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Des Moines city, IA

ZIP 50316 — Housing & Real Estate

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

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 50316

Median Home Value
$137,300
Median Rent
$815
Affordability Snapshot
$38,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$882/mo PITI).

18%
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.

14.0 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 50316 in Des Moines city, IA, a household would need roughly $38,000 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 $882. That sits below the local median household income ($53,090), 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
66.5%+2% vs US avg
x
Vacancy Rate
9.6%-7% vs US avg
x
Broadband Access
86.2%-1% vs US avg
x
4+ Bedrooms
2.4%-84% vs US avg
x
Built Pre-1939
6.8%-47% vs US avg
x
Built Post-2014
0.1%-99% vs US avg
x
Rent Burden >30%
23.9%-52% vs US avg
x
Mortgage-Free
27.1%-29% vs US avg
x
$137,300
Home Value
$815
Rent
1946
Year Built
2015
Moved In

Residents have lived here since ~2015 on average

Housing Structure

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

  • 1-unit detached75.2%
  • 1-unit attached3.1%
  • 2-9 units8.9%
  • 10+ units12.4%
  • Mobile home & other0.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$137,300
Median rent$815
Owner-occupied66.5%
Vacant9.6%
Price-to-income2.6x
Est. income to buy$38,000