51501, Council Bluffs, IA

The home equity and home prices in the 51501 zip code of Council Bluffs, IA are reflective of the overall market conditions in the area. Over the past year, there has been a slight uptick in both home equity and home prices. This is likely due to a number of factors including job security, low interest rates, and increasing demand from buyers.

As of September 2017, the median home value in the 51501 zip code was $119,000. This is up from $115,000 one year earlier. In terms of home equity, homeowners in this area had an average balance of $64,000 as of September 2017. This is up from $60,000 one year earlier. The increase may be due to a number of factors including low interest rates and increased demand for housing within Council Bluffs.

While there has been an uptick in both home equity and home prices within the 51501 zip code over the past year, it is important to keep in mind that these values are still relatively low when compared to other areas across Iowa and the United States. It will be interesting to see how these values change over time as market conditions continue to shift favorably for homeowners within this area