5641 153rd St · Urbandale, IA 50323

$357,990

5 bd · 3.0 ba · 2,452 sqft · Other public records · 766 Days on market

Built 2024 5,520 sqft lot $146/sqft · 34% below area Est $354k · at est. $19/mo HOA · 1% of rent ↓ 5% since listing

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Why this score? — see what drove the D- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Appreciation +7.4/10.0
• Schools +7.1/10.0
• ARV discount +7.0/15.0
• Cash flow +6.3/30.0
• Livability +4.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +1.5/10.0
• DSCR +0.6/10.0

Listing remarks MLS

* MODEL HOME-NOT FOR SALE * Tour this home ON YOUR OWN, at your convenience DAILY from 7:00AM to 10:00PM, using NterNow. Simply show up at the house & Scan the QR code! Welcome to the Roland in Magnolia Heights - offering 5 bedrooms, 3 bathrooms, and 2,483 sq. ft. of beautifully designed living space, including a finished basement. The bright entryway leads past two bedrooms and a full bath, perfect for guests or a home office. A third bedroom, a convenient laundry room, and access to the 2 car garage are tucked privately down the hall. The heart of the home showcases an open-concept kitchen with white cabinetry, stainless steel appliances, and a large island overlooking the dining and great room. Enjoy cozy evenings by the electric fireplace surrounded by large windows. The private primary suite offers a dual vanity, walk-in shower, and expansive closet. Downstairs, enjoy a large rec room, a fifth bedroom, and a third full bath. Visit today and see why the Roland is built for the way you live! Ask about builder incentives with preferred lender. Photos similar to.

Key facts

• <finished basement>
• <quartz countertops>
• 5,520 sq ft lot

Tags

• <QUARTZ COUNTERTOPS>
• <FINISHED BASEMENT>

What this means for you Summary

Snapshot

• This is a 5-bed/3.0-bath other listed at $358k.

Deal economics

• At list price, monthly cash flow is $-641 ($-8k/yr) — negative.
• To cash-flow at today's rent, offer at most $265k (25.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $234k (34.5% below list).
• Recommended offer: $234k (34.5% below list) — sets the bar for 1% rule.
• Cap rate 4.1% vs local median 2.4% in Urbandale — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 90/100 on livability (#4 in IA, #69 nationally) — a professional / high-income tenant draw. Strengths: crime A+, amenities A+, employment A+; Watch: commute F.
• Waukee Community School District (suburban): math 80% / reading 79% proficiency, ranked #14 of 289 in IA (top 5%) — strong family-tenant draw, lease renewals of 3-5y typical; only 11% free/reduced lunch — higher-income household profile.
• Zoned schools: Walnut Hills Elementary School (math 91% / reading 81%, grade A+, #26 of 616 statewide, top 4%, 625 students, 9% FRL); Waukee Middle School (math 83% / reading 81%, grade A+, #22 of 246 statewide, top 12%, 1,069 students, 12% FRL); Waukee High School (math 74% / reading 82%, grade A-, #53 of 336 statewide, top 16%, 1,268 students, 24% FRL) — zoned schools at 15% FRL track the district average.
• Market conditions: 381 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); high-income renter base; 1,503 units permitted in Dallas County in 2024 (630 in 5+ unit buildings).
• This rent is only 16% of the median local income ($176k/yr) — well below the 30% rent-burden line; pricing power to push rent on renewal without tenant pushback.

Forward outlook

• In year one you build about $20k of equity ($2k loan paydown + $17k appreciation (4.8% local appreciation)).
• Dallas County population projected at +74% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 2, paydown + projected appreciation supports a ~$32k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 766 days — a 12% lower offer ($315k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 2y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Recommended offer $234,450 (34.5% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 766 days. Have you received any prior offers? Is the seller open to a 35% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
7. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.65% ✗
• Cap rate: 4.14%
• Cash-on-cash: -7.67%
• DSCR: 0.66
• GRM: 12.7

CMA / ARV

• ARV (median comp): $353,708
• List price: $357,990
• Delta: 1.21%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Projected returns pro-forma

4.81% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 5.9%
• Equity multiple: 1.38×
• Total profit: $37,819
• Equity at exit: $198,693

10-year hold

• IRR: 8.3%
• Equity multiple: 2.51×
• Total profit: $151,670
• Equity at exit: $339,514

Cash invested: $100,237 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 83 Strongly Landlord-Friendly
• State Iowa: 83 Strongly Landlord-Friendly · R+6
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; mostly landlord-friendly statewide.

