50477, Swaledale, IA

Home Equity and Home Prices in the 50477 Zip Code of Swaledale, IA

The home equity and home prices in the 50477 zip code of Swaledale, IA are very high. The median home value in this zip code is $269,000, which is more than triple the median home value in Iowa as a whole. In addition, the percentage of homes with a mortgage that is greater than 100% of the value of the property is also high in this zip code. This suggests that many homeowners here are relying heavily on their home equity to finance their purchases.

While there may be some benefits to having such a high level of home equity, it can also be risky if you don't have enough money saved up to cover any potential losses. If you're not able to pay your mortgage or other bills when they come due, you could find yourself facing foreclosure or bankruptcy. It's important to make sure that you have enough money saved up so that you can weather any financial storms that might come your way.