ZIP Code · IA

ZIP 50263

Part of Waukee, IA

Pop. 29,611·Dallas County·5th most expensive ZIP in Iowa

Median rent (all units)

$1,632/mo

Year-over-Year

+5.6%

Month-over-Month

+1.3%

vs US Median

-$300

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 50263 · $1,632

More affordable than 63% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,200

1 BR

$1,250

2 BR

$1,490

3 BR

$2,030

4 BR+

$2,080

Research median

$1,490/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

March. Asking rents in ZIP 50263 usually run 0.5% below trend in March and 0.7% above it in September, about $20 a month apart at today's median. Based on 5 years of data.

Compared with the peak

Rent in ZIP 50263 is at its highest level since Zillow's records here began in May 2021.

Past year vs. the rest of Iowa

Rent in ZIP 50263 changed +5.6% over the year to September 2026. Across the 45 Iowa ZIP codes Zillow tracks, the typical change was +4.3%.

Recent direction

Rent has risen 7 months in a row, and rose in 8 of the last 12 months.

What a typical income covers

30% of the median household income ($102,762) is $2,569 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($2,080).

Cheaper nearby

ZIP 50266, 4 miles away, rents for 16% less ($1,368/mo), about $3,200 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 50263. 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

$19,584/yr

At $1,632/mo median

Location

CityWaukee

StateIA

CountyDallas County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 5.6% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+5.6% YoY, +1.3% MoM), not inventory.

Demographics

Who lives here

ZIP 50263 (Waukee, IA) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 58.3% of residents hold a bachelor's degree or higher.

Population

29,611

Median income

$102,762

Median age

Renters

33%

Age distribution

27.1%

23%

29.5%

Under 1827.1%

18–3423%

35–5429.5%

55–648.9%

65+11.6%

Gender

49.8%

50.2%

Male49.8%

Female50.2%

Race & ethnicity

79.8%

White79.8%

Black5%

Hispanic5.9%

Asian6.5%

Other2.9%

Education (25+)

25.7%

58.3%

No HS diploma4.5%

HS diploma11.5%

Some college25.7%

Bachelor's+58.3%

Housing tenure

67%

33%

Owner67%

Renter33%

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

2022 vs 2026

How ZIP 50263 in Waukee, IA has changed in 5 years

Rent

$1,431 → $1,632

up 14.0%

Income

$102,478 → $102,762

up 0.3%

Population

24,074 → 29,611

up 23.0%

Renter share

27.7% → 33%

+5.3 pts

Bachelor's+

56.2% → 58.3%

+2.1 pts

Median age

34.3 → 35

+0.7 yrs

Since 2022, the typical rent in ZIP 50263 in Waukee, IA has climbed from $1,431 to $1,632, a 14.0% change over five years. Household income in the area moved from $102,478 to $102,762 across the same window, up 0.3% versus 2021. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 23.0% since 2021, moving from about 24,074 residents to roughly 29,611. Renters now make up 33% of households, compared with 27.7% five years ago. College-educated residents now make up 58.3% of adults here, versus 56.2% in 2021. Reading these numbers side by side helps frame whether current listings in ZIP 50263 in Waukee, IA look reasonable against where the market sat half a decade ago.

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About renting in ZIP 50263

Last updated: October 17, 2026

ZIP code 50263 covers Waukee, IA. The median rent here is $1,632/mo as of October 2026. A 1-bedroom rents for a median of $1,250/mo. A 2-bedroom rents for a median of $1,490/mo.

At 19% of local median household income ($102,762/yr), ZIP 50263 ranks as affordable compared to the national benchmark of 30%. Rents have increased 5.6% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 50263?

To keep rent at or below 30% of gross income, you would need to earn at least $65,000/year (about $31/hour full-time) to afford the median rent of $1,632/mo in ZIP 50263. The local median household income is $102,762/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 50263?

Rent in ZIP 50263 has risen 5.6% over the past year as of September 2026. That is the highest level since Zillow's records here began in May 2021.

When is the cheapest time to rent in ZIP 50263?

Asking rents in ZIP 50263 are usually lowest in March, about 0.5% below their yearly trend, and highest in September, about 0.7% above it. At today's median that is a gap of roughly $20 a month. This pattern comes from 5 years of Zillow rent data.

How does ZIP 50263 compare to other ZIPs in Iowa?

ZIP 50263 is one of the pricier among Iowa ZIP codes for rent, ranking #5 of 54 at $1,632/mo. Over the year to September 2026, rent in ZIP 50263 changed +5.6%, against a typical +4.3% across the 45 Iowa ZIP codes Zillow tracks.