46526, Goshen, IN

Home equity is the difference between what a homeowner owes on their home and the value of their home. Home prices are the amount that homeowners are willing to pay for a property. In Goshen, IN, home equity and home prices have been increasing over the past few years.

According to Zillow, as of March 2019, the median home value in Goshen was $191,200. This represents an increase of 9% from 2018. The average price per square foot has also increased by 6%. This indicates that there is strong demand for homes in this area.

One reason why home values have been increasing in Goshen is because of the low unemployment rate and strong economy. There are many people who want to live in this area because it has a good quality of life and is close to major cities like Indianapolis and Chicago.

Another reason why home values have been increasing in Goshen is because there are many new homes being built here. The population growth has led to an increase in demand for housing units, which has pushed up prices. Additionally, there is a lot of money being invested in real estate here due to the low interest rates available currently.

There are some risks associated with buying or owning a house in Goshen, IN. For example, if interest rates rise then homeowners could face higher payments on their mortgages or loans. Additionally, if there is a recession then housing prices could fall significantly and people may lose money when they sell their homes. However, overall it seems that people are confident about the future prospects for housing prices and home equity here in Goshen