46723, Churubusco, IN

The Churubusco, IN 46723 zip code has a population of approximately 2,000 people. Home prices in the 46723 zip code averaged $128,000 in 2017. The median home value in the 46723 zip code is $119,500. Home equity in the 46723 zip code averaged $72,000 in 2017. The percentage of homes with home equity is 83%.

There are a number of factors that may contribute to higher home values and home equity in the 46723 zip code. These include low unemployment rates and strong job market growth, as well as increasing demand for housing due to an aging population and an influx of new residents into the area. Additionally, many homeowners have taken advantage of low interest rates over the past few years to increase their equity in their homes.

Despite these positive trends, there are also some risks associated with high home values and home equity in the 46723 zip code. These include potential market crashes or corrections that could lead to decreased values or losses for homeowners who have invested heavily in their homes, as well as increased risks associated with mortgages and other lending products. While these risks are always present, it is important to consult with a qualified financial advisor if you are considering investing heavily in your home or if you are worried about any potential changes affecting your property value or mortgage payments.