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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 $173,587, lower than the Iowa average of $226,062.
The average cost of rent is $696/mo in 50516, primarily driven by the current value of real estate in the 50516 area. In 50516, 9.01% of households rent, and 44.75% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 50516 is $9,413 per month. Households that rent pay about 7.39% of their income on rent here. 50516’s most expensive areas are in the northeastern 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
- 50594, IA: less expensive homes
- 50591, IA: equally priced homes
- 50529, IA: less expensive homes
- 50501, IA: less expensive 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: less expensive homes
- 74431, OK: less expensive homes
- 72623, AR: equally priced homes
- 71962, AR: less expensive 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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