47926, Burnettsville, IN

The zip code 47926 in Burnettsville, Indiana has a median home value of $137,000. This is significantly lower than the state median home value of $187,500. The 47926 zip code also has a lower than average percentage of homes with a mortgage at 66%. This is likely due to the low unemployment rate in this area and the fact that many people are still underwater on their mortgages from the housing crash.

Despite these factors, there are still some homes in the 47926 zip code that are worth more than $200,000. There is also a fair amount of diversity in terms of home values within this zip code. There are homes that are worth less than $50,000 and homes that are worth more than $300,000.

There is no doubt that there has been an overall decrease in home values across Indiana since the housing market crashed in 2008. However, it is important to keep in mind that not all areas have experienced the same decline in home values. In some parts of Indiana, such as Indianapolis and Carmel-by-the-Sea, prices have continued to decline even after the national market recovered from its recessionary lows.

It will be interesting to see how long it takes for prices to rebound back to their pre-recession levels throughout the entire state of Indiana. If prices continue to decline at a slower pace or if there is an increase in demand for properties within 47926 zip code due to increasing wages or other economic factors then we could see prices begin to rise again soon thereafter