Methodology + full state rankings →

ZIP-level market 50323

• Home prices YoY: 2.5%
• Active inventory: 381
• Price-to-rent: 12.7×

Monthly cashflow live

• Estimated rent: $2,344 medium
• Mortgage (P&I): −$1,877
• Tax est. 1.5%: −$447 /mo · $5,370/yr
• Insurance: −$149
• HOA: −$19
• Vacancy / Maint / Mgmt: −$492
• Net cashflow: $-641

Break-even live

Break-even rent $3,156

Max offer price $265,260

Occupancy floor —

Sensitivity live

Price	-10% $-393	-5% $-517	+0% $-641	+5% $-765	+10% $-888
Rent	-10% $-826	-5% $-733	+0% $-641	+5% $-548	+10% $-456
Rate	-1.0pp $-461	-0.5pp $-550	base $-641	+0.5pp $-734	+1.0pp $-828

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $89,498
• Closing costs: $10,740
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5440 154th Ct Urbandale, IA	4.0	3.5	2367	$2,200	$0.93	20d	1	0.29mi
5437 155th St Urbandale, IA	3.0–4.0	2.5	1590	$2,096	$1.32	16d	8	0.43mi
16008 Springbrook Trl Urbandale, IA	5.0	3.0	1670	$2,900	$1.74	45d	1	0.69mi

HOA detail

• Monthly dues: $19 · $228/yr
• Likely covers: electric

Listing history 29 events

1. 2026-06-21
   days on market $357,990 Active 766 DOM
2. 2026-06-18
   days on market $357,990 Active 763 DOM
3. 2026-06-17
   days on market $357,990 Active 762 DOM
4. 2026-06-16
   days on market $357,990 Active 761 DOM
5. 2026-06-15
   days on market $357,990 Active 760 DOM
6. 2026-06-14
   days on market $357,990 Active 758 DOM
7. 2026-06-13
   days on market $357,990 Active 757 DOM
8. 2026-06-10
   days on market $357,990 Active 755 DOM
9. 2026-06-09
   days on market $357,990 Active 754 DOM
10. 2026-06-08
    days on market $357,990 Active 753 DOM
11. 2026-06-07
    days on market $357,990 Active 752 DOM
12. 2026-06-05
    days on market $357,990 Active 749 DOM
13. 2026-06-03
    days on market $357,990 Active 748 DOM
14. 2026-06-02
    days on market $357,990 Active 747 DOM
15. 2026-06-01
    days on market $357,990 Active 746 DOM
16. 2026-05-31
    days on market $357,990 Active 745 DOM
17. 2026-05-31
    days on market $357,990 Active 744 DOM
18. 2026-04-07
    price $357,990 1087-char remark

    Show marketing remark (1087 chars)

    * MODEL HOME-NOT FOR SALE * Tour this home ON YOUR OWN, at your convenience DAILY from 7:00AM to 10:00PM, using NterNow. Simply show up at the house &amp; Scan the QR code! Welcome to the Roland in Magnolia Heights - offering 5 bedrooms, 3 bathrooms, and 2,483 sq. ft. of beautifully designed living space, including a finished basement. The bright entryway leads past two bedrooms and a full bath, perfect for guests or a home office. A third bedroom, a convenient laundry room, and access to the 2 car garage are tucked privately down the hall. The heart of the home showcases an open-concept kitchen with white cabinetry, stainless steel appliances, and a large island overlooking the dining and great room. Enjoy cozy evenings by the electric fireplace surrounded by large windows. The private primary suite offers a dual vanity, walk-in shower, and expansive closet. Downstairs, enjoy a large rec room, a fifth bedroom, and a third full bath. Visit today and see why the Roland is built for the way you live! Ask about builder incentives with preferred lender. Photos similar to.

