US5.com
  1. Home
  2. States
  3. Iowa
  4. ZIP 50216
  5. Housing & Real Estate
Lake Panorama CDP, IA

ZIP 50216 — 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 50216

Median Home Value
$199,400
Median Rent
$775
Affordability Snapshot
$55,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,281/mo PITI).

10%
Rent-to-Income Ratio

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

2.2x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

21.4 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 50216 in Lake Panorama CDP, 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 $1,281. That sits below the local median household income ($91,250), 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 36% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
83.1%+27% vs US avg
x
Vacancy Rate
36.2%+252% vs US avg
x
Broadband Access
88.8%+2% vs US avg
x
4+ Bedrooms
5.7%-61% vs US avg
x
Built Pre-1939
1.2%-91% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
44.7%-10% vs US avg
x
Mortgage-Free
37.0%-3% vs US avg
x
$199,400
Home Value
$775
Rent
1982
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 detached91.1%
  • 1-unit attached2.4%
  • 2-9 units4.9%
  • 10+ units1.3%
  • Mobile home & other0.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$199,400
Median rent$775
Owner-occupied83.1%
Vacant36.2%
Price-to-income2.2x
Est. income to buy$55,000