Real Estate Investing in Le Grand, Iowa (50142)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 50142 (Le Grand, IA)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High vacancy: 12.9% of homes vacant — above national norms.
• 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 Le Grand, IA (50142)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 50142 Le Grand
This part of Marshall County is not an easy win. The 50142 ZIP comes in at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Rent of $828/mo on a $184K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 50142 sits below the stated 0.0% once reality is priced in.
ZIP 50142's metrics run below Marshall County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The 50142 ZIP's population of 779 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that shows the need for careful underwriting.
New investors are better served looking at Le Grand's stable or hybrid ZIPs before stepping into 50142. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Le Grand:
Market Trends
Home Value History (with trend line)
📊 How Does 50142 Compare?
| Metric | 50142 | Le Grand | Marshalltown, IA | Iowa |
|---|---|---|---|---|
| Home Value | $183,801 | $183,801 | N/A | $227,232 |
| 5-Year CAGR | N/A | N/A | N/A | 6.0% |
| Avg Rent | $828 | $828 | N/A | - |
| Cap Rate | 3.5% | 3.5% | - | - |
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 50142 (Le Grand, IA). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 50142 (Le Grand, IA)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $183,801 |
| Monthly Rent | $828 |
| Price-to-Rent | 18.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.4% |
| Cap Rate | 3.5% |
| 5-Year IRR | 7.6% |
📈 Home Appreciation
| 1-Year | +8.8% ▲ |
| 3-Year CAGR | +4.1% ▲ |
| 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 (3.5%). 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 50142
Population: 779
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 50142
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
Frequently Asked Questions
Are homes affordable in Le Grand, IA?
Le Grand, IA median home values land near $184K. That is reasonable territory for investors looking at $828/mo-per-month rentals.
Is Le Grand, IA suited for a house hack?
For house hackers, Le Grand, IA is a challenging. The $828/mo rent on a unit helps defray the mortgage on a $184K property.
Is real estate in Le Grand, IA a good investment right now?
Le Grand, IA rates 2.0/5 for investability. With median values at $184K and rents near $828/mo, the market offers reasonable fundamentals for rental investors.
Should investors worry about vacancy in Le Grand, IA?
Le Grand, IA sees elevated vacancy, which is reasonable relative to the broader IA rental market.
Is Le Grand, IA good for landlords?
Le Grand, IA falls under IA landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
You know 50142 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 50142 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 50142 ranks in Marshalltown, IA
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 50142 (Le Grand)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 50142 (Le Grand, IA).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.