50459, Northwood, IA

The 50459 zip code of Northwood, IA has a median home value of $141,000 and a median home equity value of $101,000. These values are lower than the Iowa median home value of $177,500 and the national median home equity value of $142,700. The lower values may be due to the fact that this zip code is located in a rural area. Additionally, Northwood is one of the most affordable zip codes in Iowa with a cost of living index score of 81.7.

Despite these lower values, there are still many homeowners in this zip code who are benefiting from their home equity. Homeowners in this zip code have an average mortgage debt-to-income ratio of 36%, which is below the Iowa average mortgage debt-to-income ratio of 43%. Additionally, homeowners in this zip code have an average credit score of 727 which is above the Iowa average credit score of 721. This indicates that these homeowners are able to borrow money easily and have good credit ratings.

Overall, homeowners in the 50459 zip code are doing well financially despite having low home values compared to other areas in Iowa and nationwide. This suggests that there may be potential for increased appreciation over time if current trends continue.