tend to rise over time. As long as you are able to keep up with your mortgage payments and maintain your property's health, owning your own home should be an excellent financial decision for anyone living in the 45719 zip code.