51551, Malvern, IA

The home equity and home prices in the 51551 zip code of Malvern, IA are very high. The median home value in this zip code is $269,000, which is more than triple the median home value in Iowa as a whole. The average home value in this zip code is also much higher than the statewide average of $128,000. This indicates that there are a lot of homes in this zip code that are worth a lot of money.

One reason why the homes in this zip code are so valuable is because they are located near major cities like Des Moines and Omaha. These cities have a lot of jobs and people who can afford to buy homes there. Additionally, many people who live in this zip code commute to work in one of these cities. This means that there is a lot of demand for housing here, which drives up prices.

Another factor that contributes to the high prices in this zip code is the fact that it has a low unemployment rate. This means that there are plenty of jobs available for people who want them and people who can afford to live here don't have to worry about finding a job soon if they lose their current one. This makes it easier for them to get mortgages and buy homes.

Overall, it appears that there are plenty of reasons why the homes in the 51551 zip code are worth so much money. It's likely that prices will continue to rise over time as more people move into this area and demand continues to outpace supply