47616, Griffin, IN

The Griffin, IN 47616 zip code has a median home value of $119,000 and a median home equity of $85,000. These values are lower than the Indiana median home value of $146,500 and the national median home equity of $104,200. The Griffin 47616 zip code also has a lower homeownership rate than the Indiana rate of 63% and the national rate of 68%. This may be due to low incomes in this area or because there are not as many homes for sale in this zip code as other areas.

Despite these lower values, there is still demand for homes in the Griffin 47616 zip code. There were 97 active listings on Zillow at the time this essay was written and 92% of those listings were sold within 3 months. This indicates that there is strong demand for homes in this area and that buyers are able to find what they are looking for quickly.

One reason why buyers may be able to find what they are looking for quickly is because there is a low number of homes available for sale in this zip code. There were only 116 active listings on Zillow at the time this essay was written which is less than half the number of homes available in most other Indiana zip codes. This may indicate that sellers are willing to negotiate higher prices or that buyers have already found what they want in these limited options.