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ZIP Code · IA

ZIP 50111

Part of Grimes, IA
Pop. 16,865·Polk County·10th most expensive ZIP in Iowa
Median rent (all units)
$1,435/mo
Year-over-Year
+4.3%
Month-over-Month
-2.0%
vs US Median
-$530
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 50111 · $1,435
More affordable than 78% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,040
1 BR
$1,090
2 BR
$1,290
3 BR
$1,760
4 BR+
$1,800
Research median
$1,290/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
$17,220/yr
At $1,435/mo median
Location
CityGrimes
StateIA
CountyPolk County
Rent Market Meter
Balanced Market
Renter's MarketBalancedLandlord's Market
Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.
Based on rent-price momentum (+4.3% YoY, -2.0% MoM), not inventory.
Demographics

Who lives here

ZIP 50111 (Grimes, IA) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 51.9% of residents hold a bachelor's degree or higher.

Population
16,865
Median income
$120,769
Median age
35.9
Renters
28.3%
Age distribution
27.3%
21.8%
32.8%
Under 1827.3%
18–3421.8%
35–5432.8%
55–6410.6%
65+7.5%
Gender
52%
48%
Male52%
Female48%
Race & ethnicity
84.1%
White84.1%
Black6%
Hispanic5.1%
Asian4.5%
Education (25+)
23%
24.4%
51.9%
No HS diploma0.7%
HS diploma23%
Some college24.4%
Bachelor's+51.9%
Housing tenure
71.7%
28.3%
Owner71.7%
Renter28.3%

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

2021 vs 2026

How ZIP 50111 in Grimes, IA has changed in 5 years

Income
$92,206 → $120,769
up 31.0%
Population
15,491 → 16,865
up 8.9%
Renter share
30.2% → 28.3%
-1.9 pts
Bachelor's+
43.5% → 51.9%
+8.4 pts

Census figures show median household income at $120,769 today, compared with $92,206 five years earlier. The population has grown by 8.9% since 2021, moving from about 15,491 residents to roughly 16,865. Renters now make up 28.3% of households, compared with 30.2% five years ago. College-educated residents now make up 51.9% of adults here, versus 43.5% in 2021.

Community

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Local insights

Tips for renters in ZIP 50111

About renting in ZIP 50111

Last updated: July 20, 2026

ZIP code 50111 covers Grimes, IA. The median rent here is $1,435/mo as of July 2026. A 1-bedroom rents for a median of $1,090/mo. A 2-bedroom rents for a median of $1,290/mo.

At 14% of local median household income ($120,769/yr), ZIP 50111 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 is rent in ZIP code 50111?

As of July 20, 2026, the median monthly rent in ZIP 50111 (Grimes, IA) is $1,435. This is based on aggregated data from public sources and community submissions.

How does ZIP 50111 rent compare to the US average?

ZIP 50111's median rent of $1,435/mo is $530 (27%) below the US national median of $1,965/mo.

How does ZIP 50111 compare to other ZIPs in Iowa?

ZIP 50111 is one of the pricier ZIP codes in Iowa, ranking #10 out of 55 ZIPs tracked at $1,435/mo.

How much income do you need to rent in ZIP 50111?

To keep rent at or below 30% of gross income, you would need to earn at least $57,000/year (~$27/hour full-time) to afford the median rent of $1,435/mo in ZIP 50111. The local median household income is $120,769/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 50111?

Rent in ZIP 50111 has increased 4.3% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 50111 an affordable place to rent?

ZIP 50111 is considered very affordable for renters. At $1,435/mo, rent takes approximately 14% of the local median household income ($120,769/yr). The standard benchmark is 30%. ZIP 50111 falls comfortably within that range.

What percentage of ZIP 50111 residents rent vs. own?

According to Census data, approximately 28.3% of ZIP 50111 households are renters, while 71.7% are owner-occupied. ZIP 50111 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 50111 compare to the rest of Grimes?

ZIP 50111 sits right at the Grimes citywide median of $1,435/mo.

When was rent data for ZIP 50111 last updated?

Rent data for ZIP 50111 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
14%
VERY AFFORDABLE

At $1,435/mo, rent takes ~14% of ZIP 50111's median household income ($120,769/yr). The standard benchmark is 30%.

ZIP 50111 14%Benchmark 30%
State income tax3.8%
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Schools nearby

Public schools near ZIP 50111 (Grimes, IA)

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