Ames, IA · Iowa
Boone County
ZIP 50040
26,669 residents204 permits TTM$79,741 median HHI8 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$191,200
ACS 5-Year
Cap rate proxy
5.2%
FMR × 0.65 ÷ Home Value
Rent-to-income
12.4%
HUD FMR ÷ ACS HHI
Net migration
+1.65%
IRS SOI
Permits (TTM)
204
Census BPS
Climate risk
28.4
FEMA NRI (0–100)
ZIP 50040
Median home value
—
Gross yield
—
Cap rate
5.2%
Rent gap
—
Affordability
P/I: 2.4R/I: —
Section 8 detail
SAFMR: —Rent: —Gap: —
ZIP code breakdown8 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate | Rent gap |
|---|---|---|---|---|---|
| 50223 | — | — | — | 5.2% | — |
| 50031 | — | — | — | 5.2% | — |
| 50040 | — | — | — | 5.2% | — |
| 50152 | — | — | — | 5.2% | — |
| 50036 | — | — | — | 4.9% | — |
Ranked by composite score
Compare all ZIPs in Boone County
See all 8 ZIPs ranked by yield and cap rate
Compare yields, cap rates, rent gaps, and affordability across every ZIP. Free account.
- Sortable table — sort by yield, rent gap, affordability
- Drill into any ZIP for full detail
- Save markets and weekly market digest
Free · No credit card · No spam
3
ZIP comparison table. Showing 5 of 8 ZIPs. Sign up to see all.
Demographics
Owner-occupied
81.1%
Census ACS
Vacancy rate
8.9%
Census ACS
Bachelor's degree +
28.7%
Census ACS
Rent burdened
31.2%
Census ACS (>30% income)
Median age
42.2
Census ACS
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 16, 2026