ZIP 50511 · Algona, Iowa

Population

7,240 people call ZIP 50511 home.

7,240

people.

Census ACS 5-year, 2020-2024. Sources: Census ACS 5-year

Rent

Median rent is up 52% since the 2010–2014 survey, before inflation.

$890

a month. Iowa's median is $972.

Census ACS 5-year, 2020-2024 (latest), with earlier 5-year windows. Sources: Census ACS 5-year

Room to build

Local wages can carry more rent than the median charged today.

$1,166–$1,750

is the monthly rent range local workforce wages support.

• $890 median

Supportable rent computed by the Almanac from 2023 source wage data. Median rent: Census ACS 5-year, 2020-2024. Sources: Computed by the Almanac, Census ACS 5-year

Building

Most of the housing here is older than 2000.

• 82% of all homes were built before 2000

Census ACS 5-year, 2020-2024. Sources: Census ACS 5-year

Units needed

Closing the gap would add 0.2–1.3% to the 3,488 homes here.

7–47

is the estimated number of missing housing units, from the lowest to the highest of three estimates.

Range computed by the Almanac from 2023 jobs and household data, using three demand models: 1% of jobs located here, 1% of renter households, and a rate by town size applied to renters. The low end is the lowest of the three and the high end the highest. It is an estimate, not a count. Sources: Computed by the Almanac

Home value

A median home costs 13% less than Iowa's.

$180,800

median home value in ZIP 50511.

• $180,800 ZIP 50511
• $208,000 Iowa
• $332,700 U.S.

Census ACS 5-year, 2020-2024. Sources: Census ACS 5-year