52236, Homestead, IA

The 52236 zip code of Homestead, IA has a median home value of $151,000. This is lower than the Iowa median home value of $183,500. The 52236 zip code also has a lower than average home equity percentage of 57%. This means that the majority of homes in this zip code are worth less than their outstanding mortgage balance.

Despite these low values, there is still demand for homes in the 52236 zip code. The average list price for homes in this zip code was $169,900 as of January 2019. This is higher than the Iowa median list price of $147,500 but still below the national median list price of $239,900.

There are several factors that may be contributing to this high demand for homes in the 52236 zip code. One reason may be that Homestead is located within close proximity to major metropolitan areas such as Des Moines and Omaha. Additionally, many jobs in the area are located within commuting distance which may make it more affordable for people to buy a home rather than rent one.

Despite these positive trends, there are some risks associated with buying a home in the 52236 zip code. One risk is that if interest rates increase or if the market crashes, homeowners could find themselves facing significant financial challenges. Another risk is that if you have poor credit or no credit history at all, it may be difficult to qualify for a mortgage in this area.

Overall, while there are some risks associated with buying a home in the 52236 zip code, it appears that there remains strong demand for properties here despite low values and limited equity options for homeowners."