46057, Michigantown, IN

Home Equity in Michigantown, IN

Michigantown is located in the 46057 zip code which has a median home value of $143,700. This means that home equity in this zip code is on average $43,700 higher than the Indiana median home value of $130,800. The 46057 zip code has a median household income of $60,000 which is lower than the Indiana median household income of $70,000. This indicates that there are more households in Michigantown that are struggling to make ends meet and have less available cash flow to invest in their homes.

The graph below shows how home equity changes over time for different ZIP codes within Indiana. As you can see, ZIP code 46057 experiences a larger increase in home equity than any other ZIP code within Indiana from 2000-2015. This indicates that Michigantown residents have been able to achieve a higher level of homeownership than most other Hoosiers over this period of time.

Home Prices in Michigantown, IN

The graph below shows how home prices change over time for different ZIP codes within Indiana. As you can see, ZIP code 46057 experiences a larger increase in home prices than any other ZIP code within Indiana from 2000-2015. This indicates that Michigantown residents have been able to achieve a higher level of homeownership than most other Hoosiers over this period of time.