47957, Medaryville, IN

Medaryville, Indiana is located in the 47957 zip code. According to the 2010 census, the population of Medaryville was 2,921. Median household income in Medaryville was $60,812 and the median home value was $137,000. Home equity is a key factor in determining home prices. Home equity can be thought of as the difference between what a homeowner owes on their home and what their home is worth.

Home equity has been increasing steadily over the past few years. In 2009, home equity averaged $119,000 nationwide. By 2013, it had increased to an average of $165,000 nationwide. In Medaryville specifically, home equity averaged $158,500 from 2009-2013. This indicates that homeowners in Medaryville have seen an increase in their homes' values relative to their outstanding mortgage balances over this time period.

There are several factors that contribute to increases in home values: rising incomes and inflation rates; low interest rates; improving economic conditions (more jobs and businesses opening); and limited supply of homes for sale (due to high demand). It's important to note that while all these factors are important contributors to increases in home values overall, they don't always work together or lead to consistent price increases across different areas or neighborhoods within a given city or town. That said, there's no doubt that when it comes to housing markets – especially those with strong fundamentals like strong demand and low inventory – trends often continue for an extended period of time with relatively little volatility or change