47834, Brazil, IN

Brazil, Indiana is located in the southwestern part of the state. The zip code 47834 has a population of about 24,000 people and an area of about 2 square miles. Home equity in Brazil, IN is currently around $128,000. This is up from about $100,000 just five years ago.

There are a few factors that have contributed to the increase in home equity values in Brazil, IN. First and foremost is the strong economy that has been present in Indiana for many years now. Second is the low interest rates that have been available to borrowers over this time period. Finally, there has been an increase in home prices throughout Indiana as a whole over this time period which has helped to drive up values in Brazil as well.

Despite these positive factors, there are also some potential challenges that could affect home equity values in Brazil down the road. For one thing, if interest rates rise again then borrowers may find it more difficult to afford their mortgages and may have to sell their homes at a lower price than they would like. Additionally, if there were any major changes made to laws or regulations related to mortgages or housing then this could also impact home equity values adversely.