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These days, finding an affordable place to live in the 50616 area can be challenging. Home prices in 50616 are now at a median cost of $135,377, lower than the Iowa average of $226,062.
The average cost of rent is $714/mo in 50616, primarily driven by the current value of real estate in the 50616 area. In 50616, 27.03% of households rent, and 46.56% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 50616 is $5,604 per month. Households that rent pay about 12.73% of their income on rent here. 50616’s most expensive areas are in the southeastern 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
- 50435, IA: higher priced homes
- 50620, IA: less expensive homes
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- 50471, IA: higher priced homes
- 50653, IA: higher priced homes
- 50603, IA: higher priced homes
- 50468, IA: equally priced homes
- 50659, IA: higher priced homes
- 50458, IA: higher priced homes
Zip Codes with Similar Populations
- 07945, NJ: higher priced homes
- 86040, AZ: higher priced homes
- 15022, PA: less expensive homes
- 14031, NY: higher priced homes
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- 10510, NY: higher priced homes
- 08251, NJ: higher priced homes
- 08093, NJ: higher priced homes
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