46947, Logansport, IN

The 46947 zip code of Logansport, IN has a median home value of $101,000 and a median home equity value of $146,000. The average home price in the 46947 zip code has increased by 10% over the past year. Over the past five years, the average home price in this zip code has increased by 34%.

There are a number of factors that have contributed to the increase in home prices in this zip code. The most significant factor is likely the strong economy and low interest rates. Additionally, there is a limited supply of homes available for sale, which has led to an increase in demand. Finally, many people who live in this zip code are wealthy enough to be able to afford to buy homes even if they don’t have much money saved up.

Despite these positive trends, there are some risks associated with buying a home in this zip code. One risk is that interest rates could rise and make it more difficult for people to afford their homes. Another risk is that the market could suddenly become saturated and prices could drop significantly.