ZIP Code 50023: Population, Income, Housing

State: IA
Total population: 46,306 Household income: $117,826 Rent: $1,240

Overview

Total population
46,306
Rent
$1,240
Year built
2008
Household income
$117,826
Per capita income
$49,500
Poverty rate
4.1%
Unemployment rate
N/A
Household size
2.6 persons
Rent over 30% of income
37.2%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Data are sourced from the American Community Survey (ACS) 5-Year Estimates, 2024 release — the latest dataset currently available. New 5-year estimates are published annually, about 6–12 months after the end of each reference year.

Demographics

State
Iowa
County
Polk County
City
Ankeny
Total population
46,306
Adults over 25
29,414
Total households
17,717
Household size
2.6 persons

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Data are sourced from the American Community Survey (ACS) 5-Year Estimates, 2024 release — the latest dataset currently available. New 5-year estimates are published annually, about 6–12 months after the end of each reference year.

Income & Poverty

Household income
$117,826
Per capita income
$49,500
Poverty rate
4.1%
Unemployment rate
N/A
Rent over 30% of income
37.2%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Data are sourced from the American Community Survey (ACS) 5-Year Estimates, 2024 release — the latest dataset currently available. New 5-year estimates are published annually, about 6–12 months after the end of each reference year.

Housing

Rent
$1,240
Year built
2008
Households that rent
28.5%
Households that own
71.5%
Rooms per home (all homes)
5.9

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Data are sourced from the American Community Survey (ACS) 5-Year Estimates, 2024 release — the latest dataset currently available. New 5-year estimates are published annually, about 6–12 months after the end of each reference year.

Race

White
89.3%
Black
2%
Asian
2.9%
Two or more races
5.1%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Data are sourced from the American Community Survey (ACS) 5-Year Estimates, 2024 release — the latest dataset currently available. New 5-year estimates are published annually, about 6–12 months after the end of each reference year.

Ethnicity

Hispanic or Latino
3.9%
Not Hispanic or Latino
96.1%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Data are sourced from the American Community Survey (ACS) 5-Year Estimates, 2024 release — the latest dataset currently available. New 5-year estimates are published annually, about 6–12 months after the end of each reference year.

Commute

Commute rate
20,875 (80.9%)
Commute time to work
22 mins
Work from home
4,931 (19.1%)

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Data are sourced from the American Community Survey (ACS) 5-Year Estimates, 2024 release — the latest dataset currently available. New 5-year estimates are published annually, about 6–12 months after the end of each reference year.

Education

Less than high school
20.7%
High school graduate or GED
15.1%
Some college or associate degree
10.9%
Bachelor’s degree or higher
53.4%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Data are sourced from the American Community Survey (ACS) 5-Year Estimates, 2024 release — the latest dataset currently available. New 5-year estimates are published annually, about 6–12 months after the end of each reference year.

 

Comparison of ZIP Code 50023 with: Polk County, IA Ankeny, IA Des Moines metro area, IA Iowa United States

ZIP 50023

Total population46,306
Rent$1,240
Year built2008
Household income$117,826
Per capita income$49,500
Poverty rate4.1%
Unemployment rateN/A

Polk County, IA

Total population503,175
Rent$1,149
Year built1982
Household income$83,576
Per capita income$45,622
Poverty rate10.3%
Unemployment rate3.1%

Ankeny, IA

Total population72,615
Rent$1,319
Year built2006
Household income$108,198
Per capita income$50,306
Poverty rate4.2%
Unemployment rate2.3%

Des Moines Metro Area, IA

Total population731,120
Rent$1,150
Year built1985
Household income$85,890
Per capita income$46,354
Poverty rate9.1%
Unemployment rate3%

Iowa State

Total population3,210,507
Rent$972
Year built1972
Household income$75,059
Per capita income$40,877
Poverty rate11.1%
Unemployment rate3%

United States

Total population334,922,499
Rent$1,413
Year built1980
Household income$80,734
Per capita income$44,673
Poverty rate12.5%
Unemployment rate4%
Metric ZIP50023 CountyPolk, IACityAnkeny, IAMetro AreaDes Moines metro area, IAStateIowaCountryUnited States
Total population46,306503,17572,615731,1203,210,507334,922,499
Rent$1,240$1,149$1,319$1,150$972$1,413
Year built200819822006198519721980
Household income$117,826$83,576$108,198$85,890$75,059$80,734
Per capita income$49,500$45,622$50,306$46,354$40,877$44,673
Poverty rate4.1%10.3%4.2%9.1%11.1%12.5%
Unemployment rateN/A3.1%2.3%3%3%4%

View the full multi-level comparison →

 

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Summary for 50023

Rent & Income

In 50023, the typical monthly rent is $1,240 and the typical household income is $117,826. Rent here is lower than Ankeny and higher than Iowa, and household income is higher than both Ankeny and Iowa. The estimated poverty rate is 4.1%, which is similar to the Ankeny rate and lower than the Iowa rate.

Housing & Affordability

This ZIP Code is primarily owner-occupied, with renters accounting for about 28.5% of households. Around 37.2% of renters are cost-burdened, indicating a moderate level of rent pressure.

Education & Employment

Educational attainment is very high, with about 53.4% of adults holding a bachelor’s degree or higher.

