50833, Bedford, IA

The 50833 zip code of Bedford, IA has a median home value of $142,000 and a median home equity value of $122,000. The home values in this zip code are lower than the Iowa median home value of $174,900 and the national median home value of $177,200. This indicates that there is a greater percentage of homes in this zip code that are worth less than their original purchase price. Additionally, the percentage of homes in this zip code that are worth more than their original purchase price is lower than the Iowa and national percentages. This suggests that there may be fewer opportunities for homeowners to increase their equity in this area.

There are several factors that could contribute to the lower home values in Bedford, IA compared to other areas within Iowa and across the United States. One potential explanation is that Bedford is located in one of Iowa's more rural areas which could make it harder for residents to find jobs or access affordable housing options. Additionally, Bedford has experienced slower economic growth over the past few years which could have led to decreased demand for homes and reduced prices overall. While these factors may not be specific to Bedford alone, they could play a role in explaining why homeownership rates and home values here are lower than average.