46157, Monrovia, IN

Home Equity and Home Prices in the 46157 Zip Code of Monrovia, IN

The 46157 zip code of Monrovia, IN has a median home value of $119,000. This is lower than the Indiana median home value of $146,500. The 46157 zip code also has a lower than average percentage of homeowners with equity in their homes (44%).

There are several factors that could contribute to this discrepancy. One reason may be that the population in this zip code is older and more likely to have retired. Additionally, many people who live in this area may not have had the opportunity to build up significant equity in their homes over time.

Despite these disparities, there are still a number of homeowners in the 46157 zip code who are able to benefit from strong home values and high levels of equity. These individuals may be able to use their home as collateral for a loan or use it as security for a mortgage on another property. In addition, homeowners who have built up significant equity in their homes may be able to sell them at a higher price than they would if they were located elsewhere in Indiana or nationwide.