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Albion city, IA

ZIP 50005 — 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 50005

Median Home Value
$129,500
Median Rent
$575
Affordability Snapshot
$36,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$832/mo PITI).

11%
Rent-to-Income Ratio

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

2.1x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

18.8 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 50005 in Albion city, IA, a household would need roughly $36,000 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 $832. That sits below the local median household income ($62,667), 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 17% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
94.5%+45% vs US avg
x
Vacancy Rate
16.5%+60% vs US avg
x
Broadband Access
69.2%-20% vs US avg
x
4+ Bedrooms
2.1%-86% vs US avg
x
Built Pre-1939
18.4%+43% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
40.0%-20% vs US avg
x
Mortgage-Free
61.0%+60% vs US avg
x
$129,500
Home Value
$575
Rent
1947
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 detached92.0%
  • 1-unit attached0.7%
  • 2-9 units6.9%
  • 10+ units0.0%
  • Mobile home & other0.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$129,500
Median rent$575
Owner-occupied94.5%
Vacant16.5%
Price-to-income2.1x
Est. income to buy$36,000