What is the median home value in ZIP 50032 in Polk County, IA?

The median home value in ZIP 50032 in Polk County, IA is $248,400, according to the latest Census ACS 5-Year Estimates.

How much new construction is happening in Polk County, IA?

Polk County has 497,441 residents and issued 4,134 building permits over the trailing twelve months, according to the Census Building Permits Survey.

Des Moines-West Des Moines, IA · Iowa

Polk County

ZIP 50032

497,441 residents4,134 permits TTM$81,621 median HHI33 ZIP codesUpdated April 16, 2026

Investor first look

Median home value

$248,400

ACS 5-Year

Cap rate proxy

6.4%

FMR × 0.65 ÷ Home Value

Rent-to-income

16.4%

HUD FMR ÷ ACS HHI

Net migration

+1.87%

IRS SOI

Permits (TTM)

4,134

Census BPS

Climate risk

92.0

FEMA NRI (0–100)

ZIP 50032

Median home value

$248,400

Gross yield

6.7%

Cap rate

5.4%

Rent gap

19.9%

Affordability

P/I: 3.0R/I: —

Section 8 detail

SAFMR: $1,390Rent: $1,113Gap: 24.9%

ZIP code breakdown33 ZIP codes

ZIP	Median home value	Rent (FMR 2BR)	Gross yield	Cap rate	Rent gap
50313	$182,304	$1,290	8.5%	7.1%	16.8%
50314	$156,823	$1,140	8.7%	7.0%	19.4%
50315	$189,997	$1,230	7.8%	7.0%	10.3%
50316	$159,826	$1,160	8.7%	11.2%	-29.1%
50032	$248,400county est.	$1,390	6.7%	5.4%	19.9%

Ranked by composite score

Median home value	Rent (FMR 2BR)	Gross yield	Cap rate	Rent gap
$188,052	$1,200	7.7%	7.9%	-3.5%
$245,920	$1,370	6.7%	6.4%	3.6%
$315,814	$1,410	5.4%	6.2%	-16.2%
$258,019	$1,260	5.9%	6.2%	-6.1%
$277,582	$1,500	6.5%	5.8%	10.1%
$230,903	$1,280	6.7%	5.6%	15.7%
$248,400county est.	$1,280	6.2%	5.4%	13.1%
$248,400county est.	$1,300	6.3%	5.4%	14.4%
$248,400county est.	$1,240	6.0%	5.4%	10.2%
$224,623	$1,150	6.1%	5.2%	15.5%
$271,611	$960	4.2%	4.9%	-15.9%
$311,301	$1,390	5.4%	4.9%	8.6%
$351,209	$1,440	4.9%	4.9%	1.0%
$345,463	$1,290	4.5%	4.9%	-8.7%
$315,815	$1,680	6.4%	4.8%	24.1%
$282,471	$980	4.2%	4.7%	-13.6%
$305,818	$1,270	5.0%	4.7%	5.5%
$395,056	$1,510	4.6%	4.4%	4.8%
$313,552	$1,410	5.4%	4.3%	21.1%
$287,312	$1,250	5.2%	4.3%	18.5%
$319,132	$980	3.7%	4.2%	-13.6%
$329,285	$1,340	4.9%	4.1%	16.9%
$348,761	$1,330	4.6%	3.8%	16.3%
$287,679	$1,330	5.5%	3.8%	31.6%
$374,022	$1,220	3.9%	3.6%	8.8%
$414,659	$920	2.7%	3.2%	-21.0%
$419,770	$1,030	2.9%	3.2%	-8.1%
$429,108	$1,320	3.7%	3.1%	15.7%

Demographics

Owner-occupied

67.1%

Census ACS

Vacancy rate

5.9%

Census ACS

Bachelor's degree +

39.5%

Census ACS

Rent burdened

42.3%

Census ACS (>30% income)

Median age

36.2

Census ACS

Data sources

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

Polk County

See all 33 ZIPs ranked by yield and cap rate