47337, Dunreith, IN

The 47337 zip code of Dunreith, IN has a median home value of $128,000. The home equity in this zip code is $41,000. This means that the majority of homeowners in this zip code have more equity in their homes than they need to cover their current monthly mortgage payments. In addition, the average home price growth in this zip code over the past five years has been 5%. This indicates that there is strong demand for homes in this area and that prices are likely to continue to rise.

One reason why homeowners may have more equity in their homes is because Dunreith, IN has a low rate of foreclosure activity relative to other areas of the country. In fact, only 2% of all homes in this zip code are currently listed for sale as foreclosed or REO (real estate owned). This indicates that most homeowners here are able to keep their homes despite occasional financial setbacks.

Another reason why homeowners may have more equity in their homes is because Dunreith, IN has a low rate of unemployment relative to other areas of the country. In fact, only 4% of all jobs in this zip code are currently classified as “unemployment”. This indicates that there is strong demand for housing here and that people who want to buy a home can usually find one that meets their needs at a reasonable price.