46068, Sharpsville, IN

Home Equity and Home Prices in the 46068 Zip Code of Sharpsville, IN

The 46068 zip code of Sharpsville, IN has a median home value of $101,900. This is lower than the Indiana median home value of $157,500. The 46068 zip code also has a lower than average home equity value of $41,100. This means that most homeowners in the 46068 zip code have less equity in their homes than average.

The 46068 zip code has a higher than average percentage of homeowners with negative equity (less than 20% of homes have more equity). This is likely due to the low median home value and low home equity values in this area.

Despite these challenges, there are still many homeowners in the 46068 zip code who are doing well financially. The majority (61%) of homeowners in this area have positive equity (more than 20% of their homes’ value). This indicates that they have taken steps to improve their financial situation by making improvements to their homes or by using their homes as collateral for loans.

Overall, it is clear that homeownership rates and home values are lower in the 46068 zip code compared to other areas of Indiana. However, despite these challenges, many residents are still doing well financially thanks to strong home equity and loan values.