50627, Eldora, IA

The 50627 zip code of Eldora, IA is located in Johnson County and has a population of approximately 2,000. The median household income in the zip code is $51,667 and the median family income is $57,500. The home equity and home prices in the zip code are both relatively high compared to other areas of Iowa. In 2017, the home equity in the zip code was $183,200 and the home prices were $269,900. This indicates that there is a lot of wealth available in this area and that people are able to afford to buy homes at a high price.

One reason why the home equity and home prices are high in this area is because there are a lot of wealthy people living here. The median household income in the zip code is higher than average for Johnson County and also higher than average for Iowa as a whole. Additionally, there are a lot of affluent families living in Eldora which contributes to the high home values. There are also a lot of luxury homes available in this area which contribute to the high value of homes overall.

Another reason why the home values are high in Eldora is because there is not much competition for homes here. There are only about 100 households living in Eldora which means that most properties that become available become quickly occupied by buyers who can afford to pay top dollar for them. This lack of competition makes it easier for buyers to get their hands on desirable properties and drive up prices accordingly.