47630, Newburgh, IN

The zip code 47630 in Newburgh, Indiana has a median home value of $119,900 and a median home equity value of $112,000. These values are both above the national median home value of $77,200 and the Indiana median home equity value of $100,000. The 47630 zip code is also above the statewide median home value of $86,600.

There are a number of factors that may contribute to the high values in the 47630 zip code. First and foremost is its location in one of Indiana's most affluent counties. Second is the strong demand for housing in this area due to its proximity to major cities like Indianapolis and Bloomington as well as other desirable suburbs. Finally, there is strong competition for homes among buyers who want to live in this area.

Despite these positive factors, there are some challenges that could affect home prices in the 47630 zip code over time. One potential issue is that interest rates could rise over time which would make it more difficult for people to afford homes or pay off their mortgages. Another potential issue is that there could be a decrease in population growth which would lead to less demand for homes and lower prices overall.