How much is a home worth in ZIP code 50315?

The typical home in 50315 is worth $197,166, based on the Zillow Home Value Index.

Are home values rising in 50315?

Home values in 50315 are up 0.8% over the past year, and up 5.1% a year over five years.

What is the typical rent in 50315?

A typical home in 50315 rents for about $1,144 a month, a gross rental yield of 7.0%.

What is the property tax rate in 50315?

The effective property tax rate in 50315 is 1.7% — roughly $3,413 a year on a typical home.

ZIP code 50315 has a population of 34,816 and a median household income of $60,590.

HousingHandbookReference data

…

U.S. ZIP Code · IA50315

Polk County · Des Moines-West Des Moines, IA

Typical home value

$197,166^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +0.8%
5-year / yr: +5.1%
10-year / yr: +6.3%

Relative price

vs U.S.: -30.6%
vs metro: -31.1%
vs state: -3.6%

Price history

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

The typical home in 50315 is worth $197,166 — 31.1% below the Des Moines-West Des Moines, IA median. Over the past year, values have risen 0.8%. Homes here rent for a typical $1,144 a month — a 7.0% 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: $1,144^[2]
Gross yield: 7.0%^[2]
Cap rate: 4.2%^[2]

#Property tax

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

Effective tax rate: 1.7%^[3]
Typical annual tax: $3,413^[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: 34,816^[3]
Median household income: $60,590^[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: 11
Elementary: 9
Middle: 1
High: 1

Lincoln High School
High · Grades 9–12 · Des Moines Independent Comm School District
2,441 students
Weeks Middle School
Middle · Grades 6–8 · Des Moines Independent Comm School District
668 students
Studebaker Elementary School
Elementary · Grades K–5 · Des Moines Independent Comm School District
553 students
Morris Elementary School
Elementary · Grades K–5 · Des Moines Independent Comm School District
498 students
Jackson Elementary School
Elementary · Grades PK–5 · Des Moines Independent Comm School District
495 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 yield7.0%

Net yield (after ~40% expenses)4.2%

Annual rent$13,724

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$997

Loan principal$157,733

Down payment$39,433

Total interest paid$201,179

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 ratio1.26

Monthly cost to own$1,446

Monthly rent$1,144

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: 50th percentile^[1]
Rental yield: 86th percentile^[2]
Property tax: 94th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 50315?: The typical home in 50315 is worth $197,166, based on the Zillow Home Value Index.
Are home values rising in 50315?: Home values in 50315 are up 0.8% over the past year, and up 5.1% a year over five years.
What is the typical rent in 50315?: A typical home in 50315 rents for about $1,144 a month, a gross rental yield of 7.0%.
What is the property tax rate in 50315?: The effective property tax rate in 50315 is 1.7% — roughly $3,413 a year on a typical home.
Who lives in 50315?: ZIP code 50315 has a population of 34,816 and a median household income of $60,590.

#Comparable ZIPs

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

50002 vs 50315 →
Adair, IA
Typical home
$197,224
Gross yield
—
50048 vs 50315 →
Casey, IA
Typical home
$199,151
Gross yield
—
50317
Des Moines, IA
Typical home
$194,056
Gross yield
8.0%
50208
Newton, IA
Typical home
$204,532
Gross yield
4.6%
50313
Des Moines, IA
Typical home
$187,804
Gross yield
8.2%
50115
Guthrie Center, IA
Typical home
$206,633
Gross yield
—

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#Jump to section

U.S. ZIP Code · IA50315

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