52235, Hills, IA

The zip code 52235 in Hills, IA has a median home value of $128,000 and a median home equity of $101,000. This is significantly lower than the Iowa state median home value of $223,500 and the national median home value of $177,200. The reasons for this discrepancy are likely due to the high percentage of homeowners in the zip code (92%), as well as the low percentage of homes that are worth more than their mortgage balance (5%).

Despite these low values, there is still a significant demand for homes in 52235. In fact, according to Zillow’s recent report on housing market conditions across the country, Hills ranks as one of the most active markets in Iowa. This is likely due to its proximity to major cities such as Des Moines and Omaha as well as its strong job market.

Overall, it seems that homeownership rates are keeping prices relatively low in 52235 compared to other areas of Iowa and nationwide. However, with such high demand for homes here, it's likely that prices will continue to rise over time.