Real Estate Investing in Milo, Iowa (50166)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 50166 (Milo, 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.
No major risk flags on the data we track.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Milo, IA (50166)?
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Market Analysis: 50166 Milo
Investors eyeing 50166 need to respect the fundamentals at play. Home values of $279K come alongside slower price movement and elevated management overhead.
The investment case in 50166 is substantial only for operators who understand what they are buying. A $279K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
In practical terms, 50166 offers a low basis, the region around Milo has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
A sturdy renter share of 6% in 50166 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The right play in 50166 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Milo:
Property Strategy for 50166
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $191,261 | $1,090 | 4.1% | — | $95,631 |
| 3BR | $258,749 | $1,480 | 4.1% | +6.9% | $86,250 |
| 4BR | $302,115 | $1,520 | 3.6% | +7.0% | $75,529 |
Market Trends
Home Value History (with trend line)
📊 How Does 50166 Compare?
| Metric | 50166 | Milo | Des Moines-West Des Moines, IA | Iowa |
|---|---|---|---|---|
| Home Value | $279,282 | $279,282 | N/A | $227,232 |
| 5-Year CAGR | 5.7% | 5.7% | N/A | 6.0% |
| Avg Rent | $981 | $981 | N/A | - |
| Cap Rate | 2.7% | 2.7% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 50166 (Milo, IA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $279,282 |
| Monthly Rent | $981 |
| Price-to-Rent | 23.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.2% |
| Cap Rate | 2.7% |
| 5-Year IRR | 8.5% |
📈 Home Appreciation
| 1-Year | +8.6% ▲ |
| 3-Year CAGR | +5.6% ▲ |
| 5-Year CAGR | +5.7% ▲ |
| 10-Year CAGR | +6.7% ▲ |
🏠 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 (2.7%). 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 50166
Population: 2,083
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 50166
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
How tight is the rental market in Milo, IA?
Vacancy risk in Milo, IA is elevated. That supports even-keeled cash flow for typical rental holds.
Can I house hack in Milo, IA?
Milo, IA offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $981/mo rent level.
How much should I expect to pay for a home in Milo, IA?
Typical homes in Milo, IA go for around $279K. The 5-year CAGR of 0.0% consistent price movement.
Is IA a landlord-friendly state?
The landlord environment in Milo, IA is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
What kind of tenants rent in Milo, IA?
Tenant quality in Milo, IA ranks as solid. Landlords generally report consistent occupancy at market rents of $981/mo.
You know 50166 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 50166 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 50166 ranks in Des Moines-West Des Moines, IA
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