47989, Waveland, IN

The 47989 zip code of Waveland, IN is located in the southeastern corner of the state and includes a population of approximately 9,000. The median household income in this zip code is $50,000 and the median home value is $132,500. The average home size in this zip code is 2,898 square feet. There are currently 553 homes for sale in the 47989 zip code and the average list price is $157,900.

Home equity has been a key factor in driving home prices up across Indiana over the past several years. In Waveland, home values have increased by an average of 7% since 2013 according to data from Zillow. This increase has been particularly pronounced in neighborhoods near major highways and commercial areas. In fact, some neighborhoods within Waveland have seen values increase by as much as 20%.

While there are many factors that contribute to changes in home prices across Indiana, one common trend is that neighborhoods near major highways and commercial areas tend to experience higher rates of growth than other areas within a given city or town. This may be due to increased demand from buyers who are looking for more convenient access to these amenities or it may be because these areas offer more opportunities for investors who are looking to purchase property and then resell it at a higher price point.

Overall, it appears that homeownership rates continue to rise across Indiana while prices continue to climb relative to incomes – which could lead to further increases in home equity values over time. If you're thinking about buying or selling a property in the 47989 zip code of Waveland, be sure to consult with an experienced real estate agent who can help you understand all of your options and make informed decisions about what's best for you