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Grimes city, IA

ZIP 50111 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 50111

Median Home Value
$285,700
Median Rent
$1,022
Affordability Snapshot
$79,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,835/mo PITI).

11%
Rent-to-Income Ratio

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

2.6x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

23.3 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 50111 in Grimes city, IA, a household would need roughly $79,000 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 $1,835. That sits below the local median household income ($108,352), 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
70.6%+8% vs US avg
x
Vacancy Rate
1.2%-88% vs US avg
x
Broadband Access
87.7%+1% vs US avg
x
4+ Bedrooms
6.7%-55% vs US avg
x
Built Pre-1939
1.6%-87% vs US avg
x
Built Post-2014
3.5%-50% vs US avg
x
Rent Burden >30%
12.7%-75% vs US avg
x
Mortgage-Free
18.8%-51% vs US avg
x
$285,700
Home Value
$1,022
Rent
2008
Year Built
2015
Moved In

Residents have lived here since ~2015 on average

Housing Structure

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

  • 1-unit detached61.5%
  • 1-unit attached8.7%
  • 2-9 units5.2%
  • 10+ units19.7%
  • Mobile home & other5.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$285,700
Median rent$1,022
Owner-occupied70.6%
Vacant1.2%
Price-to-income2.6x
Est. income to buy$79,000