47265, North Vernon, IN

The 47265 zip code of North Vernon, Indiana has a population of around 10,000 people. The median household income in this zip code is $60,000, and the median home value is $130,000. This means that the home equity in this zip code is around $50,000.

There are a number of factors that affect home equity. One important factor is the interest rate on mortgages. If interest rates go up, then the value of homes goes down because mortgage payments are larger than the amount that homes are worth. Another important factor is whether or not there are any liens on a property. If there are liens on a property, then the bank may be able to take possession of the property if it can't be paid off. Finally, if there has been an increase in prices in the area where a person lives, then their home equity will also be higher than if prices had not increased.

Overall, it seems that home equity in this zip code is relatively stable and not too much affected by changes in interest rates or market conditions. This suggests that homeowners here have been able to maintain their homes over time despite some tough economic times