50849, Greenfield, IA

The home equity and home prices in the 50849 zip code of Greenfield, IA are reflective of the overall market conditions in the area. Over the past year, home values have increased by 2.5%, which is slightly slower than the national average of 2.7%. However, over the past five years, home values have increased by an average of 5.2%. This indicates that there is strong demand for homes in this area and that buyers are able to get a good return on their investment.

One reason why home values have been increasing steadily over the past few years is because there is a low supply of homes available for sale in this area. In fact, according to Zillow, as of September 2018 there were only 1,083 homes for sale in Greenfield compared to an average of 1,906 homes per month nationwide. This means that there are plenty of potential buyers who are looking to purchase a home in this area and drive up prices accordingly.

Another factor that has contributed to rising home values in Greenfield is the low unemployment rate here (3%). This means that people who want to buy a house can afford to do so without having to worry about finding a job first. Furthermore, since many people are already living in Greenfield they are more likely to invest money into their property rather than rent it out or sell it quickly for a lower price. As long as these positive trends continue, it's likely that home values will continue to increase over time in this zip code