50207, New Sharon, IA

The 50207 zip code of New Sharon, IA is located in southeastern Iowa and includes a population of approximately 2,000. The median home value in this zip code is $129,900 and the median home equity is $87,500. The average household income in this zip code is $50,000.

Home prices have been on the rise in the 50207 zip code for the past several years. In January of 2016, the median home value was $128,900 and by December of 2018, it had increased to $139,600. Home equity has also increased during this time frame; as of December 2018 it was estimated at $87,500. This increase can be attributed to both an increase in housing prices and an increase in household incomes.

One factor that has helped drive up home values in the 50207 zip code is an influx of new residents who are purchasing homes here. Many people are drawn to New Sharon because it offers a variety of amenities that are not available elsewhere in Iowa such as a strong economy and low cost of living. Additionally, many people who live here commute to jobs located within commuting distance which contributes to high demand for housing stock within this area.

While there are some people who may be negatively impacted by these rising home values (those who are unable or unwilling to sell their homes), on balance most residents seem happy with the current state of affairs and believe that prices will continue to rise over time due to continued demand from buyers and limited supply from sellers.