47451, Oolitic, IN

The 47451 zip code of Oolitic, IN, has a median home value of $128,000 and a median home equity value of $101,000. These values are lower than the Indiana statewide median home value of $179,500 and the national median home equity value of $142,600. The 47451 zip code is also below the national average for home equity values.

There are a number of factors that may contribute to the lower home equity values in the 47451 zip code. First, this area may be more affordable than other areas in Indiana and the United States. Second, there may be fewer opportunities for homeowners to increase their home equity values over time due to low levels of population growth and limited job opportunities in this area. Finally, many homeowners in this zip code may have taken out mortgages that have higher interest rates than those available elsewhere in Indiana or the United States. As a result, they may have less available money to invest in their homes' equity values over time.