Real Estate Investing in Pilot Mound, Iowa (50223)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 50223 (Pilot Mound, IA)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 33.7% of homes vacant — above national norms.
- Lower household income: $38,516 median — tenant affordability is tighter.
• 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 Pilot Mound, IA (50223)?
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Market Analysis: 50223 Pilot Mound
Not every below-median market is a bargain. Pilot Mound's 50223 ZIP reflects signals that favor experienced operators who can absorb the risk $187K pricing implies.
For an experienced owner, 50223 can be a a solid fit for hunting ground — but the discount at $187K reflects genuine risk that outside investors often underestimate.
Regionally, 50223 sits on the difficult end of the IA spectrum. The an appealing option for read — for disciplined operators — is that pricing reflects the difficulty.
Resident income in 50223 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The 50223 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Pilot Mound:
Market Trends
Home Value History (with trend line)
📊 How Does 50223 Compare?
| Metric | 50223 | Pilot Mound | Iowa |
|---|---|---|---|
| Home Value | $186,637 | $186,637 | $227,232 |
| 5-Year CAGR | 4.9% | 4.9% | 6.0% |
| Avg Rent | $828 | $828 | - |
| Cap Rate | 3.5% | 3.5% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 50223 (Pilot Mound, IA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $186,637 |
| Monthly Rent | $828 |
| Price-to-Rent | 18.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.3% |
| Cap Rate | 3.5% |
| 5-Year IRR | 8.3% |
📈 Home Appreciation
| 1-Year | +13.6% ▲ |
| 3-Year CAGR | +5.0% ▲ |
| 5-Year CAGR | +4.9% ▲ |
| 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 (3.5%). 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 50223
Population: 248
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
Is Pilot Mound, IA a good market for buy-and-hold investors?
Our data puts Pilot Mound, IA at 3.0/5 for investability. Home prices of $187K and rents around $828/mo create a solid backdrop for investor activity.
What type of investing works in Pilot Mound, IA?
A careful cash-flow rentals with hands-on management strategy Pilot Mound, IA best. The market produces measured results for that approach at the $187K price point.
What is the rental occupancy rate in Pilot Mound, IA?
Occupancy in Pilot Mound, IA runs reliable with elevated vacancy. Well-priced units at $828/mo lease on reasonable timelines.
Does house hacking work in Pilot Mound, IA?
House hacking works a challenging in Pilot Mound, IA. Rents of $828/mo against $187K acquisition make the strategy solid for owner-occupants.
Is it easy to find good tenants in Pilot Mound, IA?
The renter base in Pilot Mound, IA is reasonable for the $828/mo price point. Screening well and pricing to market typically yields measured tenants.
You know 50223 now. You don’t know where it ranks.
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