52246, Iowa City, IA

Home Equity and Home Prices in the 52246 Zip Code of Iowa City, IA

The home equity and home prices in the 52246 zip code of Iowa City, IA are very high. The median home value in this zip code is $269,000, which is more than double the national median home value of $123,500. Additionally, the percentage of homes in this zip code that are owned outright (without a mortgage) is significantly higher than the national average of 57%. This suggests that many homeowners in this zip code are able to afford to pay off their mortgages completely. In addition, the percentage of homes that are rented is also relatively high for a zip code with such a high median home value. This may be due to the presence of universities and other institutions of higher education in this area.