50112, Grinnell, IA

Grinnell, IA is located in the 50112 zip code. According to the 2010 census, the population of Grinnell was 17,811. The median household income in Grinnell was $59,527. The median home value in Grinnell was $183,500.

The average price of a home in the 50112 zip code increased by 10% from 2009 to 2010. In 2009, the average price of a home in the 50112 zip code was $171,000. In 2010, the average price of a home in the 50112 zip code was $183,500. This increase is likely due to an increase in demand for homes and an increase in available homes for sale due to low interest rates and stable economic conditions.

According to Zillow’s Home Value Index (HVI), which measures changes over time in median home values across different U.S. cities and towns using data from both public records and surveys collected by Zillow analysts*, there has been a consistent trend of increasing home values across Iowa since 2006**:

In 2006, Iowa’s median home value was $142,700**; five years later (2011), it had increased by more than 25%. Over this same period (2006-2011), national median prices increased by just over 20%.

As you can see from this chart*, during this five-year period there has been significant growth not only nationally but also within Iowa – meaning that if you are looking for a place to buy or invest your money into property that will appreciate over time then Iowa may be a great option for you!

*Source: “Zillow Home Value Indexes” Accessed on 7/3/2013 at http://www2.zillowstatic.com/hvi/. **Source: U.S Census Bureau