19. 2026-04-02
    price $354,990 1087-char remark

    Show marketing remark (1087 chars)

    * MODEL HOME-NOT FOR SALE * Tour this home ON YOUR OWN, at your convenience DAILY from 7:00AM to 10:00PM, using NterNow. Simply show up at the house &amp; Scan the QR code! Welcome to the Roland in Magnolia Heights - offering 5 bedrooms, 3 bathrooms, and 2,483 sq. ft. of beautifully designed living space, including a finished basement. The bright entryway leads past two bedrooms and a full bath, perfect for guests or a home office. A third bedroom, a convenient laundry room, and access to the 2 car garage are tucked privately down the hall. The heart of the home showcases an open-concept kitchen with white cabinetry, stainless steel appliances, and a large island overlooking the dining and great room. Enjoy cozy evenings by the electric fireplace surrounded by large windows. The private primary suite offers a dual vanity, walk-in shower, and expansive closet. Downstairs, enjoy a large rec room, a fifth bedroom, and a third full bath. Visit today and see why the Roland is built for the way you live! Ask about builder incentives with preferred lender. Photos similar to.

20. 2025-11-07
    price $349,990 1498-char remark

    Show marketing remark (1498 chars)

    Model Home - Not for Sale. Search Magnolia Heights at drhorton.com to view available homes in this neighborhood. D. R. Horton, America's Builder, presents the Roland plan. The Roland provides 5 bedrooms and 3 full Bathrooms in a single-level, open living space. The Roland offers a Finished Basement providing nearly 2500 square feet of total living space! In the main living area, you'll find a large kitchen island overlooking the spacious Dining area and Great Room. The beautiful gourmet Kitchen includes Quartz Countertops and a spacious Pantry. The Primary bedroom is located at the back of the home and offers a large Walk-In closet as well as an ensuite bathroom with dual vanity sink and walk-in shower. There are two Bedrooms and the Second Bathroom split from the Primary at the front of the home while the private Fourth Bedroom can be found tucked away beyond the spacious Laundry Room - perfect for guests. Heading into the Finished Lower Level, you'll find an additional living area as well as the 5th Bedroom and 3rd Full Bathroom! Home Is Connected: All D. R. Horton homes come with an industry-leading suite of smart home products that keep you connected with the people and place you value most. Tour this home at your own convenience with Self-Guided touring available daily from 7:00 am to 10:00 pm. Experience all that this home has to offer without the pressure and without the commitment. Scan the QR Code outside the home to get started. This home is Move-In Ready. Photos

21. 2025-11-06
    price $359,990 1087-char remark

    Show marketing remark (1087 chars)

    * MODEL HOME-NOT FOR SALE * Tour this home ON YOUR OWN, at your convenience DAILY from 7:00AM to 10:00PM, using NterNow. Simply show up at the house &amp; Scan the QR code! Welcome to the Roland in Magnolia Heights - offering 5 bedrooms, 3 bathrooms, and 2,483 sq. ft. of beautifully designed living space, including a finished basement. The bright entryway leads past two bedrooms and a full bath, perfect for guests or a home office. A third bedroom, a convenient laundry room, and access to the 2 car garage are tucked privately down the hall. The heart of the home showcases an open-concept kitchen with white cabinetry, stainless steel appliances, and a large island overlooking the dining and great room. Enjoy cozy evenings by the electric fireplace surrounded by large windows. The private primary suite offers a dual vanity, walk-in shower, and expansive closet. Downstairs, enjoy a large rec room, a fifth bedroom, and a third full bath. Visit today and see why the Roland is built for the way you live! Ask about builder incentives with preferred lender. Photos similar to.

22. 2025-08-20
    price $374,990 1498-char remark

    Show marketing remark (1498 chars)

    Model Home - Not for Sale. Search Magnolia Heights at drhorton.com to view available homes in this neighborhood. D. R. Horton, America's Builder, presents the Roland plan. The Roland provides 5 bedrooms and 3 full Bathrooms in a single-level, open living space. The Roland offers a Finished Basement providing nearly 2500 square feet of total living space! In the main living area, you'll find a large kitchen island overlooking the spacious Dining area and Great Room. The beautiful gourmet Kitchen includes Quartz Countertops and a spacious Pantry. The Primary bedroom is located at the back of the home and offers a large Walk-In closet as well as an ensuite bathroom with dual vanity sink and walk-in shower. There are two Bedrooms and the Second Bathroom split from the Primary at the front of the home while the private Fourth Bedroom can be found tucked away beyond the spacious Laundry Room - perfect for guests. Heading into the Finished Lower Level, you'll find an additional living area as well as the 5th Bedroom and 3rd Full Bathroom! Home Is Connected: All D. R. Horton homes come with an industry-leading suite of smart home products that keep you connected with the people and place you value most. Tour this home at your own convenience with Self-Guided touring available daily from 7:00 am to 10:00 pm. Experience all that this home has to offer without the pressure and without the commitment. Scan the QR Code outside the home to get started. This home is Move-In Ready. Photos

