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Grand River city, IA

ZIP 50108 — Housing & Real Estate

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

Low Income AreaLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 50108

Median Home Value
$46,300
Median Rent
$393
Affordability Snapshot
$13,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$297/mo PITI).

14%
Rent-to-Income Ratio

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

1.4x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

9.8 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 50108 in Grand River city, IA, a household would need roughly $13,000 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 $297. That sits below the local median household income ($33,594), 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 22% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
70.0%+7% vs US avg
x
Vacancy Rate
21.8%+112% vs US avg
x
Broadband Access
78.7%-10% vs US avg
x
4+ Bedrooms
0.0%
x
Built Pre-1939
2.0%-85% vs US avg
x
Built Post-2014
0.4%-94% vs US avg
x
Rent Burden >30%
13.6%-73% vs US avg
x
Mortgage-Free
64.5%+69% vs US avg
x
$46,300
Home Value
$393
Rent
1938
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

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

  • 1-unit detached88.9%
  • 1-unit attached1.6%
  • 2-9 units7.1%
  • 10+ units0.0%
  • Mobile home & other2.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$46,300
Median rent$393
Owner-occupied70.0%
Vacant21.8%
Price-to-income1.4x
Est. income to buy$13,000