Real Estate Investing in Corydon, Iowa (50060)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 50060 (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: 16.2% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Corydon, IA (50060)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 50060 Corydon
ZIP 50060 inside Wayne County looks affordable on the surface — median value of $156K — but the discount exists for reasons that a careful buyer should understand before committing.
For an experienced owner, 50060 can be a a strong candidate for hunting ground — but the discount at $156K reflects genuine risk that outside investors often underestimate.
ZIP 50060's metrics run below Wayne County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
In practical terms, 2,385 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.
Experienced landlords with local relationships tend to find 50060 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Corydon:
Property Strategy for 50060
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $109,893 | $970 | 6.4% | +7.5% | $54,946 |
| 3BR | $160,972 | $1,260 | 5.6% | +8.0% | $53,657 |
| 4BR | $154,633 | $1,290 | 6.0% | +7.9% | $38,658 |
Market Trends
Home Value History (with trend line)
📊 How Does 50060 Compare?
| Metric | 50060 | Corydon | Iowa |
|---|---|---|---|
| Home Value | $155,546 | $163,494 | $227,232 |
| 5-Year CAGR | 7.9% | 10.4% | 6.0% |
| Avg Rent | $873 | $851 | - |
| Cap Rate | 4.4% | 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 50060 (Corydon, IA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $155,546 |
| Monthly Rent | $873 |
| Price-to-Rent | 14.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.7% |
| Cap Rate | 4.4% |
| 5-Year IRR | 12.2% |
📈 Home Appreciation
| 1-Year | +10.6% ▲ |
| 3-Year CAGR | +5.6% ▲ |
| 5-Year CAGR | +7.9% ▲ |
| 10-Year CAGR | +7.9% ▲ |
🏠 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 (4.4%). 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 50060
Population: 2,385
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 50060
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
How strong is Corydon, IA for real estate investors?
Corydon, IA scores 3.0/5 for investability. Home values sit at $156K and rents near $873/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
What approach is best for Corydon, IA real estate?
The best-fit strategy in Corydon, IA is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
What is the rental occupancy rate in Corydon, IA?
Occupancy in Corydon, IA runs measured with elevated vacancy. Well-priced units at $873/mo lease on reasonable timelines.
Is Corydon, IA suited for a house hack?
The a challenging house-hack environment in Corydon, IA reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
How qualified is the tenant pool in Corydon, IA?
The tenant pool in Corydon, IA is solid, supported by local employment and population fundamentals. Rents of $873/mo are well-absorbed by the market.
You know 50060 now. You don’t know where it ranks.
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