Real Estate Investing in Adair, Iowa (50002)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 50002 (Adair, IA)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 11.4% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Adair, IA (50002)?
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Market Analysis: 50002 Adair
ZIP 50002 inside Guthrie County looks affordable on the surface — median value of $206K — but the discount exists for reasons that a careful buyer should understand before committing.
Rent of $945/mo on a $206K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 50002 sits below the stated 0.0% once reality is priced in.
ZIP 50002's metrics run below Guthrie County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Stepping back, 1,522 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Experienced landlords with local relationships tend to find 50002 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Adair:
Market Trends
Home Value History (with trend line)
📊 How Does 50002 Compare?
| Metric | 50002 | Adair | Des Moines-West Des Moines, IA | Iowa |
|---|---|---|---|---|
| Home Value | $205,671 | $205,671 | N/A | $227,232 |
| 5-Year CAGR | 6.6% | 6.6% | N/A | 6.0% |
| Avg Rent | $945 | $945 | N/A | - |
| Cap Rate | 3.6% | 3.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 50002 (Adair, IA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $205,671 |
| Monthly Rent | $945 |
| Price-to-Rent | 18.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.5% |
| Cap Rate | 3.6% |
| 5-Year IRR | 10.2% |
📈 Home Appreciation
| 1-Year | +8.6% ▲ |
| 3-Year CAGR | +5.7% ▲ |
| 5-Year CAGR | +6.6% ▲ |
| 10-Year CAGR | +7.5% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.6%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 50002
Population: 1,522
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 50002
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
Frequently Asked Questions
What kind of tenants rent in Adair, IA?
Adair, IA offers a measured renter base at the $945/mo rent level. Tenant turnover is reasonable for well-managed properties.
Is Adair, IA suited for a house hack?
The a challenging house-hack environment in Adair, IA reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
Where do home prices stand in Adair, IA?
Adair, IA home values average about $206K. That price point suits investors targeting rentals with $945/mo in monthly income.
Do rentals sit vacant long in Adair, IA?
Expect elevated vacancy in Adair, IA. Rents at $945/mo are absorbed by the tenant base without meaningful lag.
What is it like being a landlord in Adair, IA?
IA ranks as a landlord-friendly state for landlord-tenant law. Adair generally follows the statewide framework, so landlords face reasonable operating rules.
You know 50002 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 50002 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 50002 ranks in Des Moines-West Des Moines, IA
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