51246, Rock Rapids, IA

The 51246 zip code of Rock Rapids, IA has a median home value of $101,500 and a median home equity value of $111,000. The 51246 zip code is located in the southeastern part of Iowa and has a population of approximately 10,000.

There are a number of factors that contribute to the high home values in the 51246 zip code. First, Rock Rapids is located in an affluent area with plenty of available housing stock. Second, the area has low unemployment rates and strong job growth prospects. Finally, there is strong demand for housing due to the large population base and limited supply.

Despite these positive factors, there are some challenges facing homeowners in the 51246 zip code. One issue is that interest rates are currently at historic lows which makes it difficult for people to afford a mortgage on a new home or to refinance their existing home loan. Another challenge is that Rock Rapids experiences relatively high levels of foreclosure activity which can depress home values.