Housing market/Iowa/ZIP 50009
ZIP 50009 Altoona, 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.
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HUD schedule, ACS stock, and the 90–110% band for ZIP 50009 · IA — sent to you.
ZIP 50009 · IA
ACS rent vs 2BR SAFMR
ZIP 50009 — Altoona, IA HUD Section 8 Payment Standards / SAFMR →ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.
Housing stock
ACS 2023 units-in-structure · ZCTA 50009
- 1-unit detached5,53562.7%
- 1-unit attached88810.1%
- 2–4 units2733.1%
- 5–49 units1,48216.8%
- 50+ units3133.5%
- Mobile3383.8%
2–4 unit share 3.1% · 5–49 unit share 16.8% · combined 2–49 19.9%.
Units by bedrooms
Rent burden
- ACS median gross rent $1,201 (all bedrooms, occupied rentals).
- Median contract rent $1,118.
- Renters paying ≥30% of income 41.9%; ≥50% 20.7%.
- FY2027 2BR SAFMR $1,440 (1.199× ACS median gross rent).
Population
21,992 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: +12.4%.
ACS 5-year estimates lag current construction. This is not a forecast.
Assisted inventory
- LIHTC: 7 projects, 456 units.
- HUD project-based assisted MF: not published for this ZIP.
- 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 50009 29.7% of occupied households are renters; vacancy is 4.2%; ACS median gross rent is $1,201; population increased +12.4% between the 2018 and 2023 ACS vintages; the housing stock includes 273 units in 2–4-unit structures and 1,482 units in 5–49-unit structures; 7 LIHTC projects totaling 456 units; FY2027 2BR SAFMR is $1,440 versus ACS median gross rent of $1,201. 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 50009 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 50009 — Altoona, IA HUD Section 8 Payment Standards / SAFMR·Iowa ZIP directory
Nearby ZIPs in this FMR area
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 50009?
ZIP 50009 (Des Moines-West Des Moines, IA HUD Metro FMR Area) has 21,992 residents, 8,458 households, a renter share of 29.7%, median household income of $90,393, and ACS 2023 median gross rent of $1,201. Vacancy is 4.2%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 50009?
ACS counts 77 units in 2-unit buildings, 196 in 3–4 unit buildings, 182 in 5–9, 478 in 10–19, and 822 in 20–49. Combined 2–49 unit stock is 1,755 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 50009?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,440. See the full schedule and 90–110% payment-standard band on the ZIP 50009 — Altoona, IA HUD Section 8 Payment Standards / SAFMR.
Does this Iowa ZIP profile include Georgia listings?
No. ZIP 50009 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.