46237, Indianapolis, IN

Home equity is the difference between the market value of a home and the amount of money that a homeowner owes on their mortgage. In Indianapolis, home equity averaged $146,000 in 2016. This means that homeowners in Indianapolis had more than six times their original investment in their homes.

The average price of a home in Indianapolis was $119,000 in 2016. This means that homeowners were able to sell their homes for an average of 97% of their original purchase price.

Home prices have been increasing steadily throughout the 46237 zip code since 2010. In fact, according to Zillow, the median home value increased by 27% from 2010-2016.

This strong growth is likely due to several factors: low interest rates, increasing demand for housing stock, and limited supply of properties available for purchase.

While there are many benefits to owning your own home – including stability and independence – it can be difficult to maintain your equity if prices continue to rise faster than your mortgage payments. If you find yourself struggling to make your monthly payments, it may be time to consider selling your home and taking advantage of current market conditions.