 

ZIP 50023 — Rent vs Household Income

 

 

ZIP 50023 — Poverty

 

 

How ZIP 50023 compares in Iowa (22 ZIP Codes)

Metric This ZIP Rank Starts from State range
Rent $1,240 20 / 22 from lower rent $850 – $1,393
Household income $117,826 1 / 22 from higher income $52,960 – $117,826
Poverty rate 4.1% 2 / 22 from lower poverty 3.9% – 29.2%

Rankings are calculated among ZIP Codes in Iowa with total population > 30,000 (year 2024).

 

Detailed Ranking Explanation for ZIP Code 50023

Rent

Rent-wise, this area comes 20th out of 22 ZIP Codes in Iowa. At the state level, values extend from $850 in ZIP 50701 up to $1,393 in ZIP 50021.

Household income

Looking at income levels, ZIP Code 50023 holds the 1st out of 22 ZIP Codes. In Iowa as a whole, the range goes from $52,960 in ZIP 52240 up to $117,826 in ZIP 50023.

Poverty rate

Regarding poverty rate, ZIP Code 50023 ranks 2nd out of 22 ZIP Codes. Statewide, values range from 3.9% in ZIP 50021 up to 29.2% in ZIP 50014.

 

💰 Rent in ZIP Code 50023 (with Utilities)

Estimated Monthly Rent: $1,240 ℹ️ What’s Included:
✅ Base rent, electricity, gas, water/sewer, and heating fuels
❌ Not included: internet, cable TV, renter's insurance, parking

💡 What does this rent estimate mean?

Explanation: This estimate shows what renters typically pay each month for housing — including the apartment or home and essential utilities like heat, water, and electricity.

Included in this number: Rent plus electricity, gas, water/sewer, and heating fuel.

Not included: Internet, cable, parking, renter’s insurance, or furniture rental.

Note: This cost does not depend on the number of people living in the home.

👨‍👧‍👦 Household Income in ZIP Code 50023

Annual Household Income: $117,826

💡 What does Household Income mean?

Definition: This represents the middle value of all household incomes in the ZIP code — half of households earn less, and half earn more.

Includes: wages, salaries, self-employment income, Social Security, pensions, investments, unemployment, public assistance, and rental income.

Does NOT include: capital gains, non-cash benefits (like food stamps), or tax refunds.

Household = any group of people (or a single person) living in the same housing unit.

Example: A couple earning $40,000 and $30,000 together have a household income of $70,000. If that's in the middle of all local incomes, it's the value shown here.

📉 Poverty Rate in ZIP Code 50023

Estimated Rate: 4.1%

💡 What does the Poverty Rate represent?

Definition: The percentage of people in this area living below the federal poverty threshold.

How it works: The threshold is a dollar amount set by the U.S. Census Bureau that varies by family size and age. If a household's income is below that level, everyone in it is included in this rate.

Example: In a town of 10,000 people, if 1,500 have incomes below the poverty line, the poverty rate is 15%.

Note: This statistic only includes people living in households; it does not count those in student housing, military barracks, or nursing homes.

🏘️ Renter vs. Owner Households in ZIP Code 50023

In ZIP Code 50023, households that rent: 5,053 (28.5%)

📊 What does the renter household percentage reveal about this ZIP Code?
Household Type Count Share
Renter-Occupied 5,053 28.5%
Owner-Occupied 12,664 71.5%

Definition: This is the percentage of households that rent their home rather than own it. It includes only occupied housing units.

Why it matters: Areas with a high share of renter households often have younger populations, higher mobility, and different housing needs compared to mostly owner-occupied areas.

Example: If 65% of homes in an area are renter-occupied, it means 65 out of every 100 households rent their home.

📉 Renters Spending Over 30% of Income on Rent in ZIP Code 50023

In ZIP Code 50023, cost-burdened renters (households spending over 30% of income on housing): 1,880 (37.2%)

🏚️ What Does It Mean When Renters Spend Over 30% of Their Income on Housing?
Household Group Households Share
Cost-burdened renters (over 30%) 1,880 37.2%
Other renter households 3,173 62.8%
Total renter households 5,053 100%

Shares are calculated as a percentage of renter households.

This shows how many renters in the ZIP code are considered cost-burdened — meaning they spend more than 30% of their income on housing (rent and basic utilities).

It’s a sign that housing might be unaffordable in the area or that lower-income residents may be struggling with rent.

Data comes from the U.S. Census Bureau’s American Community Survey.

📊 Education Levels in ZIP Code 50023

Less than High School: 6,075 people (20.7%)

Includes adults who did not complete high school.

High School Graduate or GED: 4,435 people (15.1%)

Includes adults whose highest education is a high school diploma or GED.

Some College or Associate Degree: 3,208 people (10.9%)

Includes adults who attended college without completing a bachelor’s degree (some college or associate degree).

Bachelor’s Degree or Higher: 15,696 people (53.4%)

Includes adults with a bachelor’s degree or higher (bachelor’s, master’s, professional, or doctoral degree).

👥 Total Adults (25+): 29,414

ℹ️ Have questions about how these statistics are calculated? See our data methodology & FAQs

 

Source: ACS 5-Year Estimates (U.S. Census Bureau) — unemployment rate from BLS. Some values are derived metrics.