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Algona city, IA

ZIP 50511 — 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 50511

Median Home Value
$180,600
Median Rent
$694
Affordability Snapshot
$50,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,160/mo PITI).

14%
Rent-to-Income Ratio

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

3.0x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

21.7 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 50511 in Algona city, IA, a household would need roughly $50,000 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 $1,160. That sits below the local median household income ($60,256), 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
71.1%+9% vs US avg
x
Vacancy Rate
5.9%-43% vs US avg
x
Broadband Access
86.4%-1% vs US avg
x
4+ Bedrooms
4.5%-69% vs US avg
x
Built Pre-1939
8.0%-37% vs US avg
x
Built Post-2014
0.6%-91% vs US avg
x
Rent Burden >30%
25.8%-48% vs US avg
x
Mortgage-Free
47.5%+24% vs US avg
x
$180,600
Home Value
$694
Rent
1972
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 detached77.1%
  • 1-unit attached3.0%
  • 2-9 units10.3%
  • 10+ units9.6%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$180,600
Median rent$694
Owner-occupied71.1%
Vacant5.9%
Price-to-income3.0x
Est. income to buy$50,000