Real Estate Investing in Jamaica, Iowa (50128)
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Should you buy in 50128 (Jamaica, 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.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
No major risk flags on the data we track.
• 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 Jamaica, IA (50128)?
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Market Analysis: 50128 Jamaica
ZIP 50128 in Jamaica, IA carries a solid set of headwinds. Home values near $174K and rents of $828/mo sit inside a market where underwriting has to be tight.
Stepping back, the numbers look inviting — $174K purchase price, 0.0% nominal cap — the work to hit that pro forma in 50128 is substantial and deserves full respect.
Nearby ZIPs in Jamaica have seen price recovery that 50128 has not matched. Guthrie County data supports the view that the spread is structural rather than temporary.
Resident income in 50128 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Distressed ZIPs reward experience. substantial returns are possible in 50128, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Jamaica:
Market Trends
Home Value History (with trend line)
📊 How Does 50128 Compare?
| Metric | 50128 | Jamaica | Des Moines-West Des Moines, IA | Iowa |
|---|---|---|---|---|
| Home Value | $173,936 | $173,936 | N/A | $227,232 |
| 5-Year CAGR | N/A | N/A | N/A | 6.0% |
| Avg Rent | $828 | $828 | N/A | - |
| Cap Rate | 3.7% | 3.7% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 50128 (Jamaica, IA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $173,936 |
| Monthly Rent | $828 |
| Price-to-Rent | 17.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.7% |
| Cap Rate | 3.7% |
| 5-Year IRR | 5.8% |
📈 Home Appreciation
| 1-Year | +4.0% ▲ |
| 3-Year CAGR | +2.1% ▲ |
| 5-Year CAGR | N/A |
| 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 (3.7%). 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 50128
Population: 331
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
Do landlords face vacancy issues in Jamaica, IA?
Rental vacancy in Jamaica, IA is elevated. Investors should budget normal turnover but not chronic empty units.
How much should I expect to pay for a home in Jamaica, IA?
Typical homes in Jamaica, IA go for around $174K. The 5-year CAGR of 0.0% measured price movement.
How should investors approach Jamaica, IA?
Most investors in Jamaica, IA run a careful cash-flow rentals with hands-on management strategy. It aligns with the 2.0/5 investability profile and the market fundamentals.
How do landlord-tenant laws work in Jamaica, IA?
IA law landlord-friendly for landlords, and Jamaica inherits those rules. Investors should still review local ordinances for rental licensing.
Is Jamaica, IA a good market for buy-and-hold investors?
Our data puts Jamaica, IA at 2.0/5 for investability. Home prices of $174K and rents around $828/mo create a solid backdrop for investor activity.
You know 50128 now. You don’t know where it ranks.
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How 50128 ranks in Des Moines-West Des Moines, IA
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