US5.com
  1. Home
  2. States
  3. Iowa
  4. ZIP 52640
  5. Housing & Real Estate
Morning Sun city, IA

ZIP 52640 — 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 52640

Median Home Value
$126,000
Median Rent
$525
Affordability Snapshot
$35,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$809/mo PITI).

9%
Rent-to-Income Ratio

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

1.8x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

20.0 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 52640 in Morning Sun city, IA, a household would need roughly $35,000 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 $809. That sits below the local median household income ($70,000), 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
88.9%+36% vs US avg
x
Vacancy Rate
11.4%+10% vs US avg
x
Broadband Access
86.1%-1% vs US avg
x
4+ Bedrooms
10.2%-31% vs US avg
x
Built Pre-1939
12.3%-4% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
26.4%-47% vs US avg
x
Mortgage-Free
53.4%+40% vs US avg
x
$126,000
Home Value
$525
Rent
1948
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 detached92.9%
  • 1-unit attached0.0%
  • 2-9 units2.2%
  • 10+ units0.0%
  • Mobile home & other4.8%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$126,000
Median rent$525
Owner-occupied88.9%
Vacant11.4%
Price-to-income1.8x
Est. income to buy$35,000