Real Estate Investing in New Providence, Iowa (50206)
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Should you buy in 50206 (New Providence, 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: 14.9% 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 New Providence, IA (50206)?
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Market Analysis: 50206 New Providence
From a cash-flow lens, ZIP 50206 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $183K median. It rewards specialists, not generalists.
From an investor standpoint, the numbers look inviting — $183K purchase price, 0.0% nominal cap — the work to hit that pro forma in 50206 is substantial and deserves full respect.
Nearby ZIPs in New Providence have seen price recovery that 50206 has not matched. Hardin County data supports the view that the spread is structural rather than temporary.
A durable renter share of 18% in 50206 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
looks to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in New Providence:
Market Trends
Home Value History (with trend line)
📊 How Does 50206 Compare?
| Metric | 50206 | New Providence | Marshalltown, IA | Iowa |
|---|---|---|---|---|
| Home Value | $183,454 | $183,454 | N/A | $227,232 |
| 5-Year CAGR | N/A | N/A | N/A | 6.0% |
| Avg Rent | $864 | $864 | 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 50206 (New Providence, IA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $183,454 |
| Monthly Rent | $864 |
| Price-to-Rent | 17.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.7% |
| Cap Rate | 3.7% |
| 5-Year IRR | 9.1% |
📈 Home Appreciation
| 1-Year | +6.8% ▲ |
| 3-Year CAGR | +5.4% ▲ |
| 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 50206
Population: 460
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
Should investors consider New Providence, IA?
The 2.0/5 investability rating in New Providence, IA reflects its $183K prices and $864/mo rents. Investors generally consider it a solid option within IA.
Where do home prices stand in New Providence, IA?
New Providence, IA home values average about $183K. That price point suits investors targeting rentals with $864/mo in monthly income.
How strong are rents in New Providence, IA?
The typical rental in New Providence, IA commands about $864/mo monthly. That rent profile stable cash flow against the $183K purchase basis.
What real estate strategy is ideal for New Providence, IA?
New Providence, IA investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($183K prices, $864/mo rents) make it a reasonable choice.
What are vacancy rates like in New Providence, IA?
Vacancy in New Providence, IA is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $864/mo.
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How 50206 ranks in Marshalltown, IA
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