Real Estate Investing in Corydon, Iowa (50008)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 50008 (Corydon, 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 vacancy: 12.6% of homes vacant — above national norms.
ⓘ Read the numbers with care
- Volatile values — home values moved more than 35% in one year; the trend line deserves skepticism.
• 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 Corydon, IA (50008)?
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Market Analysis: 50008 Corydon
ZIP 50008 in Corydon, IA carries a notable set of headwinds. Home values near $171K and rents of $828/mo sit inside a market where underwriting has to be tight.
Meanwhile, the numbers look inviting — $171K purchase price, 0.0% nominal cap — the work to hit that pro forma in 50008 is substantial and deserves full respect.
Regionally, 50008 sits on the difficult end of the IA spectrum. The a credible choice for read — for disciplined operators — is that pricing reflects the difficulty.
Put differently, 759 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.
Strategically, 50008 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Corydon:
Property Strategy for 50008
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $86,386 | $920 | 7.7% | — | $43,193 |
| 3BR | $161,966 | $1,190 | 5.3% | — | $53,989 |
Market Trends
Home Value History (with trend line)
📊 How Does 50008 Compare?
| Metric | 50008 | Corydon | Iowa |
|---|---|---|---|
| Home Value | $171,442 | $163,494 | $227,232 |
| 5-Year CAGR | 13.0% | 10.4% | 6.0% |
| Avg Rent | $828 | $851 | - |
| Cap Rate | 3.8% | 4.1% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 50008 (Corydon, IA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $171,442 |
| Monthly Rent | $828 |
| Price-to-Rent | 17.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.8% |
| Cap Rate | 3.8% |
| 5-Year IRR | 16.7% |
📈 Home Appreciation
| 1-Year | +49.2% ▲ |
| 3-Year CAGR | +14.7% ▲ |
| 5-Year CAGR | +13.0% ▲ |
| 10-Year CAGR | N/A |
🏠 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 (3.8%). 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 50008
Population: 759
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
Frequently Asked Questions
How strong is Corydon, IA for real estate investors?
Corydon, IA scores 3.0/5 for investability. Home values sit at $171K and rents near $828/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
How do experienced investors play Corydon, IA?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Corydon, IA. The numbers - $171K homes against $828/mo rents - support that play.
How tight is the rental market in Corydon, IA?
Vacancy risk in Corydon, IA is elevated. That supports predictable cash flow for typical rental holds.
What is it like being a landlord in Corydon, IA?
IA law landlord-friendly for landlords, and Corydon inherits those rules. Investors should still review local ordinances for rental licensing.
How much should I expect to pay for a home in Corydon, IA?
Typical homes in Corydon, IA go for around $171K. The 5-year CAGR of 0.0% predictable price movement.
You know 50008 now. You don’t know where it ranks.
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