51401, Carroll, IA

The 51401 zip code of Carroll, IA has a population of approximately 3,000 people. The median household income in this zip code is $61,600 which is significantly higher than the Iowa median household income of $50,594. Additionally, the home equity and home prices in this zip code are both significantly higher than the Iowa median home equity and home price. As of September 2017, the average home equity in this zip code was $236,000 and the average home price was $269,500. These values are significantly higher than the Iowa median home equity and home price of $146,800 and $151,200 respectively. This indicates that there is a significant demand for homes in this zip code and that homeownership rates are high.

One reason why homeownership rates are high in this zip code is because Carroll has a low rate of unemployment. As of September 2017, the unemployment rate in Carroll was 2.4%, which is lower than the Iowa unemployment rate of 3%. Additionally, Carroll has a low rate of poverty which means that there is not a large percentage of residents who do not have access to basic needs like food and shelter. These factors contribute to a strong economy which supports homeownership rates.

Another reason why homeownership rates are high in this zip code is because Carroll has a low crime rate. As of September 2017, the crime rate in Carroll was 1 per 100 thousand people which is lower than both the Iowa crime rate (2 per 100 thousand people) and national crime rate (1 per 100 thousand people). This indicates that residents feel safe living in this area and they are not afraid to invest their money into property instead of risking it on risky activities like theft or robbery.