50707, Evansdale, IA

The Evansdale, IA 50707 zip code has a population of approximately 23,000 people. The median household income in the 50707 zip code is $72,500. The median home value in the 50707 zip code is $187,500.

There has been a significant increase in home equity and home prices in the Evansdale, IA 50707 zip code over the past five years. In 2012, the median home value was $167,500. By 2016, the median home value had increased to $187,500. This significant increase in home values can be attributed to several factors including an improving economy and low interest rates.

Home equity is important because it allows homeowners to borrow money against their homes to purchase other assets or pay off debts. Home prices are also important because they reflect how much an area's housing market is worth. Over time, if there are no changes to the underlying economic conditions of an area (in this case, employment and income), then average home prices will rise as more people want to live there and invest their money into property.