51239, Hull, IA

The 51239 zip code of Hull, IA has a median home value of $128,000. This is lower than the Iowa median home value of $174,500. The 51239 zip code also has a lower than average home equity of $30,000. This means that homeowners in the 51239 zip code have less equity in their homes than homeowners in other areas of Iowa.

There are several factors that may contribute to the low home equity in the 51239 zip code. One reason is that Hull is a small town and there are not many opportunities for people to earn an income outside of their hometown. Another reason is that many homeowners in the 51239 zip code have taken out large loans to purchase their homes and may not be able to afford to pay off those loans anytime soon.

Despite these factors, there are still some homeowners in the 51239 zip code who are able to maintain a high level of home equity. These homeowners may be able to sell their homes for more than they originally paid for them or they may be able to refinance their mortgages into a lower interest rate. Regardless of whether or not someone's home equity falls below or above the median value for this area, it's important to keep in mind that it can vary significantly from one homeowner to another.