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Armstrong city, IA

ZIP 50514 — 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 50514

Median Home Value
$128,600
Median Rent
$474
Affordability Snapshot
$35,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$826/mo PITI).

8%
Rent-to-Income Ratio

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

1.8x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

22.6 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 50514 in Armstrong city, IA, a household would need roughly $35,000 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 $826. That sits below the local median household income ($70,550), 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 12% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
83.8%+28% vs US avg
x
Vacancy Rate
12.4%+21% vs US avg
x
Broadband Access
86.5%-1% vs US avg
x
4+ Bedrooms
6.3%-58% vs US avg
x
Built Pre-1939
6.1%-52% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
14.4%-71% vs US avg
x
Mortgage-Free
57.6%+51% vs US avg
x
$128,600
Home Value
$474
Rent
1954
Year Built
2007
Moved In

Residents have lived here since ~2007 on average

Housing Structure

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

  • 1-unit detached86.3%
  • 1-unit attached0.0%
  • 2-9 units8.6%
  • 10+ units2.0%
  • Mobile home & other3.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$128,600
Median rent$474
Owner-occupied83.8%
Vacant12.4%
Price-to-income1.8x
Est. income to buy$35,000