46792, Warren, IN

Warren, Indiana is located in the southeast corner of the state and has a population of just over 36,000 people. The median household income in Warren is just over $60,000 and the median home value is just under $160,000. Home equity in Warren is quite high compared to other parts of the country. In fact, according to Zillow’s 2018 Home Value Report, the home equity in Warren is 5th highest out of all zip codes in America with an average home value of $174,200.

One reason for this high level of home equity may be that Warren has a low rate of unemployment and a good economy. Additionally, there are many affluent families living in Warren which may also contribute to the high level of home equity. Another factor that may contribute to the high level of home equity in Warren is that homes here are generally newer and larger than homes elsewhere in Indiana. This means that homeowners can typically get more money for their homes than homeowners elsewhere in Indiana.

Despite these positive factors, there are some risks associated with having high levels of home equity. For example, if someone loses their job or their house values decline significantly (due to any number of reasons), they may find it difficult to recover from those losses. Additionally, if someone needs to sell their house quickly due to a change in circumstances (e.g., they move out-of-state), they may have difficulty finding a buyer who is willing to pay as much for their house as they did when it was originally purchased.