How much is a home worth in ZIP code 51503?

The typical home in 51503 is worth $305,901, based on the Zillow Home Value Index.

Are home values rising in 51503?

Home values in 51503 are up 3.2% over the past year, and up 6.0% a year over five years.

What is the typical rent in 51503?

A typical home in 51503 rents for about $1,151 a month, a gross rental yield of 4.5%.

What is the property tax rate in 51503?

The effective property tax rate in 51503 is 1.3% — roughly $4,060 a year on a typical home.

ZIP code 51503 has a population of 37,972 and a median household income of $79,010.

HousingHandbookReference data

…

U.S. ZIP Code · IA51503

Pottawattamie County · Omaha, NE-IA

Typical home value

$305,901^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +3.2%
5-year / yr: +6.0%
10-year / yr: +5.8%

Relative price

vs U.S.: +7.7%
vs metro: ≈ metro median
vs state: +49.5%

Price history

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

The typical home in 51503 is worth $305,901. Over the past year, values have risen 3.2%. Homes here rent for a typical $1,151 a month — a 4.5% gross rental yield. The effective property tax rate is 1.3%.

#Rent & investment

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

Monthly rent: $1,151^[2]
Gross yield: 4.5%^[2]
Cap rate: 2.7%^[2]

#Property tax

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

Effective tax rate: 1.3%^[3]
Typical annual tax: $4,060^[3]

#Climate risk

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

Overall risk: Relatively Low^[4]
Riverine flood: Relatively Moderate
Coastal flood: Not Applicable
Wildfire: Relatively Low
Drought: Relatively Moderate
Heat wave: Relatively Moderate
Hurricane: No Rating
Tornado: Relatively High
Earthquake: Very Low
Winter weather: Relatively Moderate

#Who lives here

Population: 37,972^[3]
Median household income: $79,010^[3]

#Migration

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

Net migration: +28^[5]
Moved in: 2,208
Moved out: 2,180

Schools

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

Public schools: 8
Elementary: 4
Middle: 2
High: 2

Abraham Lincoln High School
High · Grades 9–12 · Council Bluffs Comm School District
1,358 students
Lewis Central Senior High School
High · Grades 9–12 · Lewis Central Comm School District
1,002 students
Gerald W Kirn Middle School
Middle · Grades 6–8 · Council Bluffs Comm School District
914 students
Titan Hill Intermediate School
Elementary · Grades 2–5 · Lewis Central Comm School District
910 students
Lewis Central Middle School
Middle · Grades 6–8 · Lewis Central Comm School District
730 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 yield4.5%

Net yield (after ~40% expenses)2.7%

Annual rent$13,814

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$1,547

Loan principal$244,721

Down payment$61,180

Total interest paid$312,128

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 ratio1.86

Monthly cost to own$2,141

Monthly rent$1,151

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: 68th percentile^[1]
Rental yield: 14th percentile^[2]
Property tax: 47th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

8th for most populous in IAView list →

Frequently asked

How much is a home worth in ZIP code 51503?: The typical home in 51503 is worth $305,901, based on the Zillow Home Value Index.
Are home values rising in 51503?: Home values in 51503 are up 3.2% over the past year, and up 6.0% a year over five years.
What is the typical rent in 51503?: A typical home in 51503 rents for about $1,151 a month, a gross rental yield of 4.5%.
What is the property tax rate in 51503?: The effective property tax rate in 51503 is 1.3% — roughly $4,060 a year on a typical home.
Who lives in 51503?: ZIP code 51503 has a population of 37,972 and a median household income of $79,010.

#Comparable ZIPs

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

68366 vs 51503 →
Greenwood, NE
Typical home
$306,378
Gross yield
—
68114 vs 51503 →
Omaha, NE
Typical home
$309,215
Gross yield
5.4%
51571
Silver City, IA
Typical home
$302,465
Gross yield
—
51559
Bentley CDP, IA
Typical home
$309,988
Gross yield
—
68048
Plattsmouth, NE
Typical home
$310,885
Gross yield
—
68128
La Vista, NE
Typical home
$312,270
Gross yield
5.2%

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Pit ZIP 51503 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · IA51503

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