46939, Kewanna, IN

The 46939 zip code of Kewanna, IN has a median home value of $128,000 and a median home equity value of $119,000. These values are relatively high when compared to the rest of the state of Indiana, which has a median home value of $86,500 and a median home equity value of $102,500. The reason for this discrepancy may be due to the presence of affluent neighborhoods in Kewanna (such as Preston Hills and Indian Hills), as well as the fact that more expensive homes are typically located in areas with good schools and access to amenities.

Another factor that could contribute to the high values in Kewanna is the low rate of homeownership in this area. Only 53% of households in this zip code own their homes outright, which is lower than both the statewide average (60%) and national average (63%). This lack of ownership could lead to higher demand for homes within the zip code, which would then drive up prices. Additionally, there is a large concentration of families with children under 18 living in Kewanna – an indicator that suggests strong demand for housing.

Despite these factors contributing to high home values and home equity values in 46939 zip code area, it is important to keep in mind that these figures are not static – they can change over time based on many factors including market conditions, interest rates, and changes in local demographics. If you are thinking about buying or selling a home within this zip code area, it is important to consult with an experienced real estate agent who can help you understand all available options and make sound decisions based on your specific needs