Rent in Elma, IA
A 2-bedroom in Elma, IA (ZIP 50628) typically rents for about $586 a month, with a range of $586–$927. Owner-occupied homes in Howard County pay about 1.25% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.24% in the week of Oct 29, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $688 | $688 | 1 |
| 1 bed | $915 | $852–$915 | 1 |
| 2 beds | $586 | $586–$927 | 1 |
| 3 beds | $529 | $529–$1,284 | 1 |
| 4 beds | $1,523 | $1,523 | 1 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Elma ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Elma, IA?
- About $586 a month: the median of the typical rents in 1 ZIP code, which range from $586–$927. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Elma, IA?
- About $915 a month: the median of the typical rents in 1 ZIP code, which range from $852–$915. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Elma, IA?
- About $529 a month: the median of the typical rents in 1 ZIP code, which range from $529–$1,284. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Elma, IA?
- About $688 a month: the median of the typical rents in 1 ZIP code, which range from $688. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Elma, IA?
- About $1,523 a month: the median of the typical rents in 1 ZIP code, which range from $1,523. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Elma, IA?
- Owner-occupied homes in Howard County pay a typical 1.25% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.24% in the week of Oct 29, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Elma rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).