Real Estate Investing in Boone, Iowa (50036)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 50036 (Boone, 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: 8.6% vacancy may signal weakening demand.
What’s happening in Boone, IA (50036)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 50036 Boone
ZIP 50036 inside Boone County looks affordable on the surface — median value of $215K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed markets are won on execution, not on spreadsheets. ZIP 50036 shows the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
The gap between 50036 and stronger Boone ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Put differently, 16,318 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.
appears to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Boone:
Property Strategy for 50036
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $95,220 | $790 | 6.0% | +6.3% | $95,220 |
| 2BR | $157,704 | $1,030 | 4.7% | +7.0% | $78,852 |
| 3BR | $222,068 | $1,430 | 4.6% | +7.2% | $74,023 |
| 4BR | $288,705 | $1,510 | 3.8% | +7.4% | $72,176 |
| 5BR | $384,699 | — | — | +7.9% | $76,940 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 50036 Compare?
| Metric | 50036 | Boone | Ames, IA | Iowa |
|---|---|---|---|---|
| Home Value | $214,633 | $214,633 | N/A | $227,232 |
| 5-Year CAGR | 5.2% | 5.2% | N/A | 6.0% |
| Avg Rent | $770 | $770 | N/A | - |
| Cap Rate | 2.8% | 2.8% | - | - |
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 50036 (Boone, IA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $214,633 |
| Monthly Rent | $770 |
| Price-to-Rent | 23.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.3% |
| Cap Rate | 2.8% |
| 5-Year IRR | 8.0% |
📈 Home Appreciation
| 1-Year | +6.3% ▲ |
| 3-Year CAGR | +4.6% ▲ |
| 5-Year CAGR | +5.2% ▲ |
| 10-Year CAGR | +5.9% ▲ |
🏠 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 (2.8%). 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 50036
Population: 16,318
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 50036
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 2,052 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How much is rent in Boone, IA?
Investors in Boone, IA typically see rents near $770/mo per month against $215K home values - a solid setup for rental cash flow.
What is the typical vacancy rate in Boone, IA?
Vacancy risk in Boone, IA is elevated. That supports predictable cash flow for typical rental holds.
Should investors consider Boone, IA?
Our data puts Boone, IA at 3.0/5 for investability. Home prices of $215K and rents around $770/mo create a solid backdrop for investor activity.
Does house hacking work in Boone, IA?
House hacking in Boone, IA is a challenging. With home values around $215K and rents at $770/mo, owner-occupants can offset a meaningful share of PITI.
Are renters plentiful in Boone, IA?
The renter base in Boone, IA is reasonable for the $770/mo price point. Screening well and pricing to market typically yields consistent tenants.
You know 50036 now. You don’t know where it ranks.
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How 50036 ranks in Ames, IA
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