45810, Ada, OH

The 45810 zip code of Ada, OH has a median home value of $141,000 and a median home equity value of $101,000. This is higher than the statewide median home value of $123,500 and the national median home equity value of $106,800. The 45810 zip code also has a lower than average homeownership rate at just 54%. This is lower than the statewide homeownership rate of 59% and the national homeownership rate of 65%.

There are several factors that may contribute to the high home values in the 45810 zip code. First, Ada is located in one of Ohio's most affluent counties. Second, Ada has a low population density which allows for more land per capita and thus greater potential for increased property values. Third, Ada has a strong economy with many jobs in healthcare, technology, and other high-paying industries. Fourth, there is limited available housing stock which drives up prices as demand outstrips supply. Finally, Ada residents have an average credit score which may lead to favorable lending conditions for buyers seeking to purchase homes in this area.