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These days, finding an affordable place to live in the 50242 area can be challenging. Home prices in 50242 are now at a median cost of $267,690, higher than the Iowa average of $226,062.
The average cost of rent is $845/mo in 50242, primarily driven by the current value of real estate in the 50242 area. In 50242, 31.32% of households rent, and 38.65% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 50242 is $5,745 per month. Households that rent pay about 14.71% of their income on rent here. 50242’s most expensive areas are in the eastern regions, while the cheapest areas are in the central 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
- 50153, IA: less expensive homes
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- 50027, IA: equally priced homes
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Zip Codes with Similar Populations
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