50680, Wellsburg, IA

Wellsburg, IA is located in Polk County and has a population of just over 2,000. The median household income in the 50680 zip code is just over $50,000. Wellsburg's home equity and home prices are both quite high when compared to other areas of Iowa.

As of September 2017, Wellsburg's home equity was $269,200 and its home prices were $318,600. This represents a growth rate of 5.2% and 9.5%, respectively. These high rates reflect Wellsburg's strong economy and healthy housing market.

One reason for Wellsburg's strong housing market is its low unemployment rate. In September 2017, the unemployment rate in the 50680 zip code was 3%. This low unemployment rate makes it easier for people to afford homes and maintain their mortgage payments.

Another factor contributing to Wellsburg's high home equity and home prices is its limited supply of homes available for sale. In September 2017, there were only 97 homes available for sale in the 50680 zip code - which is less than 1% of all homes available for sale in Polk County at that time! This limited supply of homes helps to keep prices high by preventing competition from lower-priced homes