50014, Ames, IA

The 50014 zip code of Ames, IA has a median home value of $139,900 and a median home equity value of $119,700. These values are higher than the Iowa median home value of $119,100 and the national median home equity value of $106,200. The 50014 zip code also has a higher than average percentage of homes with mortgages at 84%. This is likely due to the high cost of living in Ames and its proximity to major universities.

The 50014 zip code has seen an increase in home values over the past five years. In 2013, the median home value was $123,000 while in 2017 it had increased to $139,900. This is likely due to increasing demand for housing in Ames as well as low interest rates that have helped to stimulate the economy. Over this same period, the percentage of homes with mortgages has also increased from 73% to 84%. This indicates that more people are able to purchase homes despite having a higher mortgage payment.

Despite these positive trends, there are some concerns that should be addressed when looking at home prices and equity in Ames. One issue is that there is a large concentration of wealth in this area which could lead to price bubbles if not for tighter lending standards by banks. Additionally, there is concern about whether or not current levels of demand will continue given recent changes in economic conditions such as tariffs and trade wars. If these conditions do not improve then it is possible that prices will decline over time as more people decide not to buy or invest in homes within the 50014 zip code