52362, Wyoming, IA

The home equity and home prices in the 52362 zip code of Wyoming, IA are reflective of the overall market conditions in the area. Over the past five years, home values have increased by an average of 7.5%. This is significantly higher than the national average of 3.6%, but still below Iowa's statewide average of 10.4%.

There are a number of factors that contribute to this trend, including low interest rates and strong job growth in Wyoming. Additionally, many homeowners in this area have taken advantage of low interest rates to refinance their mortgages or purchase new homes. As a result, there is a high level of liquidity in the housing market, which drives up prices.

Despite these positive trends, there are some areas where prices have not increased as much as others. For example, while median home values in Wyoming County have increased by 9%, those in Poweshiek County have increased by 16%. This may be due to differences in demographics (Poweshiek County is more rural), access to credit (Poweshiek County has a lower rate of unemployment), or location ( Wyoming County is closer to Des Moines).

Overall, homeownership remains an important factor when it comes to purchasing a home. In the 52362 zip code, 68% of households own their homes compared to the statewide average of 63%. Additionally, homeownership rates are highest among families with incomes over $75000 (+77%). These factors suggest that buyers who can afford it should continue to seek out properties within this zip code if they want good chances at success.