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Rutland city, IA

ZIP 50582 — 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 50582

Median Home Value
$70,000
Median Rent
$438
Affordability Snapshot
$19,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$450/mo PITI).

6%
Rent-to-Income Ratio

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

0.8x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

13.3 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 50582 in Rutland city, IA, a household would need roughly $19,000 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 $450. That sits below the local median household income ($83,882), 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
94.7%+45% vs US avg
x
Vacancy Rate
6.9%-33% vs US avg
x
Broadband Access
82.1%-6% vs US avg
x
4+ Bedrooms
3.9%-74% vs US avg
x
Built Pre-1939
10.8%-16% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
40.0%-20% vs US avg
x
Mortgage-Free
47.8%+25% vs US avg
x
$70,000
Home Value
$438
Rent
1938
Year Built
2010
Moved In

Residents have lived here since ~2010 on average

Housing Structure

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

  • 1-unit detached97.1%
  • 1-unit attached0.0%
  • 2-9 units0.0%
  • 10+ units0.0%
  • Mobile home & other2.9%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$70,000
Median rent$438
Owner-occupied94.7%
Vacant6.9%
Price-to-income0.8x
Est. income to buy$19,000