The story of this market
The typical home in ZIP 50007 sells for about $474,000, or $235 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 45 days to sell. HUD's fair market rent for a two-bedroom is $1,450 a month.
ZIP 50007 — Bayard
The housing market in 50007 remains stable with low inventory and steady demand from buyers seeking rural-residential living near the Des Moines metro. Prices have seen modest year-over-year growth, supported by the area's high quality of life and proximity to major employment hubs in Ankeny and Des Moines.
This ZIP is ideal for families and individuals seeking a quiet, rural lifestyle with large lot sizes who are willing to commute to the nearby Des Moines metro area for work and major amenities.
Median prices moved up 2.1% year over year.
Homes spend a median of 45 days on market with 6.0 months of supply — a balanced-paced market.
8% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 1.6% · poverty 0.7% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 50007, Polk County IA
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Alleman is a small rural community with very low reported crime rates, significantly lower than the regional averages found in the nearby Des Moines metro area.
Students in this ZIP are primarily served by the North Polk Community School District, which is highly regarded for its academic performance and student-to-teacher ratios.
The area is primarily agricultural with low flood risk, though standard Midwestern wind and storm insurance coverage is recommended for property owners.
Economic momentum is driven by its proximity to the Des Moines metro area, with residents commuting to major employers in Ankeny and Des Moines while maintaining a rural residential character.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Iowa) — Iowa Property Tax Assessment Limitation: The taxable value is determined by applying an assessment limitation (rollback) to the assessed market value. The limitation is calculated annually to restrict the growth in aggregate taxable value for the residential class to 3% statewide.
Commuting is primarily car-dependent, with residents typically driving 15-20 minutes south to reach the employment hubs of Ankeny or Des Moines via I-35.
Local recreation is centered on rural outdoor activities, with proximity to Chichaqua Bottoms Greenbelt and various small-town parks in the surrounding Polk County area.
The rental market is extremely limited due to the low density of the area, with most housing stock consisting of single-family owner-occupied homes.
The economy is largely tied to the broader Des Moines metro area, with major employment sectors including insurance, finance, and government located in the nearby urban core.
Public transit is not available in this rural ZIP; residents rely entirely on private vehicles for transportation.
Development is focused on low-density residential expansion, with strict zoning to maintain the rural character of the Alleman area.
Polk County Assessor manages property valuations, utilizing a biennial assessment cycle based on market value and agricultural land use classifications.
Parcels are subject to North Polk Community School District taxes and standard county-level service districts.
Property insurance premiums are stable, though coverage for wind and hail damage is a standard consideration for homeowners in this region.
Iowa has seen modest net domestic migration, with growth concentrated in the suburban rings of the Des Moines metro area.
Iowa is a judicial foreclosure state, requiring court intervention for the foreclosure process, which typically provides a longer timeline for homeowners.
Iowa law requires sellers to provide a written disclosure statement regarding the condition of the property, including known material defects.
Data retrieved from US Census Bureau ZCTA-level tables for 50007.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
A large, expansive nature area nearby offering hiking, fishing, and wildlife viewing.
Local community space serving the immediate residents of the town.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.