51040, Onawa, IA

The home equity and home prices in the 51040 zip code of Onawa, IA are reflective of the overall market conditions in this area. Over the past five years, the average home value has increased by 6%. However, during that same time period, the median household income has only increased by 2%. This indicates that there is a large disparity between home values and household incomes in this area.

One possible explanation for this disparity is that many homes in the 51040 zip code are owned by individuals who are not actively seeking to sell their homes. As a result, these homes have not experienced as much appreciation over the past five years as homes that are being sold or leased more frequently. Additionally, there is a significant number of vacant properties in this zip code which may also be contributing to slower appreciation rates.

Despite these challenges, it is still possible for homeowners in the 51040 zip code to achieve significant gains on their investments over time if they are patient and selective with their purchases.