51050, Remsen, IA

The 51050 zip code of Remsen, IA has a median home value of $128,000. This is lower than the Iowa median home value of $174,500. The 51050 zip code also has a lower than average population density of 2 people per square mile. This means that there are more homes for sale in this zip code than there are residents who can buy them.

One reason that the home values in the 51050 zip code are lower than average is because there is a high percentage of vacant homes in this area. In fact, over one third (36%) of all homes in this zip code are vacant and unoccupied. This high vacancy rate makes it difficult for buyers to find a good deal on a home and also makes it difficult for sellers to get enough money for their home.

Despite the low population density and high vacancy rate, the prices paid for homes in the 51050 zip code are still higher than average. The median price paid for a home in this area is $128,000 which is about 10% higher than the Iowa median price paid for a home ($118,500). Additionally, there are fewer homes available for sale in this area so buyers have more opportunity to find an affordable deal on a house.