ZIP Code · IA

ZIP 50010

Part of Ames, IA
Pop. 33,799·Story County·28th most expensive ZIP in Iowa
Median rent (all units)
$1,251/mo
Year-over-Year
+4.3%
Month-over-Month
-0.6%
vs US Median
-$681
Reported rents
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 50010 · $1,251
More affordable than 89% of US ZIP codes · National median $1,932/mo
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Medians by bedroom

Rent by unit size

Studio
$970
1 BR
$1,020
2 BR
$1,150
3 BR
$1,600
4 BR+
$1,930
Research median
$1,150/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

September. Asking rents in ZIP 50010 usually run 1.2% below trend in September and 1.6% above it in January, about $35 a month apart at today's median. Based on 6 years of data.

Compared with the peak

Rent in ZIP 50010 is 0.6% below its high of $1,259 in August 2026, at $1,251 as of September 2026.

Past year vs. the rest of Iowa

Rent in ZIP 50010 changed +4.3% over the year to September 2026. Across the 45 Iowa ZIP codes Zillow tracks, the typical change was +4.3%.

Recent direction

Rent rose in 8 of the last 12 months.

What a typical income covers

30% of the median household income ($65,398) is $1,635 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($1,600); a 4-bedroom is $1,930.

From Zillow's monthly rent index (ZORI) for ZIP 50010. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost
$15,012/yr
At $1,251/mo median
Location
CityAmes
StateIA
CountyStory County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (4.3% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+4.3% YoY, -0.6% MoM), not inventory.
Demographics

Who lives here

ZIP 50010 (Ames, IA) is roughly split between renters and owners, skews toward younger working-age adults, has a median income below the national average, 62.7% of residents hold a bachelor's degree or higher.

Population
33,799
Median income
$65,398
Median age
28.8
Renters
46.8%
Age distribution
14.3%
43.7%
17.2%
15.9%
Under 1814.3%
18–3443.7%
35–5417.2%
55–648.8%
65+15.9%
Gender
50.2%
49.8%
Male50.2%
Female49.8%
Race & ethnicity
81.3%
White81.3%
Black3.6%
Hispanic5.6%
Asian7.2%
Other2.3%
Education (25+)
12.9%
22.3%
62.7%
No HS diploma2.2%
HS diploma12.9%
Some college22.3%
Bachelor's+62.7%
Housing tenure
53.2%
46.8%
Owner53.2%
Renter46.8%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 50010 in Ames, IA has changed in 5 years

Rent
$994 → $1,251
up 25.9%
Income
$60,432 → $65,398
up 8.2%
Population
34,036 → 33,799
down 0.7%
Renter share
46.5% → 46.8%
+0.3 pts
Bachelor's+
57.5% → 62.7%
+5.2 pts

Compared with 2021, rent in ZIP 50010 in Ames, IA has climbed by $257 per month, settling near $1,251 after starting the period at $994. Census figures show median household income at $65,398 today, compared with $60,432 five years earlier. Rent outpaced income growth by roughly 17.7 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 57.5% to 62.7%. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

Community

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Local insights

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About renting in ZIP 50010

Last updated: October 17, 2026

ZIP code 50010 covers Ames, IA. The median rent here is $1,251/mo as of October 2026. A 1-bedroom rents for a median of $1,020/mo. A 2-bedroom rents for a median of $1,150/mo.

At 23% of local median household income ($65,398/yr), ZIP 50010 ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.3% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 50010?

To keep rent at or below 30% of gross income, you would need to earn at least $50,000/year (about $24/hour full-time) to afford the median rent of $1,251/mo in ZIP 50010. The local median household income is $65,398/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 50010?

Rent in ZIP 50010 has risen 4.3% over the past year as of September 2026. It sits 0.6% below its high of $1,259 in August 2026.

When is the cheapest time to rent in ZIP 50010?

Asking rents in ZIP 50010 are usually lowest in September, about 1.2% below their yearly trend, and highest in January, about 1.6% above it. At today's median that is a gap of roughly $35 a month. This pattern comes from 6 years of Zillow rent data.

How does ZIP 50010 compare to other ZIPs in Iowa?

ZIP 50010 is in the middle among Iowa ZIP codes for rent, ranking #28 of 54 at $1,251/mo. Over the year to September 2026, rent in ZIP 50010 changed +4.3%, against a typical +4.3% across the 45 Iowa ZIP codes Zillow tracks.

How does ZIP 50010 compare to the rest of Ames?

At $1,251/mo, ZIP 50010 is $11 above the Ames citywide median of $1,240/mo.
Income Affordability
23%
VERY AFFORDABLE

At $1,251/mo, rent takes ~23% of ZIP 50010's median household income ($65,398/yr). The standard benchmark is 30%.

ZIP 50010 23%Benchmark 30%
State income tax3.8%
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