50616, Charles City, IA

The 50616 zip code of Charles City, IA has a median home value of $119,000 and a median home equity of $92,000. This is a relatively high home value for the area and indicates that there are a lot of homeowners in this zip code who are doing well financially. In addition, the home equity figure is also high when compared to other zip codes in Iowa. For example, the median home equity figure for the 50309 zip code is only $68,000.

One reason why the home values in this particular zip code are so high is likely because there are a lot of affluent residents living in this area. Many people who live in Charles City own their homes outright or have significant amounts of equity built up in their properties. Additionally, many homes here were built between 1990 and 2000 which means that they are likely more recent and therefore more expensive than older homes in the area.

Despite these positive factors, it's important to keep in mind that not all homeowners in Charles City are doing as well as others. There is a large population of renters living here which means that not everyone can afford to buy or build a house within this ZIP Code boundaries. Additionally, although prices have been rising steadily over the past few years, they may still be subject to some volatility due to market conditions and other factors outside of anyone's control.