52002, Dubuque, IA

Dubuque, IA is located in the 52002 zip code. The median home value in this zip code is $143,000. Home equity in this zip code has increased by 9.4% over the past year. Over the past five years, home equity has increased by 27%.

There are a number of factors that may contribute to the increase in home equity in this zip code. One reason may be that Dubuque has seen a steady increase in population over the past few years. This growth may have led to an increase in demand for housing, which could lead to an increase in prices and home equity values. Additionally, Dubuque residents may be able to afford more expensive homes due to higher incomes or lower mortgage rates.

Despite these positive trends, there are also some risks associated with increased home equity values. If interest rates rise or the economy weakens, homeowners could find themselves struggling to pay off their mortgages or owe more on their homes than they originally thought. Additionally, if someone decides to sell their home before it's fully paid off (a common practice known as "flipping"), they could experience a significant loss on their investment.