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These days, finding an affordable place to live in the 50103 area can be challenging. Home prices in 50103 are now at a median cost of $126,600, lower than the Iowa average of $182,666.
The average cost of rent is $600/mo in 50103, primarily driven by the current value of real estate in the 50103 area. While nearly 55.25% of residents own their homes outright in 50103, 12.40% rent.
Housing affordability isn’t just about home prices, though. The average household income in 50103 is $5,313 per month. Households that rent pay about 11.29% of their income on rent here. 50103's most expensive areas are in the southwestern regions, while the cheapest areas are in the southern parts of the zip.
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