HousingHandbookReference data

U.S. ZIP Code · IA50309

Polk County · Des Moines-West Des Moines, IA

Typical home value

$244,567[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
-4.2%
5-year / yr
+3.6%
10-year / yr
+6.1%

Relative price

vs U.S.
-13.9%
vs metro
-14.5%
vs state
+19.5%
ZIP 50309 location in IA
Location of ZIP 50309 in IA

Price history

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

The typical home in 50309 is worth $244,567 — 14.5% below the Des Moines-West Des Moines, IA median. Over the past year, values have fallen 4.2%. Homes here rent for a typical $1,267 a month — a 6.2% gross rental yield. The effective property tax rate is 1.4%.

#Rent & investment

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

Monthly rent
$1,267[2]
Gross yield
6.2%[2]
Cap rate
3.7%[2]

#Property tax

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

Effective tax rate
1.4%[3]
Typical annual tax
$3,330[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
10,110[3]
Median household income
$56,777[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
3
Elementary
2
Middle
0
High
1
  • Virtual Campus

    High · Grades 9–12 · Des Moines Independent Comm School District

    387 students

  • Walnut Street School

    Elementary · Grades PK–5 · Des Moines Independent Comm School District

    244 students

  • Downtown School

    Elementary · Grades K–5 · Des Moines Independent Comm School District

    235 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.

Gross yield6.2%
Net yield (after ~40% expenses)3.7%
Annual rent$15,199

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.

Monthly payment$1,237
Loan principal$195,654
Down payment$48,913
Total interest paid$249,546

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.

Own : rent ratio1.36
Monthly cost to own$1,718
Monthly rent$1,267

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
5th percentile[1]
Rental yield
83rd percentile[2]
Property tax
53rd percentile[3]

Frequently asked

How much is a home worth in ZIP code 50309?
The typical home in 50309 is worth $244,567, based on the Zillow Home Value Index.
Are home values rising in 50309?
Home values in 50309 are down 4.2% over the past year, and up 3.6% a year over five years.
What is the typical rent in 50309?
A typical home in 50309 rents for about $1,267 a month, a gross rental yield of 6.2%.
What is the property tax rate in 50309?
The effective property tax rate in 50309 is 1.4% — roughly $3,330 a year on a typical home.
Who lives in 50309?
ZIP code 50309 has a population of 10,110 and a median household income of $56,777.

#Comparable ZIPs

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

  • Reasnor, IA

    Typical home
    $237,612
    Gross yield
  • Colfax, IA

    Typical home
    $236,038
    Gross yield
  • Des Moines, IA

    Typical home
    $235,743
    Gross yield
    4.9%
  • Dawson, IA

    Typical home
    $233,288
    Gross yield
  • Des Moines, IA

    Typical home
    $231,880
    Gross yield
    4.9%
  • Dexter, IA

    Typical home
    $231,475
    Gross yield

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