50621, Conrad, IA

The home equity and home prices in the 50621 zip code of Conrad, IA are reflective of the overall market conditions in the area. The median home value in this zip code is $116,000, which is lower than the Iowa median of $138,500. However, this zip code has a higher percentage of homes that are valued at over $200,000 (14%) than the Iowa median (10%). This indicates that there is more demand for high-priced homes in Conrad than there is supply.

Overall, home values have been increasing steadily since 2007. The average increase during this time period has been 6%. This trend may be due to a number of factors including low interest rates and increased demand for housing due to population growth. In addition, Conrad has seen an influx of new residents over the past few years which may also contribute to rising home values.

Despite these positive trends, there are still areas within the 50621 zip code where prices are lower than average. These areas tend to be located near rural areas or less desirable neighborhoods. Additionally, there appears to be a lack of appreciation for property values in some parts of Conrad – even after six years of steady growth! This suggests that while prices have increased overall in Conrad over the past few years, they may not continue to do so indefinitely.