50105, Gilbert, IA

Gilbert, IA is located in the 50105 zip code. According to the 2010 census, Gilbert has a population of 9,851. The median household income was $56,906 and the median family income was $64,711. In Gilbert, the home equity and home prices are high.

The home equity in Gilbert is high because there are a lot of people who own their homes outright or have mortgages that are relatively low compared to other areas of the country. The average mortgage in Gilbert is $161,000 which is lower than the national average of $197,200. Additionally, there are a lot of people who have HELOCs (home equity lines of credit) which give them access to extra money if they need it. As a result, home prices in Gilbert are high compared to other areas of Iowa and the United States as a whole.

According to Zillow’s Home Value Index for ZIP Codes within 100 miles of Gilbert (50105), the median home value in Gilbert was $187,500 as of January 1st 2019. This puts Gilbert at number 7 out of all ZIP Codes within 100 miles with a median home value above $175K. Additionally, according to Trulia’s Home Values by Area report for ZIP Code 50105 ( Gilbert), as of September 30th 2018 there were 2 active listings on their site with an asking price above $200K and 10 listings with an asking price below $175K – indicating that there is strong demand for homes in this area!