50311, Des Moines, IA

The home equity and home prices in the 50311 zip code of Des Moines, IA are reflective of the overall market conditions in the area. Over the past year, home values have increased by 2.5%, which is lower than the national average of 3%. However, over the past five years, home values have increased by an average of 7.2%. This indicates that there is a strong demand for homes in this area, which is likely due to its proximity to major metropolitan areas such as Des Moines and Omaha.

In addition, interest rates are currently at historic lows and may continue to stay low for some time. This has helped to increase homeownership rates in Des Moines and across Iowa, as it makes it more affordable for people to purchase homes. Additionally, there is a limited supply of homes available for sale in this area, which has led to higher prices.