Real Estate Investing in Bondurant, Iowa (50035)

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

Polk County • Population: 9,668 • Data updated: September 2026

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Should you buy in 50035 (Bondurant, IA)? Our answer, based on the numbers below.

🏠 For Homebuyers
GOOD FIT
Grade B (81/100)

Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.

📈 For Investors
MIXED
3.0 / 5 (52/100)

A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.

⚠️ Risks to Know
CLEAN

No major risk flags on the data we track.

What’s happening in Bondurant, IA (50035)?

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3.0/ 5

Investability

Overall investment appeal

2.0/ 5

Appreciation

Long-term value growth

4.0/ 5

Cashflow ROI

Rental yield potential

Avg Home Value $330,907
Avg Monthly Rent $1,738
1% Rule ✗ Does Not Meet
Median Income $122,146
% Renters 8.3%

Market Analysis: 50035 Bondurant

Not every below-median market is a bargain. Bondurant's 50035 ZIP stands at signals that favor experienced operators who can absorb the risk $331K pricing implies.

Rent of $1,738/mo on a $331K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 50035 sits below the stated 0.0% once reality is priced in.

ZIP 50035's metrics run below Polk County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.

The 50035 ZIP's population of 9,668 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that sits at the need for careful underwriting.

Strategy in 50035 is an operator game, not a passive one. Looking more closely, entry prices of $331K are inviting, the management lift is real and non-optional.

Explore the Data — Click a Tab Below
🏦 Current 30-yr Fixed Mortgage Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS

Here's what matters if you're considering buying a home in Bondurant:

C+ Average
Buy Confidence Score: 68/100
Affordability
20/25
Appreciation
14/25
Stability
9/20
Timing
10/15
Rental backup
15/15
Affordability
Affordable
Homes cost 2.7× the median income
Value Trend
Declining (-0.5%)
How home values changed in the past year
Rental Backup
Strong
Could rent for $1,738/mo if you need to move
Market Conditions
COOL
More inventory, negotiating room for buyers
Bottom Line: Mixed signals in this market. Research specific properties carefully and be prepared to negotiate.
❄️
COOL MARKET
Des Moines-West Des Moines, IA Metro Area
More inventory, negotiating room for buyers
62 days
Average time to sell
Slow
11.0%
Listings with price cuts
Few Cuts
0.0%
Sale price vs asking
Below Ask
0.0%
Income needed for mortgage
Affordable
📅 Market conditions as of August 29, 2026 — updated weekly from Des Moines-West Des Moines, IA metro data
🏠

Property Strategy for 50035

Which property type performs best in this market?

Best for Cash Flow
3BR
4.2% cap rate
Best for Appreciation
4BR
+5.0% 5yr CAGR
Best Overall Value
4BR
$91,436/bedroom
📊 Compare All Property Types →
Type Median Value Est. Rent Cap Rate 5yr CAGR $/Bedroom
2BR $267,035 $1,340 3.6% +5.0% $133,518
3BR $314,485 $1,820 4.2% +4.6% $104,828
4BR $365,745 $1,870 3.7% +5.0% $91,436

Market Trends

Home Value History (with trend line)

$348K$309K$271K$233K$195K$157KJul 2006Jul 2016Jul 2026

Rent History (with trend line)

$1,795$1,783$1,771$1,759$1,746$1,734May 2026Jun 2026Jul 2026

📊 How Does 50035 Compare?

Metric 50035 Bondurant Des Moines-West Des Moines, IA Iowa
Home Value $330,907 $330,907 N/A $227,232
5-Year CAGR 2.5% 2.5% N/A 6.0%
Avg Rent $1,738 $1,738 N/A -
Cap Rate 4.1% 4.1% - -
💡 Why Invest in 50035? Click to expand

With a 3/5 investability rating, this ZIP shows solid fundamentals for buy-and-hold investors.

📊 See where this ZIP ranks in our Best-of lists →
A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Landlord Ground Truth

Real numbers from people who own or manage rentals in ZIP 50035 (Bondurant, IA). Anonymous, moderated, never written by AI.

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Investability
Good
Cap Rate
4.1%
Fair
5yr Growth
+2.5%
Slow

📊 Market Snapshot

Home Value $330,907
Monthly Rent $1,738
Price-to-Rent 15.9:1
1% Rule ✗ Fails

💰 Return Metrics

Gross Yield 6.3%
Cap Rate 4.1%
5-Year IRR 6.6%

📈 Home Appreciation

1-Year -0.5% ▼
3-Year CAGR +0.7% ▲
5-Year CAGR +2.5% ▲
10-Year CAGR +3.9% ▲

🏠 Rent Trends

1-Year N/A
3-Year CAGR N/A
5-Year CAGR N/A
Negative Leverage — IRR / Tax Play Cap Rate: 4.1%  |  30yr Rate: 6.8%
Leverage reduces cash returns at current rates.

