47558, Montgomery, IN

The 47558 zip code of Montgomery, IN has a median home value of $119,900 and a median home equity value of $87,000. This is lower than the Indiana median home value of $146,500 and the national median home equity value of $130,000. The 47558 zip code also has a lower than average homeownership rate of 62.5%.

There are several factors that may contribute to the low home values in the 47558 zip code. One reason may be that Montgomery is a suburb of Indianapolis which may have led to over-development and an increase in housing prices relative to incomes. Additionally, Montgomery has seen slower growth than other parts of Indiana over the past few years which could also have contributed to decreased home values.