46553, New Paris, IN

The 46553 zip code of New Paris, Indiana has a population of just over 2,000 people. The median household income in this zip code is just over $60,000, and the median home value is just over $130,000. This makes the New Paris area one of the more affluent areas in Indiana.

However, despite these high home values and incomes, there has been a recent trend of home equity and home prices decreasing in this zip code. In fact, according to Zillow’s current data (as of March 2019), the average home value in this zip code has decreased by almost 10% since 2018. This decrease in home values could be due to a number of factors – including low interest rates and increasing competition from other areas within Indiana with higher home values.

Nonetheless, despite these decreases in home values, it is still likely that many homeowners in the 46553 zip code will see their homes increase in value over time. And given that this area is relatively affluent compared to many other parts of Indiana, homeowners here are likely to enjoy significant increases in theirhome equity even if house prices do not increase uniformly across all neighborhoods within the zip code.