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Baxter city, IA

ZIP 50028 — 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 50028

Median Home Value
$197,400
Median Rent
$593
Affordability Snapshot
$54,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,268/mo PITI).

10%
Rent-to-Income Ratio

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

2.8x
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 50028 in Baxter city, IA, a household would need roughly $54,000 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 $1,268. That sits below the local median household income ($70,982), 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
82.8%+27% vs US avg
x
Vacancy Rate
7.6%-26% vs US avg
x
Broadband Access
82.8%-5% vs US avg
x
4+ Bedrooms
3.4%-77% vs US avg
x
Built Pre-1939
2.8%-78% vs US avg
x
Built Post-2014
1.7%-76% vs US avg
x
Rent Burden >30%
27.6%-44% vs US avg
x
Mortgage-Free
39.6%+4% vs US avg
x
$197,400
Home Value
$593
Rent
1972
Year Built
2012
Moved In

Residents have lived here since ~2012 on average

Housing Structure

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

  • 1-unit detached85.4%
  • 1-unit attached1.7%
  • 2-9 units11.2%
  • 10+ units0.0%
  • Mobile home & other1.7%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$197,400
Median rent$593
Owner-occupied82.8%
Vacant7.6%
Price-to-income2.8x
Est. income to buy$54,000