Real Estate Investing in Baxter, Iowa (50028)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 50028 (Baxter, 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: 8.7% 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 Baxter, IA (50028)?
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Market Analysis: 50028 Baxter
Investors eyeing 50028 need to respect the fundamentals at play. Home values of $275K come alongside slower price movement and elevated management overhead.
Rent of $936/mo on a $275K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 50028 sits below the stated 0.0% once reality is priced in.
Within IA, ZIP 50028 trails on several market indicators that neighboring Jasper County submarkets outperform. The gap is real and durable enough to shape underwriting.
Resident income in 50028 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The right play in 50028 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Baxter:
Property Strategy for 50028
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $180,782 | $1,040 | 4.1% | +6.1% | $90,391 |
| 3BR | $254,209 | $1,390 | 3.9% | +7.7% | $84,736 |
| 4BR | $338,276 | $1,410 | 3.0% | +7.3% | $84,569 |
Market Trends
Home Value History (with trend line)
📊 How Does 50028 Compare?
| Metric | 50028 | Baxter | Des Moines-West Des Moines, IA | Iowa |
|---|---|---|---|---|
| Home Value | $274,549 | $274,549 | N/A | $227,232 |
| 5-Year CAGR | 7.1% | 7.1% | N/A | 6.0% |
| Avg Rent | $936 | $936 | N/A | - |
| Cap Rate | 2.7% | 2.7% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 50028 (Baxter, IA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $274,549 |
| Monthly Rent | $936 |
| Price-to-Rent | 24.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.1% |
| Cap Rate | 2.7% |
| 5-Year IRR | 9.8% |
📈 Home Appreciation
| 1-Year | +10.5% ▲ |
| 3-Year CAGR | +6.5% ▲ |
| 5-Year CAGR | +7.1% ▲ |
| 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 (2.7%). 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 50028
Population: 1,930
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 50028
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
Is housing expensive in Baxter, IA?
Baxter, IA median home values land near $275K. That is reasonable territory for investors looking at $936/mo-per-month rentals.
What is it like being a landlord in Baxter, IA?
IA law landlord-friendly for landlords, and Baxter inherits those rules. Investors should still review local ordinances for rental licensing.
What is the investability score for Baxter, IA?
Baxter, IA shows an investability rating of 3.0/5, with median home values near $275K and average rents around $936/mo. That combination puts it in the robust tier for investor interest.
What do rentals go for in Baxter, IA?
Rental rates in Baxter, IA average $936/mo. Tenant demand and $275K home values make the yield look reasonable by investor standards.
How strong is tenant demand in Baxter, IA?
Working renters make up the core of the Baxter, IA tenant base. The pool is reasonable for investors targeting long-term holds.
You know 50028 now. You don’t know where it ranks.
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How 50028 ranks in Des Moines-West Des Moines, IA
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