How much is a home worth in ZIP code 50009?

The typical home in 50009 is worth $318,222, based on the Zillow Home Value Index.

Are home values rising in 50009?

Home values in 50009 are down 0.3% over the past year, and up 4.0% a year over five years.

What is the typical rent in 50009?

A typical home in 50009 rents for about $1,534 a month, a gross rental yield of 5.8%.

What is the property tax rate in 50009?

The effective property tax rate in 50009 is 1.5% — roughly $4,771 a year on a typical home.

ZIP code 50009 has a population of 22,886 and a median household income of $88,447.

HousingHandbookReference data

…

U.S. ZIP Code · IA50009

Polk County · Des Moines-West Des Moines, IA

Typical home value

$318,222^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -0.3%
5-year / yr: +4.0%
10-year / yr: +4.5%

Relative price

vs U.S.: +12.0%
vs metro: +11.2%
vs state: +55.5%

Price history

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

The typical home in 50009 is worth $318,222 — 11.2% above the Des Moines-West Des Moines, IA median. Over the past year, values have fallen 0.3%. Homes here rent for a typical $1,534 a month — a 5.8% gross rental yield. The effective property tax rate is 1.5%.

#Rent & investment

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

Monthly rent: $1,534^[2]
Gross yield: 5.8%^[2]
Cap rate: 3.5%^[2]

#Property tax

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

Effective tax rate: 1.5%^[3]
Typical annual tax: $4,771^[3]

#Climate risk

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

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

#Who lives here

Population: 22,886^[3]
Median household income: $88,447^[3]

#Migration

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

Net migration: +468^[5]
Moved in: 12,860
Moved out: 12,392

Schools

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

Public schools: 4
Elementary: 4
Middle: 0
High: 0

Clay Elementary
Elementary · Grades PK–5 · Southeast Polk Comm School District
670 students
Willowbrook Elementary
Elementary · Grades PK–5 · Southeast Polk Comm School District
546 students
Altoona Elementary
Elementary · Grades PK–5 · Southeast Polk Comm School District
423 students
Centennial Elementary
Elementary · Grades PK–5 · Southeast Polk Comm School District
409 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 yield5.8%

Net yield (after ~40% expenses)3.5%

Annual rent$18,407

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$1,609

Loan principal$254,578

Down payment$63,644

Total interest paid$324,700

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 ratio1.48

Monthly cost to own$2,272

Monthly rent$1,534

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: 12th percentile^[1]
Rental yield: 76th percentile^[2]
Property tax: 75th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 50009?: The typical home in 50009 is worth $318,222, based on the Zillow Home Value Index.
Are home values rising in 50009?: Home values in 50009 are down 0.3% over the past year, and up 4.0% a year over five years.
What is the typical rent in 50009?: A typical home in 50009 rents for about $1,534 a month, a gross rental yield of 5.8%.
What is the property tax rate in 50009?: The effective property tax rate in 50009 is 1.5% — roughly $4,771 a year on a typical home.
Who lives in 50009?: ZIP code 50009 has a population of 22,886 and a median household income of $88,447.

#Comparable ZIPs

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

50021 vs 50009 →
Ankeny, IA
Typical home
$318,792
Gross yield
5.5%
50327 vs 50009 →
Pleasant Hill, IA
Typical home
$317,415
Gross yield
4.9%
50073
Elkhart, IA
Typical home
$314,885
Gross yield
—
50168
Mingo, IA
Typical home
$323,482
Gross yield
—
50265
West Des Moines, IA
Typical home
$312,610
Gross yield
4.9%
50125
Indianola, IA
Typical home
$311,739
Gross yield
4.6%

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#Jump to section

U.S. ZIP Code · IA50009

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