51026, Hornick, IA

The Hornick, IA 51026 zip code has a population of about 2,000 people. The median household income in the zip code is $50,000 and the median home value is $130,000. The home equity in the 51026 zip code has increased by about 20% over the past five years. This increase can be attributed to an increase in home prices and an increase in home equity loans.

The average monthly mortgage payment for a house in the 51026 zip code is $1,020. This amount includes principal and interest payments as well as property taxes. Over a 30-year period, this payment would amount to $27,848. In addition to monthly mortgage payments, homeowners also have to pay property insurance premiums and other associated costs such as HOA fees.

Homeownership rates are high in the 51026 zip code because there are many available homes for sale and relatively few buyers who are able to afford a down payment on a house. Home prices have increased significantly over the past five years due to an increase in demand from buyers who are able to afford a higher purchase price than was available five years ago.