Des Moines-West Des Moines, IA · Iowa
Dallas County
ZIP 50038
104,136 residents810 permits TTM$102,349 median HHI13 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$333,400
ACS 5-Year
Cap rate proxy
4.7%
FMR × 0.65 ÷ Home Value
Rent-to-income
14.5%
HUD FMR ÷ ACS HHI
Net migration
+3.57%
IRS SOI
Permits (TTM)
810
Census BPS
Climate risk
60.6
FEMA NRI (0–100)
ZIP 50038
Median home value
$333,400
Gross yield
4.3%
Buy Box score
—
Section 8 gap
-3.1%
Affordability
P/I: 3.3R/I: —
Section 8 detail
SAFMR: $1,200Rent: $1,239Gap: -3.1%
ZIP code breakdown13 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate ↓ | Rent gap |
|---|---|---|---|---|---|
| 50233 | $214,226 | $1,270 | 7.1% | 6.9% | 2.4% |
| 50220 | $166,274 | $1,090 | 7.9% | 6.6% | 15.6% |
| 50069 | $257,455 | $1,020 | 4.8% | 5.8% | -21.5% |
| 50263 | $340,897 | $1,490 | 5.2% | 5.3% | -0.8% |
| 50266 | $329,605 | $1,590 | 5.8% | 5.0% | 13.8% |
| 50063 | $320,858 | $960 | 3.6% | 4.6% | -29.1% |
| 50038 | $333,400county est. | $1,200 | 4.3% | 4.5% | -3.3% |
| 50039 | $333,400county est. | $1,030 | 3.7% | 4.5% | -20.3% |
| 50066 | $333,400county est. | $1,110 | 4.0% | 4.5% | -11.6% |
| 50146 | $333,400county est. | $1,640 | 5.9% | 4.5% | 24.4% |
| 50167 | $333,400county est. | $1,080 | 3.9% | 4.5% | -14.7% |
| 50003 | $386,461 | $1,130 | 3.5% | 4.2% | -18.8% |
| 50323 | $451,863 | $1,620 | 4.3% | 3.3% | 22.8% |
Sort by any column. Click a ZIP for detail. Rent gap: green = HUD FMR above market rent.
Demographics
Owner-occupied
69.5%
Census ACS
Vacancy rate
5.4%
Census ACS
Bachelor's degree +
51.6%
Census ACS
Rent burdened
34.0%
Census ACS (>30% income)
Median age
35.8
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