The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.1%). 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.

Vacancy
3.7%
Low risk
Landlord Climate
5.0/5
Friendly
Value Trend (5yr)
+2.5%
Stable
Eviction process: Fast Rent control: Favorable

Demographics in 50035

Population: 9,668

💰 Median Household Income
$122,146
This area
$122,146
State
$71,886
USA
$74,580
🏠 Renter Occupied
8.3%
This area
8.3%
State
19.7%
USA
34.0%
💼 Unemployment Rate
0.8%
This area
0.8%
State
0.0%
USA
3.7%
🎓 College Educated
50.7%
This area
50.7%
State
18.8%
USA
33.7%
👤 Median Age
33.3 years
This area
33.3 years
State
40.2 years
USA
38.9 years
🏚️ Vacancy Rate
3.7%
This area
3.7%
State
11.7%
USA
10.5%
👥 Population by Ethnicity
White 92.7%
Black/African American 5.2%
Other/Mixed 1.3%
Asian 0.8%
Hispanic/Latino 0.7%
👶 Under 18
31.4%
This area
31.4%
USA
22.0%
👴 65 and Over
8.6%
This area
8.6%
USA
17.3%
📊 Poverty Rate
4.1%
This area
4.1%
USA
11.5%

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 50035

A Avg School Grade
5 Schools
14.6:1 Avg Class Size
$18,298 Avg Per Pupil

Schools in This ZIP Code

A+ Excellent
👥
428 Students
👨‍🏫
13.2:1 Class Size
💰
$18,298 Per Student
A+ Excellent

Bondurant-Farrar Junior High

📚 07 – 08 Middle
👥
408 Students
👨‍🏫
14.3:1 Class Size
💰
$18,298 Per Student
A+ Excellent

Morris Elementary

📚 Pre-K – 02 Elementary
👥
605 Students
👨‍🏫
14.3:1 Class Size
💰
$18,298 Per Student
A Very Good

Anderson Elementary School

📚 02 – 04 Elementary
👥
522 Students
👨‍🏫
15.6:1 Class Size
💰
$18,298 Per Student
B+ Above Average

Bondurant-Farrar High School

📚 09 – 12 High School
👥
804 Students
👨‍🏫
15.6:1 Class Size
💰
$18,298 Per Student
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

7 Nearby 13,258 Off-Campus Students
C+
Des Moines Area Community College
24,418 students · 7.9 mi
C+
Faith Baptist Bible College and Theological Seminary
586 students · 8.5 mi
C
Grand View University
1,796 students · 10.3 mi
D
Mercy College of Health Sciences
907 students · 12.5 mi
D
UnityPoint Health-Des Moines School of Radiologic Technology
16 students · 13.0 mi
C+
Drake University
4,504 students · 13.1 mi
C
Iowa School of Beauty-Des Moines
74 students · 14.7 mi

Investor Insight: With 13,258 students living off-campus nearby, this area has strong rental demand from the college population.

Frequently Asked Questions

Where do home prices stand in Bondurant, IA?

Bondurant, IA median home values land near $331K. That is reasonable territory for investors looking at $1,738/mo-per-month rentals.

What is the renter demographic in Bondurant, IA?

Bondurant, IA offers a reliable renter base at the $1,738/mo rent level. Tenant turnover is reasonable for well-managed properties.

What is it like being a landlord in Bondurant, IA?

IA law landlord-friendly for landlords, and Bondurant inherits those rules. Investors should still review local ordinances for rental licensing.

What investment strategy works best in Bondurant, IA?

In Bondurant, IA the robust play is typically careful cash-flow rentals with hands-on management. The combination of $331K prices and $1,738/mo rents suits that approach.

Is Bondurant, IA suited for a house hack?

For house hackers, Bondurant, IA is a challenging. The $1,738/mo rent on a unit helps defray the mortgage on a $331K property.

You know 50035 now. You don’t know where it ranks.

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How 50035 ranks in Des Moines-West Des Moines, IA

Every ZIP in this metro, ranked. Free.

Cash Flow → Appreciation → Affordable →
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