50036, Boone, IA

Boone, IA is located in Polk County and has a population of around 10,000. The 50036 zip code covers just over 2 square miles and has a median home value of $136,000. Home equity in Boone has been on the rise for the past few years, with prices increasing by an average of 7% annually. This trend is likely to continue as Boone continues to experience strong job growth and low interest rates.

There are several factors contributing to the increase in home equity values in Boone:

1) The local economy is strong – Boone has seen steady job growth over the past few years, which has led to increased demand for housing. Additionally, there is a low rate of unemployment in Boone which encourages people to buy homes rather than rent them.

2) Low interest rates – Interest rates have been relatively low for a number of years now, which makes it more affordable for people to borrow money to purchase homes. In addition, Boone's mortgage market is among the most competitive in the country – meaning that there are plenty of lenders available who are willing to offer high-quality mortgages.

3) Strong housing market fundamentals – The quality of homes in Boone remains high despite recent price increases; this indicates that there is still good demand for homes here. Furthermore, buyers who are looking for properties within desirable neighborhoods will find that prices remain relatively stable compared to other areas across the country.