50135, Kellogg, IA

Kellogg, IA is located in Polk County and has a population of approximately 5,000. The median household income in the zip code is $60,000 and the median home value is $130,000. Home equity in Kellogg has increased significantly over the past few years due to strong economic growth and low interest rates.

According to Zillow’s Home Value Index, home values in Kellogg have increased by an average of 9.5% since 2013. This rapid growth has led to a significant increase in home equity levels within the zip code. As of September 2017, the average home equity level in Kellogg was $161,500 – up from $135,700 just two years earlier.

The reason for this strong rebound in home values is largely due to strong economic growth within Polk County over the past few years. In 2016 alone, Kellogg saw an annualized GDP growth rate of 2%. Combined with low interest rates (3%), this has resulted in a significant increase in homeowners’ equity levels.

While there are some risks associated with high levels of home equity – such as potential problems if interest rates rise or if the market crashes – overall it appears that homeownership and home values are continuing to rebound strongly within Kellogg ZIP code 50135.