How much is a home worth in ZIP code 50003?

The typical home in 50003 is worth $396,070, based on the Zillow Home Value Index.

Are home values rising in 50003?

Home values in 50003 are up 1.0% over the past year, and up 4.5% a year over five years.

What is the typical rent in 50003?

A typical home in 50003 rents for about $1,146 a month, a gross rental yield of 3.5%.

What is the property tax rate in 50003?

The effective property tax rate in 50003 is 1.0% — roughly $3,992 a year on a typical home.

ZIP code 50003 has a population of 9,948 and a median household income of $103,114.

HousingHandbookReference data

…

U.S. ZIP Code · IA50003

Dallas County · Des Moines-West Des Moines, IA

Typical home value

$396,070^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +1.0%
5-year / yr: +4.5%
10-year / yr: +5.4%

Relative price

vs U.S.: +39.4%
vs metro: +38.4%
vs state: +93.6%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 50003 is worth $396,070 — 38.4% above the Des Moines-West Des Moines, IA median. Over the past year, values have risen 1.0%. Homes here rent for a typical $1,146 a month — a 3.5% gross rental yield. The effective property tax rate is 1.0%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $1,146^[2]
Gross yield: 3.5%^[2]
Cap rate: 2.1%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 1.0%^[3]
Typical annual tax: $3,992^[3]

#Climate risk

FEMA National Risk Index ratings for Dallas County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively Low^[4]
Riverine flood: Relatively Low
Coastal flood: Not Applicable
Wildfire: Very Low
Drought: Relatively High
Heat wave: Relatively Low
Hurricane: Very Low
Tornado: Relatively Moderate
Earthquake: Very Low
Winter weather: Relatively Moderate

#Who lives here

Population: 9,948^[3]
Median household income: $103,114^[3]

#Migration

Household moves in and out of Dallas County over a year, from IRS tax-return data.

Net migration: +933^[5]
Moved in: 5,347
Moved out: 4,414

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 4
Elementary: 2
Middle: 1
High: 1

ADM Senior High School
High · Grades 9–12 · Adel DeSoto Minburn Comm School District
682 students
Meadow View Elementary
Elementary · Grades 2–4 · Adel DeSoto Minburn Comm School District
523 students
Adel Elementary School
Elementary · Grades PK–1 · Adel DeSoto Minburn Comm School District
413 students
ADM Middle School
Middle · Grades 7–8 · Adel DeSoto Minburn Comm School District
344 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield3.5%

Net yield (after ~40% expenses)2.1%

Annual rent$13,750

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$2,003

Loan principal$316,856

Down payment$79,214

Total interest paid$404,133

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio2.33

Monthly cost to own$2,666

Monthly rent$1,146

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 24th percentile^[1]
Rental yield: 0th percentile^[2]
Property tax: 12th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

1st for fastest-growing in IAView list →

Frequently asked

How much is a home worth in ZIP code 50003?: The typical home in 50003 is worth $396,070, based on the Zillow Home Value Index.
Are home values rising in 50003?: Home values in 50003 are up 1.0% over the past year, and up 4.5% a year over five years.
What is the typical rent in 50003?: A typical home in 50003 rents for about $1,146 a month, a gross rental yield of 3.5%.
What is the property tax rate in 50003?: The effective property tax rate in 50003 is 1.0% — roughly $3,992 a year on a typical home.
Who lives in 50003?: ZIP code 50003 has a population of 9,948 and a median household income of $103,114.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

50131 vs 50003 →
Johnston, IA
Typical home
$398,965
Gross yield
4.1%
50240 vs 50003 →
St. Charles, IA
Typical home
$399,114
Gross yield
—
50007
Alleman, IA
Typical home
$388,196
Gross yield
—
50261
West Des Moines, IA
Typical home
$408,285
Gross yield
—
50001
Ackworth, IA
Typical home
$409,991
Gross yield
—
50109
Granger, IA
Typical home
$380,690
Gross yield
—

Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →

Compare ZIPs

Pit ZIP 50003 against any other ZIP — full side-by-side table.

Compare 50003 →

#Jump to section

U.S. ZIP Code · IA50003

Get more data on ZIPs like this

Get more data on ZIPs like this