52742, De Witt, IA

The De Witt, Iowa 52742 zip code has a population of approximately 1,000 people. The median household income in the zip code is $50,000 and the median home value is $130,000. The home equity in the De Witt zip code is approximately $60,000.

There are a number of factors that affect home prices and home equity in a given area. Some of these factors include: the availability of housing stock, interest rates, inflation rates, and taxes.

In De Witt, there are a limited number of homes for sale compared to other areas in Iowa. This has resulted in increased demand and higher home prices in the area. Additionally, interest rates have been relatively low over the past few years which has helped to increase homeownership and home equity values. Inflation rates have been relatively low over the past few years as well which has helped to keep prices stable or increase modestly. Finally, De Witt does not have any significant taxes that would impact home values or homeownership rates.

Overall, it appears that the combination of high demand (due to limited supply), low interest rates (which helps to keep borrowing costs affordable), and modest inflation rates (which helps to keep prices stable) have all contributed to increased home values and homeowner equity in De Witt over recent years.