46385, Valparaiso, IN

The 46385 zip code of Valparaiso, Indiana has a population of approximately 29,000 people. The median household income in this zip code is $53,000 and the median home value is $131,500.

The average interest rate on a 30-year fixed-rate mortgage in this zip code is 3.92%. The average home price appreciation rate over the past five years has been 6.24%. This means that the average homeowner in this zip code has seen their home value increase by an average of 6.24% each year!

There are many reasons why homeowners in the 46385 zip code have seen such strong home value appreciation rates over the past five years. One reason is that there are relatively few homes for sale in this area – only 2.5% of all homes for sale in Indiana are located within the 46385 zip code – so when one does come up for sale, it tends to sell quickly. Additionally, Valparaiso is a very desirable location to live; according to Forbes magazine, it was ranked as one of America’s “Best Places To Live” for 2018! This high level of quality living attracts many people who want to purchase or rent a home here, which drives up demand and prices for homes in this area. Finally, Valparaiso has experienced very low unemployment rates over the past few years (currently at 2%), which also contributes to high levels of demand and prices for homes in this area.