47387, Straughn, IN

Home Equity and Home Prices in the 47387 Zip Code of Straughn, IN

The Straughn zip code of 47387 has a median home value of $119,000. This is higher than the Indiana median home value of $85,500. The Straughn zip code also has a higher percentage of homes with equity (over 50%) than the Indiana median home value percentage of 44%. This indicates that more homes in the Straughn zip code are worth more than what is owed on them, indicating that there is strong equity in this area.

The average sale price for homes in the 47387 zip code was $142,000 over the past twelve months. This is significantly higher than the Indiana average sale price of $97,500. The number of sales over this period was also much higher at 34 compared to the state’s 12 sales per month average. This indicates that there is strong demand for properties in this area and that buyers are willing to pay a premium for properties here.

It should be noted that while there is strong demand for properties in this area, it may not be available to everyone due to its high prices. The median household income in Straughn is just over $100,000 which means that most people do not have enough money to purchase a property here even if they wanted to.