46143, Greenwood, IN

Greenwood, Indiana is located in the 46143 zip code. Greenwood has a population of approximately 10,000 people. Greenwood has a median household income of $60,000 and a median home value of $130,000. Greenwood's home equity and home prices are both relatively high when compared to other zip codes in the Indianapolis metropolitan area.

The average home value in the Indianapolis metropolitan area is $128,500. The average home equity in the Indianapolis metropolitan area is $146,200. Greenwood's average home equity and home prices are both higher than the Indianapolis metropolitan area averages. This indicates that Greenwood's residents are more likely to have a higher net worth than residents of other zip codes in the Indianapolis metropolitan area.

One reason for this may be that Greenwood is located in an affluent suburb of Indianapolis. Many wealthy individuals live in Greenwood or commute to work there from nearby suburbs such as Carmel and Fishers. Additionally, many homes in Greenwood were built before the recession hit and have not seen significant price decreases since then. This means that there are more homes available for purchase and less pressure on prices from competition from other areas within the metro area.

Another factor contributing to high home values and equity in Greenwood may be its low rate of homeownership relative to other parts of Indiana. Only 54% of households living in Greenwood own their homes outright compared to 69% statewide and 79% nationally (Zillow). This suggests that many people who live in Greenwood are still paying off mortgages or owe some amount on their homes which gives them more equity available to invest into their property assets."