52701, Andover, IA

The home equity and home prices in the 52701 zip code of Andover, IA are reflective of the overall market conditions in the area. Over the past few years, there has been an increase in home values in this area, as well as throughout most of Iowa. This trend is likely to continue over the next few years, as long-term interest rates remain low and buyers continue to feel confident about their purchasing prospects.

According to Zillow’s Home Value Index (HVI), the median home value in Andover was $151,200 in February 2019. This represents a 3% increase from January 2019 and a 12% increase from February 2018. In terms of price per square foot, Andover ranked #5 out of 792 zip codes across the U.S. with a median price per square foot of $191.

There are several factors that have contributed to this uptick in home values over recent years: strong economic growth nationwide; low interest rates; increasing demand for housing due to population growth and an aging population; and limited supply due to stricter zoning regulations and limited land availability within desirable neighborhoods. These trends are likely to continue for at least another two or three years, barring any unforeseen economic or political events that could cause a change in direction.