How much is a home worth in ZIP code 50316?

The typical home in 50316 is worth $165,023, based on the Zillow Home Value Index.

Are home values rising in 50316?

Home values in 50316 are down 0.4% over the past year, and up 4.9% a year over five years.

What is the typical rent in 50316?

A typical home in 50316 rents for about $1,331 a month, a gross rental yield of 9.7%.

What is the property tax rate in 50316?

The effective property tax rate in 50316 is 1.4% — roughly $2,304 a year on a typical home.

ZIP code 50316 has a population of 16,710 and a median household income of $56,090.

HousingHandbookReference data

…

U.S. ZIP Code · IA50316

Polk County · Des Moines-West Des Moines, IA

Typical home value

$165,023^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -0.4%
5-year / yr: +4.9%
10-year / yr: +7.6%

Relative price

vs U.S.: -41.9%
vs metro: -42.3%
vs state: -19.4%

Price history

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

The typical home in 50316 is worth $165,023 — 42.3% below the Des Moines-West Des Moines, IA median. Over the past year, values have fallen 0.4%. Homes here rent for a typical $1,331 a month — a 9.7% 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: $1,331^[2]
Gross yield: 9.7%^[2]
Cap rate: 5.8%^[2]

#Property tax

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

Effective tax rate: 1.4%^[3]
Typical annual tax: $2,304^[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: 16,710^[3]
Median household income: $56,090^[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: 6
Elementary: 4
Middle: 1
High: 1

East High School
High · Grades 9–12 · Des Moines Independent Comm School District
2,014 students
Capitol View Elementary School
Elementary · Grades PK–5 · Des Moines Independent Comm School District
545 students
Hiatt Middle School
Middle · Grades 6–8 · Des Moines Independent Comm School District
466 students
Carver Elementary
Elementary · Grades PK–5 · Des Moines Independent Comm School District
419 students
Cattell Elementary School
Elementary · Grades K–5 · Des Moines Independent Comm School District
308 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 yield9.7%

Net yield (after ~40% expenses)5.8%

Annual rent$15,975

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$834

Loan principal$132,018

Down payment$33,005

Total interest paid$168,382

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 ratio0.87

Monthly cost to own$1,164

Monthly rent$1,331

Owning 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: 39th percentile^[1]
Rental yield: 100th percentile^[2]
Property tax: 58th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

2nd for highest rental yield in IAView list →

Frequently asked

How much is a home worth in ZIP code 50316?: The typical home in 50316 is worth $165,023, based on the Zillow Home Value Index.
Are home values rising in 50316?: Home values in 50316 are down 0.4% over the past year, and up 4.9% a year over five years.
What is the typical rent in 50316?: A typical home in 50316 rents for about $1,331 a month, a gross rental yield of 9.7%.
What is the property tax rate in 50316?: The effective property tax rate in 50316 is 1.4% — roughly $2,304 a year on a typical home.
Who lives in 50316?: ZIP code 50316 has a population of 16,710 and a median household income of $56,090.

#Comparable ZIPs

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

50314 vs 50316 →
Des Moines, IA
Typical home
$164,442
Gross yield
7.0%
50128 vs 50316 →
Jamaica, IA
Typical home
$169,182
Gross yield
—
50220
Perry, IA
Typical home
$171,110
Gross yield
6.2%
50026
Bagley, IA
Typical home
$156,888
Gross yield
—
50058
Coon Rapids, IA
Typical home
$177,312
Gross yield
—
50313
Des Moines, IA
Typical home
$187,804
Gross yield
8.2%

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

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Pit ZIP 50316 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · IA50316

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