HousingHandbookReference data

U.S. ZIP Code · IA50311

Polk County · Des Moines-West Des Moines, IA

Typical home value

$231,880[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
-0.2%
5-year / yr
+4.6%
10-year / yr
+5.5%

Relative price

vs U.S.
-18.4%
vs metro
-19.0%
vs state
+13.3%
ZIP 50311 location in IA
Location of ZIP 50311 in IA

Price history

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

The typical home in 50311 is worth $231,880 — 19.0% below the Des Moines-West Des Moines, IA median. Over the past year, values have fallen 0.2%. Homes here rent for a typical $940 a month — a 4.9% gross rental yield. The effective property tax rate is 1.7%.

#Rent & investment

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

Monthly rent
$940[2]
Gross yield
4.9%[2]
Cap rate
2.9%[2]

#Property tax

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

Effective tax rate
1.7%[3]
Typical annual tax
$3,987[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
14,574[3]
Median household income
$61,957[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
2
Elementary
2
Middle
0
High
0
  • Perkins Elementary School

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

    444 students

  • Windsor Elementary

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

    267 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 yield4.9%
Net yield (after ~40% expenses)2.9%
Annual rent$11,277

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$1,173
Loan principal$185,504
Down payment$46,376
Total interest paid$236,600

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 ratio1.81
Monthly cost to own$1,698
Monthly rent$940

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
28th percentile[1]
Rental yield
38th percentile[2]
Property tax
93rd percentile[3]

Frequently asked

How much is a home worth in ZIP code 50311?
The typical home in 50311 is worth $231,880, based on the Zillow Home Value Index.
Are home values rising in 50311?
Home values in 50311 are down 0.2% over the past year, and up 4.6% a year over five years.
What is the typical rent in 50311?
A typical home in 50311 rents for about $940 a month, a gross rental yield of 4.9%.
What is the property tax rate in 50311?
The effective property tax rate in 50311 is 1.7% — roughly $3,987 a year on a typical home.
Who lives in 50311?
ZIP code 50311 has a population of 14,574 and a median household income of $61,957.

#Comparable ZIPs

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

  • Dexter, IA

    Typical home
    $231,475
    Gross yield
  • Dawson, IA

    Typical home
    $233,288
    Gross yield
  • Hartford, IA

    Typical home
    $230,020
    Gross yield
  • Des Moines, IA

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

    Typical home
    $236,038
    Gross yield
  • Reasnor, IA

    Typical home
    $237,612
    Gross yield

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