HousingHandbookReference data

U.S. ZIP Code · IA50662

Fayette County

Typical home value

$112,245[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+8.0%
5-year / yr
+5.5%
10-year / yr
+5.9%

Relative price

vs U.S.
-60.5%
vs metro
vs state
-45.1%
ZIP 50662 location in IA
Location of ZIP 50662 in IA

Price history

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

The typical home in 50662 is worth $112,245. Over the past year, values have risen 8.0%. 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
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

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

Effective tax rate
1.4%[3]
Typical annual tax
$1,552[3]

#Climate risk

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

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

#Who lives here

Population
6,576[3]
Median household income
$48,646[3]

#Migration

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

Net migration
-30[5]
Moved in
399
Moved out
429

Schools

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

Public schools
4
Elementary
1
Middle
1
High
1
  • Oelwein Middle School

    Middle · Grades 5–8 · Oelwein Comm School District

    365 students

  • Oelwein High School

    High · Grades 9–12 · Oelwein Comm School District

    341 students

  • Wings Park Elementary School

    Elementary · Grades 1–4 · Oelwein Comm School District

    323 students

  • Oelwein Online School

    Other · Grades PK–12 · Oelwein Comm School District

    136 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 yield
Net yield (after ~40% expenses)
Annual rent

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$568
Loan principal$89,796
Down payment$22,449
Total interest paid$114,530

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 ratio
Monthly cost to own$790
Monthly rent

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
[1]
Rental yield
[2]
Property tax
[3]

Frequently asked

How much is a home worth in ZIP code 50662?
The typical home in 50662 is worth $112,245, based on the Zillow Home Value Index.
Are home values rising in 50662?
Home values in 50662 are up 8.0% over the past year, and up 5.5% a year over five years.
What is the property tax rate in 50662?
The effective property tax rate in 50662 is 1.4% — roughly $1,552 a year on a typical home.
Who lives in 50662?
ZIP code 50662 has a population of 6,576 and a median household income of $48,646.

Compare ZIPs

Pit ZIP 50662 against any other ZIP — full side-by-side table.

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