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Grinnell city, IA

ZIP 50112 — 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 50112

Median Home Value
$198,100
Median Rent
$676
Affordability Snapshot
$55,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,273/mo PITI).

13%
Rent-to-Income Ratio

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

3.1x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

24.4 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 50112 in Grinnell city, IA, a household would need roughly $55,000 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 $1,273. That sits below the local median household income ($64,707), 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

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
68.8%+5% vs US avg
x
Vacancy Rate
5.3%-49% vs US avg
x
Broadband Access
84.2%-3% vs US avg
x
4+ Bedrooms
4.5%-70% vs US avg
x
Built Pre-1939
4.6%-64% vs US avg
x
Built Post-2014
0.1%-99% vs US avg
x
Rent Burden >30%
22.8%-54% vs US avg
x
Mortgage-Free
42.2%+11% vs US avg
x
$198,100
Home Value
$676
Rent
1969
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 detached69.7%
  • 1-unit attached6.3%
  • 2-9 units11.0%
  • 10+ units9.5%
  • Mobile home & other3.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$198,100
Median rent$676
Owner-occupied68.8%
Vacant5.3%
Price-to-income3.1x
Est. income to buy$55,000