50538, Farnhamville, IA

The 50538 zip code of Farnhamville, IA is located in the southeastern corner of Iowa. The area has a population of just over 2,000 people and is home to a number of small businesses and farms. Farnhamville is also close to a number of larger cities, including Cedar Rapids and Des Moines.

Home prices in the 50538 zip code have been on the rise for the past several years. In May of 2016, the median home price was $146,500. This figure has increased by nearly 20% since then, reaching $167,500 by May of 2018. While this increase may not seem significant at first glance, it represents an increase of more than $30,000 over the course of just two years.

One reason for this increase in home prices is likely due to increased demand from buyers who are looking for properties that are within reasonable commuting distance to larger cities. Additionally, many homeowners in the 50538 zip code have taken advantage of low interest rates and have been able to refinance their homes multiple times over the past few years. As a result, they are now able to sell their homes for significantly more than they would have been able to five or ten years ago.