47386, Springport, IN

The 47386 zip code of Springport, Indiana has a population of around 9,000 people. The median household income in this zip code is $60,000 and the median home value is $137,500. This means that the home equity in this zip code is around $128,000.

There are a number of factors that affect home equity in a particular area. For example, the cost of housing can vary significantly from one area to another, and the availability of mortgage financing can also affect home values. In general, though, it's generally true that higher-income areas tend to have higher home equity values than lower-income areas.

One reason for this may be simply because there are more wealthy people living in high-home-value areas than there are in low-home-value areas. Another reason may be that wealthy homeowners are more likely to be able to afford to make large repairs or improvements to their homes than are poorer homeowners. In any case, it's clear that home equity plays an important role in determining how well off someone is financially – and the 47386 zip code of Springport is no exception!