52801, Davenport, IA

The Davenport, IA 52801 zip code has a population of about 100,000 people and is located in the southeastern part of the state. The median home value in this zip code is $171,500 which is about average for Iowa. The home equity in this zip code has increased by about 10% over the past year and is now at its highest level since 2007. This increase can be attributed to strong job growth and low interest rates.

There are a number of factors that have contributed to the increase in home equity in this zip code. First, there has been an increase in the number of homes that are being sold which has led to an increase in the demand for housing. Second, there has been an increase in the amount of money that people are able to borrow against their homes which has also led to an increase in home values. Finally, there have been low interest rates which have made it more affordable for people to borrow money against their homes and invest that money into their homes’ equity.

While there are many reasons why home equity values have increased in this zip code over the past year, it is important to remember that not everyone benefits from these increases. Homeowners who were underwater on their mortgages when they bought their homes may find themselves struggling to make payments if interest rates rise or if they lose their jobs. Additionally, while homeowners who have invested a large amount of money into their home equity may see a significant return on those investments if interest rates stay low, others may not see any return at all if interest rates rise or if they lose their jobs.