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Sarah Mitchell
Compass Real Estate · ZIP 50111
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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50111 ZIP Code Housing Market
$353,425median sale price
What is the 50111 housing market like right now?
The median home sale price in ZIP code 50111 is $353,425, up 5.5% year-over-year. Homes sell in an average of 109 days with 112 active listings. The market is currently a leaning buyer's. (Source: Redfin monthly MLS data, as of March 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is the 50111 ZIP code a buyer's or seller's market?
ZIP code 50111 is currently a leaning buyer's and homes selling in about 109 days. How we determine this →
What are the latest 50111 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $353,425 |
| Median list price | $359,945 |
| Year-over-year price change | +5.5% |
| Average days on market | 109 days |
| Active inventory | 112 listings |
| Sale-to-list price ratio | 99.2% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
The 50111 zip code, located in Grimes, IA, is currently classified as a leaning buyer's. The median sale price stands at $353,425, representing a +5.5% change year over year. Homes in this area spend an average of 109 days on the market before going under contract. There are currently 112 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 50111 sits in the Grimes, IA area, roughly 1 miles from downtown Grimes. Because home prices are set street by street, this ZIP can move differently from Grimes's citywide averages. The figures below reflect 50111 specifically — drawn from Redfin transactions, U.S. Census data for its 16,865 residents, and Zillow value estimates.
Homes sold
89
Last 12 weeks
Days on market
109
Average pace
Active listings
112
Sale-to-list
99.2%
Below asking
What is driving the 50111 housing market?
The 50111 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a leaning buyer's, homes are selling at approximately 99.2% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 50111 have increased +5.5% compared to last year, suggesting continued demand and potential for further appreciation. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
The Zillow Home Value Index (ZHVI) for 50111 stands at $348,835, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $1,435 per month. This gives a price-to-rent ratio of approximately 20.3, which indicates that renting may be more cost-effective than buying in the short term, though long-term appreciation could shift that calculus. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Who lives in 50111?
Population
16,865
Median income
$120,769/yr
Median age
35.9 years
Owner-occupied
71.7%
College grads
51.8%
Avg commute
24.36 min
What is it like living in 50111?
Zip code 50111 is home to approximately 16,865 residents. The median household income is $120,769 per year, which shapes the types of homes and amenities available in the area. With a median age of 35.9 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 71.7% of housing units are owner-occupied, indicating a stable, ownership-oriented community where residents have a vested interest in maintaining property values and neighborhood quality.
About 51.8% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. The average commute time is 24.36 minutes, which is close to the national average. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 50111.
Which public schools serve ZIP 50111?
5 schools tracked · 3,037 students
The largest public schools serving ZIP code 50111 by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Dallas Center-Grimes High School
Grades 9-12 · 1,027 students
Heritage Elementary
Grades PK-4 · 567 students
DC-G Oak View
Grades 7-8 · 565 students
South Prairie Elementary
Grades K-4 · 455 students
North Ridge Elementary
Grades K-4 · 423 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Frequently asked questions about 50111
What is the median home price in 50111?
The current median sale price in 50111 is $353,425, based on recent Redfin transaction data. Prices have changed +5.5% compared to last year. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 50111 a buyer's or seller's market?
The 50111 zip code is currently classified as a leaning buyer's. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population of zip code 50111?
Zip code 50111 has a population of approximately 16,865 residents. The median household income is $120,769 per year. About 71.7% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 50111?
Properties Incorporated provides comprehensive data for 50111 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 50111 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually.
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