51035, Marcus, IA

The 51035 zip code of Marcus, IA has a median home value of $137,500 and a median home equity value of $112,000. This is significantly lower than the Iowa median home value of $223,500 and the national median home equity value of $142,700. The Marcus zip code also has a significantly lower homeownership rate than the Iowa state average of 67% and the national homeownership rate of 69%.

There are several factors that may contribute to the low home values in the 51035 zip code of Marcus. First, Marcus is located in one of Iowa's more rural areas which may limit its appeal to potential buyers. Second, Marcus has experienced significant decreases in population over the past few years which may have led to decreased demand for homes and reduced opportunities for sellers to sell their homes at above-market prices. Finally, Marcus is located in one of Iowa's more expensive housing markets which may make it difficult for buyers who do not have ample savings or who are unable to qualify for a mortgage at market rates.