JeffCroweCRE

Housing market/Iowa/ZIP 50023

ACS 2023 · FY2027 SAFMR

ZIP 50023 Ankeny, Iowa

Des Moines-West Des Moines, IA HUD Metro FMR Area · Iowa. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
45,286
Households
17,216
Median HH income
$113,914
Renter share
29.6%
Median gross rent
$1,191
Vacancy
3.4%
Pop. change
+24.2%
2BR SAFMR
$1,460
SAFMR / rent
1.226×
2–49 unit stock
3,926
LIHTC proj / units
1 / 48
HUD assisted MF
1 / 14

ZIP brief

Email this profile

HUD schedule, ACS stock, and the 90–110% band for ZIP 50023 · IA — sent to you.

ZIP 50023 · IA

By checking this box you agree that you may be referred to another real estate broker or related service and acknowledge that CENTURY 21 The Avenues licensees and/or affiliates may be paid a valuable consideration for facilitating such referral.

ACS rent vs 2BR SAFMR

ZIP 50023 — Ankeny, IA HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,191
2BR SAFMR$1,460
90% floor$1,314
110% ceiling$1,606

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 50023

  • 1-unit detached10,59559.4%
  • 1-unit attached2,60714.6%
  • 2–4 units4322.4%
  • 5–49 units3,49419.6%
  • 50+ units6473.6%
  • Mobile470.3%
TypeUnitsShare
1-unit detached10,59559.4%
1-unit attached2,60714.6%
2 units (duplex)1660.9%
3–4 units2661.5%
5–9 units1,3817.7%
10–19 units9455.3%
20–49 units1,1686.6%
50+ units6473.6%
Mobile470.3%

2–4 unit share 2.4% · 5–49 unit share 19.6% · combined 2–49 22.0%.

Units by bedrooms

Studio
313
1BR
1,906
2BR
3,717
3BR
6,298
4BR
3,995
5+
1,593

Rent burden

Rent ≥30% of income33.9%
Rent ≥50% of income11.9%
  • ACS median gross rent $1,191 (all bedrooms, occupied rentals).
  • Median contract rent $1,073.
  • Renters paying ≥30% of income 33.9%; ≥50% 11.9%.
  • FY2027 2BR SAFMR $1,460 (1.226× ACS median gross rent).

Population

45,286 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +24.2%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 1 projects, 48 units.
  • HUD project-based assisted MF: 1 properties, 14 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 2,310 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 50023 29.6% of occupied households are renters; vacancy is 3.4%; ACS median gross rent is $1,191; population increased +24.2% between the 2018 and 2023 ACS vintages; the housing stock includes 432 units in 2–4-unit structures and 3,494 units in 5–49-unit structures; 1 LIHTC projects totaling 48 units; FY2027 2BR SAFMR is $1,460 versus ACS median gross rent of $1,191. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

Iowa research

ZIP 50023 is a Census / HUD profile for Des Moines-West Des Moines, IA. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 50023 — Ankeny, IA HUD Section 8 Payment Standards / SAFMR·Iowa ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
50001Des Moines-West Des Moines, IA HUD Metro FMR Area14.1%$1,408$1,68050003Des Moines-West Des Moines, IA HUD Metro FMR Area22.9%$858$1,20050007Des Moines-West Des Moines, IA HUD Metro FMR Area0.0%—$1,18050009Des Moines-West Des Moines, IA HUD Metro FMR Area29.7%$1,201$1,44050021Des Moines-West Des Moines, IA HUD Metro FMR Area25.6%$1,434$1,69050032Des Moines-West Des Moines, IA HUD Metro FMR Area14.0%—$1,43050033Des Moines-West Des Moines, IA HUD Metro FMR Area42.9%—$1,09050035Des Moines-West Des Moines, IA HUD Metro FMR Area8.7%$1,097$1,40050038Des Moines-West Des Moines, IA HUD Metro FMR Area0.0%—$1,26050039Des Moines-West Des Moines, IA HUD Metro FMR Area33.8%$890$1,09050046Des Moines-West Des Moines, IA HUD Metro FMR Area10.9%$1,005$1,16050047Des Moines-West Des Moines, IA HUD Metro FMR Area17.5%$1,144$1,630

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Iowa research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 50023?

ZIP 50023 (Des Moines-West Des Moines, IA HUD Metro FMR Area) has 45,286 residents, 17,216 households, a renter share of 29.6%, median household income of $113,914, and ACS 2023 median gross rent of $1,191. Vacancy is 3.4%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 50023?

ACS counts 166 units in 2-unit buildings, 266 in 3–4 unit buildings, 1,381 in 5–9, 945 in 10–19, and 1,168 in 20–49. Combined 2–49 unit stock is 3,926 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 50023?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,460. See the full schedule and 90–110% payment-standard band on the ZIP 50023 — Ankeny, IA HUD Section 8 Payment Standards / SAFMR.

Does this Iowa ZIP profile include Georgia listings?

No. ZIP 50023 is Census / HUD research for Des Moines-West Des Moines, IA HUD Metro FMR Area. Jeff Crowe CRE does not list Iowa property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.