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Grundy Center city, IA

ZIP 50638 — 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 50638

Median Home Value
$181,000
Median Rent
$546
Affordability Snapshot
$50,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,163/mo PITI).

8%
Rent-to-Income Ratio

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

2.3x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

27.6 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 50638 in Grundy Center city, IA, a household would need roughly $50,000 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 $1,163. That sits below the local median household income ($79,500), 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
80.5%+23% vs US avg
x
Vacancy Rate
6.6%-36% vs US avg
x
Broadband Access
88.1%+1% vs US avg
x
4+ Bedrooms
4.7%-68% vs US avg
x
Built Pre-1939
6.7%-48% vs US avg
x
Built Post-2014
0.5%-93% vs US avg
x
Rent Burden >30%
17.9%-64% vs US avg
x
Mortgage-Free
40.5%+6% vs US avg
x
$181,000
Home Value
$546
Rent
1961
Year Built
2011
Moved In

Residents have lived here since ~2011 on average

Housing Structure

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

  • 1-unit detached85.2%
  • 1-unit attached0.7%
  • 2-9 units10.7%
  • 10+ units2.2%
  • Mobile home & other1.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$181,000
Median rent$546
Owner-occupied80.5%
Vacant6.6%
Price-to-income2.3x
Est. income to buy$50,000