23. 2025-08-19
    price $374,990 1087-char remark

    Show marketing remark (1087 chars)

    * MODEL HOME-NOT FOR SALE * Tour this home ON YOUR OWN, at your convenience DAILY from 7:00AM to 10:00PM, using NterNow. Simply show up at the house &amp; Scan the QR code! Welcome to the Roland in Magnolia Heights - offering 5 bedrooms, 3 bathrooms, and 2,483 sq. ft. of beautifully designed living space, including a finished basement. The bright entryway leads past two bedrooms and a full bath, perfect for guests or a home office. A third bedroom, a convenient laundry room, and access to the 2 car garage are tucked privately down the hall. The heart of the home showcases an open-concept kitchen with white cabinetry, stainless steel appliances, and a large island overlooking the dining and great room. Enjoy cozy evenings by the electric fireplace surrounded by large windows. The private primary suite offers a dual vanity, walk-in shower, and expansive closet. Downstairs, enjoy a large rec room, a fifth bedroom, and a third full bath. Visit today and see why the Roland is built for the way you live! Ask about builder incentives with preferred lender. Photos similar to.

24. 2025-06-10
    price $375,265 1498-char remark

    Show marketing remark (1498 chars)

    Model Home - Not for Sale. Search Magnolia Heights at drhorton.com to view available homes in this neighborhood. D. R. Horton, America's Builder, presents the Roland plan. The Roland provides 5 bedrooms and 3 full Bathrooms in a single-level, open living space. The Roland offers a Finished Basement providing nearly 2500 square feet of total living space! In the main living area, you'll find a large kitchen island overlooking the spacious Dining area and Great Room. The beautiful gourmet Kitchen includes Quartz Countertops and a spacious Pantry. The Primary bedroom is located at the back of the home and offers a large Walk-In closet as well as an ensuite bathroom with dual vanity sink and walk-in shower. There are two Bedrooms and the Second Bathroom split from the Primary at the front of the home while the private Fourth Bedroom can be found tucked away beyond the spacious Laundry Room - perfect for guests. Heading into the Finished Lower Level, you'll find an additional living area as well as the 5th Bedroom and 3rd Full Bathroom! Home Is Connected: All D. R. Horton homes come with an industry-leading suite of smart home products that keep you connected with the people and place you value most. Tour this home at your own convenience with Self-Guided touring available daily from 7:00 am to 10:00 pm. Experience all that this home has to offer without the pressure and without the commitment. Scan the QR Code outside the home to get started. This home is Move-In Ready. Photos

25. 2025-03-05
    price $379,990 1498-char remark

    Show marketing remark (1498 chars)

    Model Home - Not for Sale. Search Magnolia Heights at drhorton.com to view available homes in this neighborhood. D. R. Horton, America's Builder, presents the Roland plan. The Roland provides 5 bedrooms and 3 full Bathrooms in a single-level, open living space. The Roland offers a Finished Basement providing nearly 2500 square feet of total living space! In the main living area, you'll find a large kitchen island overlooking the spacious Dining area and Great Room. The beautiful gourmet Kitchen includes Quartz Countertops and a spacious Pantry. The Primary bedroom is located at the back of the home and offers a large Walk-In closet as well as an ensuite bathroom with dual vanity sink and walk-in shower. There are two Bedrooms and the Second Bathroom split from the Primary at the front of the home while the private Fourth Bedroom can be found tucked away beyond the spacious Laundry Room - perfect for guests. Heading into the Finished Lower Level, you'll find an additional living area as well as the 5th Bedroom and 3rd Full Bathroom! Home Is Connected: All D. R. Horton homes come with an industry-leading suite of smart home products that keep you connected with the people and place you value most. Tour this home at your own convenience with Self-Guided touring available daily from 7:00 am to 10:00 pm. Experience all that this home has to offer without the pressure and without the commitment. Scan the QR Code outside the home to get started. This home is Move-In Ready. Photos

