52060, Maquoketa, IA

The 52060 zip code of Maquoketa, IA has a median home value of $119,000 and a median home equity value of $126,000. The average home size in the 52060 zip code is 2 bedrooms and 1 bathroom. The 52060 zip code has a population of approximately 4,500 people.

There are a number of factors that influence the home equity and home prices in the 52060 zip code. These include local market conditions, interest rates, and housing inventory.

Local market conditions play an important role in determining the price of homes in the 52060 zip code. If there are more homes for sale than buyers interested in purchasing them, then the prices for those homes will go down. Conversely, if there are too many homes for sale relative to buyers interested in purchasing them, then the prices for those homes will go up.

Interest rates also play an important role in determining the price of homes in the 52060 zip code. If interest rates rise above normal levels (i.e., they increase), then it becomes more expensive for people to borrow money to purchase a home. Conversely, if interest rates fall below normal levels (i.e., they decrease), then it becomes cheaper for people to borrow money to purchase a home.

Housing inventory also plays an important role in determining the price of homes in the 52060 zip code. If there are not enough houses available for sale relative to how many people want to purchase them, then the prices for those houses will go up. Conversely, if there are too many houses available for sale relative to how many people want to purchase them, then the prices for those houses will go down