46120, Cloverdale, IN

The 46120 zip code of Cloverdale, Indiana has a population of around 10,000 people. The median household income in this zip code is $60,000 which is above the national median household income of $53,046. The home equity and home prices in this zip code are both very high.

The average home value in the 46120 zip code is $225,500 which is more than twice the national average home value of $117,500. The average home equity in this zip code is $236,250 which is also more than twice the national average home equity of $116,200. This high level of home equity indicates that many residents in the 46120 zip code are able to borrow against their homes to purchase additional assets or pay off debts.

The 46120 zip code has a very high level of homeownership rate which is above the national homeownership rate of 63%. This high level of homeownership indicates that many residents in this zip code are able to rely on their homes as their primary source of income. Additionally, the low level of foreclosure activity in this area suggests that many residents are able to keep their homes even if they experience financial difficulties.