Real Estate Investing in Urbandale, Iowa (50323)
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Should you buy in 50323 (Urbandale, IA)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Urbandale, IA (50323)?
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Market Analysis: 50323 Urbandale
This part of Polk County is not an easy win. The 50323 ZIP clocks in at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 50323 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
In the broader IA picture, 50323 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The 50323 ZIP's population of 17,065 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that posts the need for careful underwriting.
The right play in 50323 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Urbandale:
Property Strategy for 50323
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $241,992 | $1,620 | 4.8% | +3.1% | $120,996 |
| 3BR | $358,057 | $2,210 | 4.4% | +4.6% | $119,352 |
| 4BR | $477,949 | $2,260 | 3.4% | +5.2% | $119,487 |
| 5BR | $624,064 | — | — | +5.4% | $124,813 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 50323 Compare?
| Metric | 50323 | Urbandale | Des Moines-West Des Moines, IA | Iowa |
|---|---|---|---|---|
| Home Value | $458,941 | $377,160 | N/A | $227,232 |
| 5-Year CAGR | 3.3% | 4.0% | N/A | 6.0% |
| Avg Rent | $1,723 | $1,415 | N/A | - |
| Cap Rate | 2.9% | 2.9% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 50323 (Urbandale, IA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $458,941 |
| Monthly Rent | $1,723 |
| Price-to-Rent | 22.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.5% |
| Cap Rate | 2.9% |
| 5-Year IRR | 6.2% |
📈 Home Appreciation
| 1-Year | +0.0% ▲ |
| 3-Year CAGR | +0.8% ▲ |
| 5-Year CAGR | +3.3% ▲ |
| 10-Year CAGR | +3.5% ▲ |
🏠 Rent Trends
| 1-Year | +9.0% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.9%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 50323
Population: 17,065
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 50323
Schools in This ZIP Code
Nearby Schools (3 more)
Schools in adjacent ZIP codes that may serve this area
Crestview School of Inquiry
Indian Hills Junior High School
Shuler Elementary School
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
What price range are homes in Urbandale, IA?
Expect median prices around $459K in Urbandale, IA. The market has run at a 0.0% 5-year CAGR, so entry costs have been even-keeled.
How deep is the rental pool in Urbandale, IA?
Tenant quality in Urbandale, IA ranks as solid. Landlords generally report steady occupancy at market rents of $1,723/mo.
Can I live-in-and-rent in Urbandale, IA?
House hacking in Urbandale, IA is reasonable to execute. Prices around $459K and rents of $1,723/mo solid owner-occupant economics.
How landlord-friendly is Urbandale, IA?
For rental operators, Urbandale, IA rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
How much rent can I charge in Urbandale, IA?
Investors in Urbandale, IA typically see rents near $1,723/mo per month against $459K home values - a solid setup for rental cash flow.
You know 50323 now. You don’t know where it ranks.
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How 50323 ranks in Des Moines-West Des Moines, IA
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