51034, Mapleton, IA

The 51034 zip code of Mapleton, IA has a median home value of $128,000 and a median home equity value of $101,000. The majority of homes in the 51034 zip code are owner-occupied. There is a relatively low percentage of homes that are rented. The average commute to work is about 25 minutes.

The overall trend in home values in the 51034 zip code has been positive over the past five years. In 2012, the median home value was $116,000 and the median home equity value was $92,000. In 2016, the median home value was $128,000 and the median home equity value was $101,000. This indicates that there has been an increase in both house values and homeowner equity over this time period.

There are several factors that may contribute to this positive trend in Mapleton area housing values: 1) strong economic growth over recent years; 2) low unemployment rates; 3) limited supply of available housing; 4) moderate interest rates; and 5) favorable local real estate market conditions (i.e., low foreclosure rates). It is important to note that while these factors are likely contributing factors, they do not necessarily guarantee continued increases in house prices or homeowner equity levels. Accordingly, it is important for homeowners who are considering selling their homes to consult with a real estate agent or mortgage lender to assess their specific situation and determine whether now or in the future is a good time to sell their property.