47040, Rising Sun, IN

The 47040 zip code of Rising Sun, Indiana has a median home value of $119,000 and a median home equity of $101,000. These numbers are significantly lower than the state median home value of $177,500 and the national median home equity of $142,700.

There are a number of reasons why the 47040 zip code is less wealthy than other areas in Indiana and the United States. One reason is that Rising Sun is located in an economically depressed area of the state. Additionally, many homes in this area were built before 1980 and have not been updated since then. As a result, they are often smaller and older than homes in more prosperous areas.

Despite these factors, there are still some homeowners in the 47040 zip code who are doing well financially. This is likely due to the fact that many people in this area own their homes outright or have significant amounts of equity built up in them. Additionally, there is a limited supply of housing stock available in this area which has kept prices high relative to other parts of Indiana.