46310, Demotte, IN

The home equity and home prices in the 46310 zip code of Demotte, IN are reflective of the overall market conditions in the area. The median home value in this zip code is $128,000, which is significantly lower than the statewide median home value of $217,500. Additionally, the percentage of homes that are owner-occupied is significantly lower than the statewide percentage of owner-occupied homes at 66%. This indicates that there is a significant amount of available housing for sale in this zip code but that it may not be affordable for many potential buyers.

Despite these market conditions, there are a number of homeowners who have been able to benefit from rising home values over the past few years. For example, one homeowner purchased their property in this zip code for just under $100,000 back in 2009 and now their property has an assessed value of over $200,000. Similarly, another homeowner purchased their property in this zip code for just under $60,000 back in 2006 and now their property has an assessed value of over $130,000. These examples illustrate how even modest increases in home values can result in substantial gains for homeowners who are patient enough to wait for a good opportunity to come along.