52404, Cedar Rapids, IA

The Cedar Rapids zip code 52404 has a population of around 120,000 people and is located in the eastern part of Iowa. The median home value in this zip code is $151,500 which is about average for the state of Iowa. The home equity in this zip code has increased significantly over the past few years and currently stands at around $269,000. This increase can be attributed to a number of factors including an improving economy and low interest rates.

Another factor that has contributed to the increase in home equity in this zip code is the fact that many homes here are owned outright rather than being financed through mortgages. This means that homeowners have more control over their finances and can make more informed decisions about how to spend their money. In addition, Cedar Rapids has a relatively low rate of foreclosure activity which means that there is less competition for homes here than there would be in other parts of the country.

Overall, it seems clear that home equity growth in this zip code is continuing to trend upwards and should continue to do so for some time to come. If you are looking to buy or sell a home in Cedar Rapids, it would definitely be worth your while to investigate whether or not your property qualifies for high-yield financing options or if there are any available incentives available from the local government.