47201, Columbus, IN

The 47201 zip code of Columbus, IN has a median home value of $130,000 and a median home equity of $119,000. This is lower than the national median home value of $177,500 and median home equity of $142,500. The percentage of homes in this zip code that are owner-occupied is lower than the national percentage of owner-occupied homes at 66%. The percentage of homes in this zip code that are rented is higher than the national percentage of rented homes at 34%.

There are a number factors that could contribute to the low median home values and high rental rates in this zip code. One potential factor is that there are fewer homeowners in this area compared to other parts of the country. Another potential factor is that many homeowners here have taken on large mortgages which may limit their ability to sell or rent their homes for a higher price. Additionally, Columbus has been experiencing slower economic growth over the past few years which could lead to fewer jobs and less income available to purchase homes or invest in property stocks.