46368, Portage, IN

Home Equity and Home Prices in the 46368 Zip Code of Portage, IN

There are a number of factors that affect home equity and home prices. Some of these include interest rates, local market conditions, and the age, condition, size, and location of the home. In general, homes that are newer or in better condition will have higher home equity values than older or less-nice homes. Additionally, homes located in desirable neighborhoods will typically have higher home equity values than those located in less-desirable areas.

According to Zillow’s 2018 Home Value Index report (ZHVI), the median home value in the 46368 zip code was $142,200. This is slightly lower than the Indiana median home value of $147,500. However, this does not necessarily mean that homes in this zip code are worth less than homes elsewhere in Indiana. The ZHVI measures only median values – so there are a number of high- and low-priced homes within each zip code – so it is not a perfect measure of relative value.

Nevertheless, it provides an interesting snapshot of what properties are selling for within this particular area. As you can see from the table below (which includes data from both Zillow and Trulia), there is significant variation in price levels within this zip code:

Zillow Trulia Median Price $142K $134K Range $120K - $160K $119K - $158K Percent Change 0% - 2% 1% - 3% Year Over Year Change N/A N/A Sales Volume 1 Avg Sale Per Month N/A N/A