47362, New Castle, IN

The 47362 zip code of New Castle, Indiana has a population of around 10,000 people. The median household income is around $60,000 and the median home value is around $130,000. This means that the home equity in this zip code is around $50,000.

There are a number of factors that can affect home equity in a zip code. For example, if there are more homes for sale than there are buyers interested in buying them, then the home equity will be lower. Similarly, if the market conditions change and people start to lose money on their investments (in mortgages or stocks), then the value of their homes will go down as well.

Overall, it seems that the home equity in the 47362 zip code is relatively stable and not too much affected by external factors. This suggests that homeowners here are generally doing well overall and can afford to maintain their homes without too much difficulty.