50128, Jamaica, IA

The home equity and home prices in the 50128 zip code of Jamaica, IA are very high. The median home value in this zip code is $269,000, which is more than double the national median home value of $123,500. Additionally, the percentage of homes in this zip code that are worth more than $300,000 is significantly higher than the national percentage of homes that are worth more than $300,000. This indicates that there are a lot of high-value homes in this zip code.

One reason for the high home values in this zip code is likely the strong economy and job market in Iowa. The unemployment rate in Iowa was 3.5% as of September 2017, which is lower than the national unemployment rate of 4.1%. Additionally, there has been a recent influx of new residents to Jamaica due to increasing housing prices and job opportunities here. This suggests that there is strong demand for homes in this area and that people are willing to pay a high price for them.

Another factor contributing to the high home values in this zip code may be zoning restrictions. Many areas within Jamaica have restrictive zoning laws that limit how many houses can be built or how large they can be. As a result, there are limited options available for people who want to buy a house here and prices have increased accordingly. Zoning restrictions may also contribute to higher home values by making it harder for people who want to sell their house or move out of their neighborhood into another area with better housing options.