46992, Wabash, IN

The 46992 zip code of Wabash, Indiana has a median home value of $128,000 and a median home equity value of $101,000. This is lower than the statewide median home value of $177,500 and the national median home equity value of $142,600.

There are a number of factors that may contribute to the lower home values in this zip code. The 46992 zip code is located in an area that has seen slower growth than other parts of the country over the past several years. Additionally, there are a number of homes in this zip code that are older and may not be in as good condition as newer homes. Finally, there is a smaller population in this zip code compared to other areas of Indiana. This could lead to less competition for housing and consequently higher prices for homes in this area.

Despite these factors, there are still some homeowners who have been able to benefit from rising home values over the past few years. Those who have been able to buy or refinance their homes within the past few years have seen their equity increase significantly. Additionally, those who have been able to keep their homes for longer periods of time may also be seeing increased values due to increased demand within the local market.