50428, Clear Lake, IA

The 50428 zip code of Clear Lake, IA has a median home value of $164,500. This is higher than the Iowa median home value of $146,200. The Clear Lake area has seen an increase in home values over the past five years. In 2012, the median home value was $142,000. In 2016, the median home value increased to $164,500. This trend is likely to continue as more people move into the area and invest in homes.

One reason for this increase in home values is that Clear Lake is a desirable location. The city has a population of just over 10,000 people and it is located near several amenities such as shopping malls and restaurants. Additionally, Clear Lake is close to major highways which make it easy to get around town.

Another factor that contributes to high home values in the 50428 zip code of Clear Lake are low interest rates. Currently, interest rates are at historic lows which makes it easier for people to borrow money to buy a house. Low interest rates also encourage people to invest in property instead of using their money elsewhere.

While there are many reasons why homes in the 50428 zip code of Clear Lake have been increasing in value over the past few years, there are also some risks associated with buying a house here. For example, if you do not have enough money saved up to cover your down payment on a house or if you lose your job then you may be unable to keep up with your mortgage payments and lose your house altogether