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Granger city, IA

ZIP 50109 — Housing & Real Estate

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

Upper Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 50109

Median Home Value
$337,400
Median Rent
$765
Affordability Snapshot
$93,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,167/mo PITI).

7%
Rent-to-Income Ratio

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

2.6x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

36.8 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 50109 in Granger city, IA, a household would need roughly $93,000 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 $2,167. That sits below the local median household income ($130,263), 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
87.4%+34% vs US avg
x
Vacancy Rate
11.6%+13% vs US avg
x
Broadband Access
93.2%+7% vs US avg
x
4+ Bedrooms
12.8%-13% vs US avg
x
Built Pre-1939
0.3%-97% vs US avg
x
Built Post-2014
8.5%+23% vs US avg
x
Rent Burden >30%
8.1%-84% vs US avg
x
Mortgage-Free
24.4%-36% vs US avg
x
$337,400
Home Value
$765
Rent
1998
Year Built
2012
Moved In

Residents have lived here since ~2012 on average

Housing Structure

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

  • 1-unit detached87.4%
  • 1-unit attached7.7%
  • 2-9 units3.7%
  • 10+ units1.0%
  • Mobile home & other0.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$337,400
Median rent$765
Owner-occupied87.4%
Vacant11.6%
Price-to-income2.6x
Est. income to buy$93,000