26. 2025-03-04
    price $379,990 1087-char remark

    Show marketing remark (1087 chars)

    * MODEL HOME-NOT FOR SALE * Tour this home ON YOUR OWN, at your convenience DAILY from 7:00AM to 10:00PM, using NterNow. Simply show up at the house &amp; Scan the QR code! Welcome to the Roland in Magnolia Heights - offering 5 bedrooms, 3 bathrooms, and 2,483 sq. ft. of beautifully designed living space, including a finished basement. The bright entryway leads past two bedrooms and a full bath, perfect for guests or a home office. A third bedroom, a convenient laundry room, and access to the 2 car garage are tucked privately down the hall. The heart of the home showcases an open-concept kitchen with white cabinetry, stainless steel appliances, and a large island overlooking the dining and great room. Enjoy cozy evenings by the electric fireplace surrounded by large windows. The private primary suite offers a dual vanity, walk-in shower, and expansive closet. Downstairs, enjoy a large rec room, a fifth bedroom, and a third full bath. Visit today and see why the Roland is built for the way you live! Ask about builder incentives with preferred lender. Photos similar to.

27. 2025-02-26
    listed $364,990 Active 1498-char remark

    Show marketing remark (1498 chars)

    Model Home - Not for Sale. Search Magnolia Heights at drhorton.com to view available homes in this neighborhood. D. R. Horton, America's Builder, presents the Roland plan. The Roland provides 5 bedrooms and 3 full Bathrooms in a single-level, open living space. The Roland offers a Finished Basement providing nearly 2500 square feet of total living space! In the main living area, you'll find a large kitchen island overlooking the spacious Dining area and Great Room. The beautiful gourmet Kitchen includes Quartz Countertops and a spacious Pantry. The Primary bedroom is located at the back of the home and offers a large Walk-In closet as well as an ensuite bathroom with dual vanity sink and walk-in shower. There are two Bedrooms and the Second Bathroom split from the Primary at the front of the home while the private Fourth Bedroom can be found tucked away beyond the spacious Laundry Room - perfect for guests. Heading into the Finished Lower Level, you'll find an additional living area as well as the 5th Bedroom and 3rd Full Bathroom! Home Is Connected: All D. R. Horton homes come with an industry-leading suite of smart home products that keep you connected with the people and place you value most. Tour this home at your own convenience with Self-Guided touring available daily from 7:00 am to 10:00 pm. Experience all that this home has to offer without the pressure and without the commitment. Scan the QR Code outside the home to get started. This home is Move-In Ready. Photos

28. 2024-07-10
    price $364,990 1087-char remark

    Show marketing remark (1087 chars)

    * MODEL HOME-NOT FOR SALE * Tour this home ON YOUR OWN, at your convenience DAILY from 7:00AM to 10:00PM, using NterNow. Simply show up at the house &amp; Scan the QR code! Welcome to the Roland in Magnolia Heights - offering 5 bedrooms, 3 bathrooms, and 2,483 sq. ft. of beautifully designed living space, including a finished basement. The bright entryway leads past two bedrooms and a full bath, perfect for guests or a home office. A third bedroom, a convenient laundry room, and access to the 2 car garage are tucked privately down the hall. The heart of the home showcases an open-concept kitchen with white cabinetry, stainless steel appliances, and a large island overlooking the dining and great room. Enjoy cozy evenings by the electric fireplace surrounded by large windows. The private primary suite offers a dual vanity, walk-in shower, and expansive closet. Downstairs, enjoy a large rec room, a fifth bedroom, and a third full bath. Visit today and see why the Roland is built for the way you live! Ask about builder incentives with preferred lender. Photos similar to.

