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Alexander city, IA

ZIP 50420 — Housing & Real Estate

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

Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 50420

Median Home Value
$77,500
Median Rent
$233
Affordability Snapshot
$21,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$498/mo PITI).

4%
Rent-to-Income Ratio

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

1.0x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

27.7 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 50420 in Alexander city, IA, a household would need roughly $21,000 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 $498. That sits below the local median household income ($76,169), 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 11% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
68.9%+5% vs US avg
x
Vacancy Rate
11.2%+8% vs US avg
x
Broadband Access
71.3%-18% vs US avg
x
4+ Bedrooms
3.2%-78% vs US avg
x
Built Pre-1939
8.0%-38% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
1.9%-96% vs US avg
x
Mortgage-Free
77.4%+103% vs US avg
x
$77,500
Home Value
$233
Rent
1954
Year Built
2007
Moved In

Residents have lived here since ~2007 on average

Housing Structure

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

  • 1-unit detached90.4%
  • 1-unit attached0.0%
  • 2-9 units9.0%
  • 10+ units0.0%
  • Mobile home & other0.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$77,500
Median rent$233
Owner-occupied68.9%
Vacant11.2%
Price-to-income1.0x
Est. income to buy$21,000