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These days, finding an affordable place to live in the 50240 area can be challenging. Home prices in 50240 are now at a median cost of $314,476, higher than the Iowa average of $226,062.
The average cost of rent is $928/mo in 50240, primarily driven by the current value of real estate in the 50240 area. In 50240, 12.77% of households rent, and 32.85% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 50240 is $8,487 per month. Households that rent pay about 10.94% of their income on rent here. 50240’s most expensive areas are in the eastern regions, while the cheapest areas are in the southwestern parts of the zip.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Zip Codes
- 50033, IA: higher priced homes
- 50218, IA: higher priced homes
- 50160, IA: less expensive homes
- 50229, IA: equally priced homes
- 50257, IA: less expensive homes
- 50210, IA: equally priced homes
- 50222, IA: less expensive homes
- 50273, IA: less expensive homes
- 50125, IA: less expensive homes
- 50145, IA: higher priced homes
Zip Codes with Similar Populations
- 13783, NY: less expensive homes
- 24874, WV: less expensive homes
- 23919, VA: less expensive homes
- 21798, MD: higher priced homes
- 18346, PA: less expensive homes
- 18077, PA: higher priced homes
- 16929, PA: less expensive homes
- 15926, PA: less expensive homes
- 95445, CA: higher priced homes
- 13622, NY: less expensive homes
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