46176, Shelbyville, IN

Home Equity and Home Prices in the 46176 Zip Code of Shelbyville, IN

The 46176 zip code of Shelbyville, IN has a median home value of $119,000. This is lower than the Indiana median home value of $146,500. The average home value in this zip code is also lower than the national average home value of $181,200. There are a number of factors that could contribute to these low home values in this zip code. Some potential reasons include low population density and a lack of available homes for sale. Additionally, there may be less demand for homes in this area because it is not close to major metropolitan areas.

Despite these factors, there are still some homeowners who have managed to achieve high home equity levels in the 46176 zip code. Those who have invested wisely and maintained their homes over time have seen their equity increase significantly over time. In fact, one homeowner in this zip code has seen their equity grow by more than 600%. This demonstrates that even though home values are lower here compared to other areas within Indiana, there are still opportunities for homeowners to achieve significant gains if they stay disciplined with their spending and investments.