Real Estate Investing in Harvey, Iowa (50119)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 50119 (Harvey, IA)? Our answer, based on the numbers below.
Mixed — values have been flat. OK for long-horizon buyers, less attractive if you may need to sell soon.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 14.2% of homes vacant — above national norms.
- Flat appreciation: Values have barely moved over 5 years (0.2% CAGR).
• 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 Harvey, IA (50119)?
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Market Analysis: 50119 Harvey
Not every below-median market is a bargain. Harvey's 50119 ZIP reports signals that favor experienced operators who can absorb the risk $169K pricing implies.
Rent of $918/mo on a $169K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 50119 sits below the stated 0.0% once reality is priced in.
Put differently, 50119 offers a low basis, the region around Harvey has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Employment concentration in 50119 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategy in 50119 is an operator game, not a passive one. Looking more closely, entry prices of $169K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Harvey:
Market Trends
Home Value History (with trend line)
📊 How Does 50119 Compare?
| Metric | 50119 | Harvey | Pella, IA | Iowa |
|---|---|---|---|---|
| Home Value | $169,440 | $169,440 | N/A | $227,232 |
| 5-Year CAGR | 0.2% | 0.2% | N/A | 6.0% |
| Avg Rent | $918 | $918 | N/A | - |
| Cap Rate | 4.2% | 4.2% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 50119 (Harvey, IA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $169,440 |
| Monthly Rent | $918 |
| Price-to-Rent | 15.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.5% |
| Cap Rate | 4.2% |
| 5-Year IRR | 4.4% |
📈 Home Appreciation
| 1-Year | +9.5% ▲ |
| 3-Year CAGR | +3.1% ▲ |
| 5-Year CAGR | +0.2% ▲ |
| 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 (4.2%). 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 50119
Population: 352
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Are renters plentiful in Harvey, IA?
Harvey, IA draws a consistent base of working renters. Demand at the $918/mo rent level is reasonable for standard single-family and small multi rentals.
Is Harvey, IA a good market for FHA house hackers?
Harvey, IA offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $918/mo rent level.
How do home values compare in Harvey, IA?
Homes in Harvey, IA typically sell near $169K. Prices have moved at a 0.0% 5-year CAGR, which measured long-term demand.
How landlord-friendly is Harvey, IA?
The landlord environment in Harvey, IA is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
Where do rents currently stand in Harvey, IA?
Investors in Harvey, IA typically see rents near $918/mo per month against $169K home values - a solid setup for rental cash flow.
You know 50119 now. You don’t know where it ranks.
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How 50119 ranks in Pella, IA
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