52401, Cedar Rapids, IA

The Cedar Rapids zip code 52401 has a population of around 128,000 people and is located in the eastern part of Iowa. The median home value in this zip code is $141,500 which is significantly higher than the national median home value of $177,500. This high home value can be attributed to several factors including the strong economy and low unemployment rate in Cedar Rapids, as well as the high quality of life and amenities available in this area.

Another contributing factor to the high home values in this zip code is the fact that there are a lot of homes for sale in 52401. In fact, there are currently over 1,600 homes for sale in this zip code which is more than double the number of homes that were sold during the same period last year. This indicates that there are a lot of potential buyers interested in purchasing homes in 52401 and driving up prices.

Despite these positive factors, it's important to keep in mind that not everyone can afford to purchase a home at these prices. In fact, according to Zillow's 2018 Home Value Index report, only about one-third (34%) of households living in 52401 have incomes above $100,000 which means that many people who want to buy a home here will likely have to come up with some extra money.