Best ZIP Codes for Cash Flow in Spencer, IA (2026)
Ranked by cap rate — the annual return on the purchase price before financing. ZIPs that also clear the 1% rule are marked.
| # | ZIP | City | Home value | Rent | Cap rate | 5-yr growth |
|---|---|---|---|---|---|---|
| 1 | 50515 | Ayrshire, IA | $149,171 | $1,233 | 6.45% | — |
| 2 | 51047 | Peterson, IA | $175,478 | $963 | 4.28% | 8.9% |
| 3 | 51340 | Fostoria, IA | $151,731 | $828 | 4.26% | — |
| 4 | 51338 | Everly, IA | $164,733 | $864 | 4.09% | 5.9% |
| 5 | 51366 | Webb, IA | $194,884 | $1,017 | 4.07% | — |
| 6 | 51343 | Greenville, IA | $184,303 | $918 | 3.89% | — |
| 7 | 51358 | Ruthven, IA | $189,197 | $828 | 3.41% | 6.5% |
| 8 | 51301 | Spencer, IA | $200,145 | $864 | 3.37% | 5.3% |
| 9 | 51333 | Dickens, IA | $245,437 | $1,026 | 3.26% | 9.0% |
Ranked from Repit’s own ZIP-level data — Zillow home values and rents, HUD fair-market rents where Zillow has no coverage, and U.S. Census vacancy. Cap rate is gross: annual rent over purchase price, before financing and expenses. Every ZIP above links to its full free page. How we calculate this →
Same metro, different strategy
Appreciation in Spencer, IA · Affordable in Spencer, IA
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