52159, Monona, IA

The 52159 zip code of Monona, IA has a median home value of $137,000. This is lower than the Iowa median home value of $177,500. The percentage of homes in this zip code that are valued at less than $50,000 is high compared to the Iowa state average of just over 20%. The percentage of homes in this zip code that are valued at more than $250,000 is also high compared to the Iowa state average.

There are a number of factors that could contribute to the low median home value in this zip code. One possibility is that there may be fewer expensive homes available for sale in this area. Another possibility is that there may be a higher concentration of lower-priced homes in this zip code. It's also possible that some homeowners have taken advantage of historically low interest rates and have invested their equity in their home rather than using it to purchase another property or invest elsewhere.

Despite the fact that the median home value in this zip code is lower than the statewide average, it's still not uncommon for homes here to be worth more than $200,000. This suggests that there are a number of homeowners who are able to benefit from strong market conditions and who are willing and able to invest money into their property."