46032, Carmel, IN

The 46032 zip code of Carmel, IN has a median home value of $236,000. This is significantly higher than the Indiana median home value of $146,500. The 46032 zip code also has a high percentage of homeowners with equity in their homes. In fact, over 60% of households in the 46032 zip code have equity in their homes. This high level of equity is likely due to the strong economy and low interest rates currently experienced by homeowners in the 46032 zip code.

Despite the high level of equity in homes in the 46032 zip code, there is still some concern that home prices could decline in the future. One reason for this concern is that many homeowners are using their home equity to purchase additional property or invest in other assets outside of their primary residence. If interest rates increase or the economy weakens, these investments may not be as profitable and could result in a decrease in home prices within the 46032 zip code.