29. 2024-05-16
    listed $374,990 Active 1087-char remark

    Show marketing remark (1087 chars)

    * MODEL HOME-NOT FOR SALE * Tour this home ON YOUR OWN, at your convenience DAILY from 7:00AM to 10:00PM, using NterNow. Simply show up at the house &amp; Scan the QR code! Welcome to the Roland in Magnolia Heights - offering 5 bedrooms, 3 bathrooms, and 2,483 sq. ft. of beautifully designed living space, including a finished basement. The bright entryway leads past two bedrooms and a full bath, perfect for guests or a home office. A third bedroom, a convenient laundry room, and access to the 2 car garage are tucked privately down the hall. The heart of the home showcases an open-concept kitchen with white cabinetry, stainless steel appliances, and a large island overlooking the dining and great room. Enjoy cozy evenings by the electric fireplace surrounded by large windows. The private primary suite offers a dual vanity, walk-in shower, and expansive closet. Downstairs, enjoy a large rec room, a fifth bedroom, and a third full bath. Visit today and see why the Roland is built for the way you live! Ask about builder incentives with preferred lender. Photos similar to.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $28,134
• − Mortgage interest: −$20,053
• − Property taxes: −$5,370
• − Insurance: −$1,790
• − Repairs & maintenance: −$2,251
• − Management: −$2,251
• − HOA: −$228
• − Depreciation: −$10,414
• Taxable loss: −$14,223
• Est. tax savings @ 24.0%: +$3,413
• After-tax cash flow: $-4,277/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Waukee Community School District
• NCES district ID: 1930510
• Math proficiency: 80% ▼ -6.00%
• Reading proficiency: 79% ▼ -5.00%
• Median HH income: $88,580
• Composite: 70.94/100
• National rank: #245
• State rank: #14 of 289 in IA

Livability — Urbandale

• Score: 90/100
• State rank: #4
• US rank: #69

Category grades

Amenities A+ Commute F Cost of living A- Crime A+ Employment A+ Housing A+ Health & safety A+ User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Urbandale, IA
• County: Polk County · 453,298 people
• City population: 49,196
• Metro: Des Moines-West Des Moines, IA
• Population (ZIP): 17,265
• Household income: $175,944
• Rent vs Own: 12.8% rent · 87.2% own
• Severe rent burden: 63.0

Population outlook (Dallas County) Hauer SSP2

• Today (2025): 111,904 people
• By 2030: 127,807 · +14.2%
• By 2040: 160,576 · +43.5%
• By 2050: 194,154 · +73.5%
• By 2075: 271,895 · +143.0%
• By 2100: 326,525 · +191.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (86%)
• Race & ethnicity: White 86% Asian 6% Two or more races 4% Hispanic / Latino 3% Black 2%
• Common ancestry: Portuguese 6% Iranian 5% Lithuanian 2%
• Foreign-born: 7% · Canada, China, Philippines
• Languages at home: 92% English-only · Russian/Polish/Slavic 2% Chinese 1% Spanish 1%

Political lean MEDSL · Dallas

• 2024 margin: Toss-up / Even · D 46.9% · R 51.7% · Other 1.4%
• 2008→2024 swing: +0.8pp no change · 2008: -5.5pp · 2024: -4.8pp
• All cycles: 2024: R+4.8 2020: R+2.0 2016: R+9.6 2012: R+11.8 2008: R+5.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 4.81%
• Current HPI: 199.789
• Rent YoY: —
• Metro: Des Moines-West Des Moines, IA
• State GDP YoY: ▲ 2.48%
• F500 in state: 4

Industry mix (Fortune 500 HQ in IA)

Industry	F500 HQs	Revenue
▸Financial Services	1	$16B
▸Retail / Convenience	1	$15B

Price history

-4.5% since first listed

12 events — show timeline

• 2026-04-07 Price Changed $357,990 DMMLS
• 2026-04-02 Price Changed $354,990 DMMLS
• 2025-11-07 Price Changed $349,990 Zillow
• 2025-11-06 Price Changed $359,990 DMMLS
• 2025-08-20 Price Changed $374,990 Zillow
• 2025-08-19 Price Changed $374,990 DMMLS
• 2025-06-10 Price Changed $375,265 Zillow
• 2025-03-05 Price Changed $379,990 Zillow
• 2025-03-04 Price Changed $379,990 DMMLS
• 2025-02-26 Listed $364,990 Zillow
• 2024-07-10 Price Changed $364,990 DMMLS
• 2024-05-16 Listed $374,990 DMMLS

Property tax history

+33.3%/yr

Latest (2025): $8 · +33.3% YoY. Source: county tax records.