Real Estate Investing in Alleman, Iowa (50007)
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Should you buy in 50007 (Alleman, 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.
- High price-to-rent: Price-to-rent ratio 28.4 — hard to cash-flow at these prices.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Alleman, IA (50007)?
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Market Analysis: 50007 Alleman
This part of Polk County is not an easy win. The 50007 ZIP reports softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 50007 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Nearby ZIPs in Alleman have seen price recovery that 50007 has not matched. Polk County data supports the view that the spread is structural rather than temporary.
The 50007 ZIP's population of 490 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that sits at the need for careful underwriting.
New investors are better served looking at Alleman's stable or hybrid ZIPs before stepping into 50007. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Alleman:
Market Trends
Home Value History (with trend line)
📊 How Does 50007 Compare?
| Metric | 50007 | Alleman | Des Moines-West Des Moines, IA | Iowa |
|---|---|---|---|---|
| Home Value | $380,067 | $380,067 | N/A | $227,232 |
| 5-Year CAGR | 6.1% | 6.1% | N/A | 6.0% |
| Avg Rent | $1,116 | $1,116 | N/A | - |
| Cap Rate | 2.3% | 2.3% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 50007 (Alleman, IA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $380,067 |
| Monthly Rent | $1,116 |
| Price-to-Rent | 28.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.5% |
| Cap Rate | 2.3% |
| 5-Year IRR | 8.4% |
📈 Home Appreciation
| 1-Year | +9.4% ▲ |
| 3-Year CAGR | +5.4% ▲ |
| 5-Year CAGR | +6.1% ▲ |
| 10-Year CAGR | +6.6% ▲ |
🏠 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 (2.3%). 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 50007
Population: 490
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 50007
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.
🎓 Nearby Colleges & Universities
Investor Insight: With 13,258 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What investment strategy works best in Alleman, IA?
In Alleman, IA the durable play is typically careful cash-flow rentals with hands-on management. The combination of $380K prices and $1,116/mo rents suits that approach.
What kind of tenants rent in Alleman, IA?
Alleman, IA offers a stable renter base at the $1,116/mo rent level. Tenant turnover is reasonable for well-managed properties.
What is the typical vacancy rate in Alleman, IA?
Occupancy in Alleman, IA runs reliable with elevated vacancy. Well-priced units at $1,116/mo lease on reasonable timelines.
Is Alleman, IA a good market for FHA house hackers?
Alleman, IA is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $380K price point reasonable to enter.
How do home values compare in Alleman, IA?
In Alleman, IA the median home value sits at $380K. Against the broader IA market, that reads as reasonable for most investors.
You know 50007 now. You don’t know where it ranks.
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How 50007 ranks in Des Moines-West Des Moines, IA
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