45809, Gomer, OH

The 45809 zip code of Gomer, OH has a median home value of $128,000 and a median home equity value of $146,000. These values are significantly higher than the national median home value of $123,500 and median home equity value of $102,000. The high home values in the Gomer zip code may be due to its close proximity to major metropolitan areas such as Cleveland and Columbus. Additionally, the area is affluent and populated by wealthy individuals who may be able to afford higher prices for homes.

Despite the high home values in the Gomer zip code, there is evidence that there is a bubble in the housing market. The recent increase in house prices has been unsustainable and may eventually lead to a crash. In order to avoid this scenario, it is important for homeowners in the Gomer zip code to maintain their homes by making sure they are up-to-date on their mortgage payments and maintaining proper insurance coverage. If necessary, they can also consider selling their homes at an inflated price before the market crashes.