51012, Cherokee, IA

The home equity and home prices in the 51012 zip code of Cherokee, IA are very high. The median home value in this zip code is $236,000, which is more than double the median home value in Iowa as a whole. In addition, the percentage of homes that are worth more than their original purchase price is also high in this zip code. This indicates that there is a lot of wealth concentrated in this area.

One reason for the high home values and percentage of homes that are worth more than their original purchase price in this zip code may be due to the fact that Cherokee is a desirable location. It is located just outside of Des Moines and has many amenities such as schools, shopping, and entertainment options. Additionally, it has low crime rates which may contribute to its popularity among homeowners and investors.

Despite the high values and percentage of homes that are worth more than their original purchase price, there may be some challenges for homeowners in this area. For example, interest rates have been relatively low recently which may make it difficult for people to pay off their mortgages quickly. Additionally, there may be limited housing options available if someone wants to buy a house within this zip code – especially if they want something smaller or less expensive than what is available on the market currently.