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Melcher-Dallas city, IA

ZIP 50062 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 50062

Median Home Value
$163,100
Median Rent
$333
Affordability Snapshot
$45,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,048/mo PITI).

6%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.3x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

40.8 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 50062 in Melcher-Dallas city, IA, a household would need roughly $45,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,048. That sits below the local median household income ($70,714), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 12% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
84.6%+29% vs US avg
x
Vacancy Rate
11.5%+12% vs US avg
x
Broadband Access
80.8%-7% vs US avg
x
4+ Bedrooms
5.8%-61% vs US avg
x
Built Pre-1939
5.2%-60% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
31.1%-37% vs US avg
x
Mortgage-Free
39.3%+3% vs US avg
x
$163,100
Home Value
$333
Rent
1960
Year Built
2011
Moved In

Residents have lived here since ~2011 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached87.9%
  • 1-unit attached0.0%
  • 2-9 units6.7%
  • 10+ units0.9%
  • Mobile home & other4.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$163,100
Median rent$333
Owner-occupied84.6%
Vacant11.5%
Price-to-income2.3x
Est. income to buy$45,000