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These days, finding an affordable place to live in the 50516 area can be challenging. Home prices in 50516 are now at a median cost of $126,162, lower than the Iowa average of $182,666.
The average cost of rent is $672/mo in 50516, primarily driven by the current value of real estate in the 50516 area. While nearly 55.00% of residents own their homes outright in 50516, 13.54% rent.
Housing affordability isn’t just about home prices, though. The average household income in 50516 is $6,680 per month. Households that rent pay about 10.06% of their income on rent here. 50516's most expensive areas are in the central regions, while the cheapest areas are in the northern parts of the zip.
Nearby Zip Codes
- 50594, IA: equally priced homes
- 50591, IA: higher priced homes
- 50529, IA: less expensive homes
- 50501, IA: equally priced homes
- 50548, IA: higher priced homes
- 50524, IA: higher priced homes
- 50533, IA: less expensive homes
- 50545, IA: less expensive homes
- 50582, IA: less expensive homes
- 50518, IA: higher priced homes
Zip Codes with Similar Populations
- 51544, IA: less expensive homes
- 75153, TX: equally priced homes
- 74431, OK: less expensive homes
- 72623, AR: equally priced homes
- 71962, AR: equally priced homes
- 56311, MN: higher priced homes
- 56248, MN: higher priced homes
- 56029, MN: less expensive homes
- 54550, WI: less expensive homes
- 52750, IA: higher priced homes
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