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ZIP Code · IA

ZIP 50023

Part of Ankeny, IA
Pop. 46,306·Polk County·6th most expensive ZIP in Iowa
Median rent (all units)
$1,518/mo
Year-over-Year
+6.2%
Month-over-Month
+3.0%
vs US Median
-$447
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 50023 · $1,518
More affordable than 72% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,160
1 BR
$1,210
2 BR
$1,440
3 BR
$1,960
4 BR+
$2,010
Research median
$1,440/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: July 20, 2026

Annual cost
$18,216/yr
At $1,518/mo median
Location
CityAnkeny
StateIA
CountyPolk County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 6.2% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+6.2% YoY, +3.0% MoM), not inventory.
Demographics

Who lives here

ZIP 50023 (Ankeny, IA) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 53.4% of residents hold a bachelor's degree or higher.

Population
46,306
Median income
$117,826
Median age
33.2
Renters
28.5%
Age distribution
27.7%
25.1%
28.8%
Under 1827.7%
18–3425.1%
35–5428.8%
55–647.6%
65+10.8%
Gender
51%
49%
Male51%
Female49%
Race & ethnicity
89.3%
White89.3%
Black2%
Hispanic3.9%
Asian2.9%
Other1.8%
Education (25+)
15.1%
30%
53.4%
No HS diploma1.5%
HS diploma15.1%
Some college30%
Bachelor's+53.4%
Housing tenure
71.5%
28.5%
Owner71.5%
Renter28.5%

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

2021 vs 2026

How ZIP 50023 in Ankeny, IA has changed in 5 years

Rent
$1,159 → $1,518
up 31.0%
Income
$97,582 → $117,826
up 20.7%
Population
42,550 → 46,306
up 8.8%
Renter share
28.5% → 28.5%
+0.0 pts
Bachelor's+
53.6% → 53.4%
-0.2 pts
Median age
32.3 → 33.2
+0.9 yrs

Five years ago, renters in ZIP 50023 in Ankeny, IA paid around $1,159 a month. That figure now sits near $1,518, up 31.0% from the 2021 baseline. Household income in the area moved from $97,582 to $117,826 across the same window, up 20.7% versus 2021. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 50023 in Ankeny, IA adding about 3,756 residents over the five-year window, up 8.8% on net. Reading these numbers side by side helps frame whether current listings in ZIP 50023 in Ankeny, IA look reasonable against where the market sat half a decade ago.

Community

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Local insights

Tips for renters in ZIP 50023

About renting in ZIP 50023

Last updated: July 20, 2026

ZIP code 50023 covers Ankeny, IA. The median rent here is $1,518/mo as of July 2026. A 1-bedroom rents for a median of $1,210/mo. A 2-bedroom rents for a median of $1,440/mo.

At 15% of local median household income ($117,826/yr), ZIP 50023 ranks as affordable compared to the national benchmark of 30%. Rents have increased 6.2% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 50023?

As of July 20, 2026, the median monthly rent in ZIP 50023 (Ankeny, IA) is $1,518. This is based on aggregated data from public sources and community submissions.

How does ZIP 50023 rent compare to the US average?

ZIP 50023's median rent of $1,518/mo is $447 (23%) below the US national median of $1,965/mo.

How does ZIP 50023 compare to other ZIPs in Iowa?

ZIP 50023 is one of the pricier ZIP codes in Iowa, ranking #6 out of 55 ZIPs tracked at $1,518/mo.

How much income do you need to rent in ZIP 50023?

To keep rent at or below 30% of gross income, you would need to earn at least $61,000/year (~$29/hour full-time) to afford the median rent of $1,518/mo in ZIP 50023. The local median household income is $117,826/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 50023?

Rent in ZIP 50023 has increased 6.2% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 50023 an affordable place to rent?

ZIP 50023 is considered very affordable for renters. At $1,518/mo, rent takes approximately 15% of the local median household income ($117,826/yr). The standard benchmark is 30%. ZIP 50023 falls comfortably within that range.

What percentage of ZIP 50023 residents rent vs. own?

According to Census data, approximately 28.5% of ZIP 50023 households are renters, while 71.5% are owner-occupied. ZIP 50023 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 50023 compare to the rest of Ankeny?

ZIP 50023 is more affordable than Ankeny overall. At $1,518/mo, it's $2 below the Ankeny citywide median of $1,520/mo.

When was rent data for ZIP 50023 last updated?

Rent data for ZIP 50023 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
15%
VERY AFFORDABLE

At $1,518/mo, rent takes ~15% of ZIP 50023's median household income ($117,826/yr). The standard benchmark is 30%.

ZIP 50023 15%Benchmark 30%
State income tax3.8%
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Schools nearby

Public schools near ZIP 50023 (Ankeny, IA)

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