51442, Denison, IA

The Denison, IA 51442 zip code has a population of approximately 10,000 people. The median household income in the 51442 zip code is $60,000 and the median home value is $135,000. The 51442 zip code has a homeownership rate of 66% and a vacancy rate of 2%.

Denison, IA is located in southeastern Iowa and is part of the Des Moines metropolitan area. The city was founded in 1836 and was named for General James K. Denison who served in the Mexican-American War and the American Civil War. Denison is home to Drake University which was founded in 1881. The city also has a number of businesses including Hy-Vee grocery store, JCPenney department store, Ace Hardware store, and several restaurants including Applebee's Neighborhood Grill & Bar and Ruby Tuesday's restaurant.

The Denison housing market has seen strong growth over the past few years due to increasing demand for homes in the area as well as low interest rates. In May 2017, there were an average of 3 homes sold per day in the 51442 zip code which represents an increase from an average of 1 home sold per day during May 2016. Home prices have increased significantly over this time period with an average increase of 23% between May 2017 and May 2018 alone according to Zillow data1 . This strong growth can be attributed to several factors including low interest rates (3%), increasing demand for homes (due to population growth), limited supply (due to zoning restrictions), and favorable economic conditions overall. While there are some risks associated with this market such as potential price bubbles or a slowdown in economic conditions, overall it appears that Denison homeownership opportunities are very attractive at present.