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Collins city, IA

ZIP 50055 — 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 50055

Median Home Value
$195,400
Median Rent
$662
Affordability Snapshot
$54,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,255/mo PITI).

9%
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.

24.6 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 50055 in Collins 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 $1,255. That sits below the local median household income ($84,875), 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

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
86.5%+32% vs US avg
x
Vacancy Rate
2.2%-79% vs US avg
x
Broadband Access
88.5%+2% vs US avg
x
4+ Bedrooms
2.6%-82% vs US avg
x
Built Pre-1939
1.3%-90% vs US avg
x
Built Post-2014
0.4%-94% vs US avg
x
Rent Burden >30%
6.7%-87% vs US avg
x
Mortgage-Free
37.1%-3% vs US avg
x
$195,400
Home Value
$662
Rent
1961
Year Built
2006
Moved In

Residents have lived here since ~2006 on average

Housing Structure

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

  • 1-unit detached92.1%
  • 1-unit attached1.5%
  • 2-9 units1.8%
  • 10+ units2.2%
  • Mobile home & other2.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$195,400
Median rent$662
Owner-occupied86.5%
Vacant2.2%
Price-to-income2.3x
Est. income to buy$54,000