50023, Ankeny, IA

The 50023 zip code of Ankeny, IA has a median home value of $144,000 and a median home equity value of $130,000. These values are significantly lower than the Iowa state median home value of $236,500 and the national median home equity value of $177,200. The 50023 zip code also has a significantly lower homeownership rate than both Iowa and the United States as a whole. In 2016, only 49% of homes in the 50023 zip code were owned by their occupants, compared to 67% nationally and 73% in Iowa.

One potential explanation for these low home values is that the 50023 zip code is located in one of Iowa's more rural areas. This could make it difficult for residents to find jobs or access quality education that would allow them to earn enough money to purchase a home on their own. Additionally, many homes in this area are older and may not be well-maintained. As a result, they may not be worth as much as newer homes in more urban areas.

Despite these factors, there are still some homeowners in the 50023 zip code who have been able to benefit from rising home prices over the past few years. For example, if you bought your house within the past three years, your home equity likely increased by at least 20%. If you bought your house before 2009 or 2010, your home equity likely increased by at least 50%. Even if you don't live in one of Ankeny's newer or more expensive homes, there's still good chance that your property has appreciated over time due to strong economic growth across Iowa and nationwide over this period.