70563, New Iberia, LA

The home equity and home prices in the 70563 zip code of New Iberia, LA are very high. The median home value in this zip code is $269,000, which is more than double the national median home value of $125,000. Additionally, the percentage of homes in this zip code that are worth more than $300,000 is significantly higher than the national percentage of homes that are worth more than $300,000. This indicates that there is a lot of wealth concentrated in this zip code.

One possible explanation for why the home equity and home prices in this zip code are so high is that New Iberia is a wealthy city. The median household income in this zip code is $76,500, which is above the national median household income of $53,046. Additionally, the percentage of households in this zip code that have at least one college degree is significantly higher than the national percentage of households that have at least one college degree. This indicates that there are a lot of high-income residents living in this zipcode.

Another possible explanation for why the home equity and home prices in this zip code are so high is that there are a lot of expensive homes available for sale here. The number of homes available for sale in this zipcode has increased over time relative to other ZIP codes across Louisiana and the United States as a whole. This suggests that there may be strong demand for expensive homes in this area.