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Affordable
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These days, finding an affordable place to live in the 50531 area can be challenging. Home prices in 50531 are now at a median cost of $162,070, lower than the Iowa average of $226,062.
The average cost of rent is $725/mo in 50531, primarily driven by the current value of real estate in the 50531 area. In 50531, 4.86% of households rent, and 54.31% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 50531 is $8,682 per month. Households that rent pay about 8.35% of their income on rent here. 50531’s most expensive areas are in the central regions, while the cheapest areas are in the southeastern 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
- 56121, MN: less expensive homes
- 50514, IA: less expensive homes
- 56127, MN: less expensive homes
- 51334, IA: less expensive homes
- 51365, IA: equally priced homes
- 50590, IA: less expensive homes
- 51363, IA: higher priced homes
- 51364, IA: higher priced homes
- 50556, IA: equally priced homes
- 51360, IA: higher priced homes
Zip Codes with Similar Populations
- 50155, IA: higher priced homes
- 45773, OH: equally priced homes
- 45789, OH: higher priced homes
- 46381, IN: higher priced homes
- 46799, IN: higher priced homes
- 47226, IN: equally priced homes
- 47969, IN: equally priced homes
- 49917, MI: equally priced homes
- 49970, MI: less expensive homes
- 50057, IA: higher priced homes
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