Real Estate Investing in Perry, Iowa (50220)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 50220 (Perry, 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.
- Elevated vacancy: 8.3% vacancy may signal weakening demand.
What’s happening in Perry, IA (50220)?
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Market Analysis: 50220 Perry
ZIP 50220 inside Dallas County looks affordable on the surface — median value of $177K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 50220 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Within IA, ZIP 50220 trails on several market indicators that neighboring Dallas County submarkets outperform. The gap is real and healthy enough to shape underwriting.
Demographically, 50220 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Distressed ZIPs reward experience. resilient returns are possible in 50220, 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 Perry:
Property Strategy for 50220
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $95,546 | $910 | 6.9% | +5.8% | $95,546 |
| 2BR | $127,053 | $1,090 | 6.2% | +8.5% | $63,527 |
| 3BR | $180,927 | $1,480 | 5.9% | +6.9% | $60,309 |
| 4BR | $216,492 | $1,530 | 5.1% | +7.1% | $54,123 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 50220 Compare?
| Metric | 50220 | Perry | Des Moines-West Des Moines, IA | Iowa |
|---|---|---|---|---|
| Home Value | $176,918 | $176,918 | N/A | $227,232 |
| 5-Year CAGR | 6.0% | 6.0% | N/A | 6.0% |
| Avg Rent | $923 | $923 | N/A | - |
| Cap Rate | 4.1% | 4.1% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 50220 (Perry, IA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $176,918 |
| Monthly Rent | $923 |
| Price-to-Rent | 16.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.3% |
| Cap Rate | 4.1% |
| 5-Year IRR | 10.0% |
📈 Home Appreciation
| 1-Year | +7.3% ▲ |
| 3-Year CAGR | +4.6% ▲ |
| 5-Year CAGR | +6.0% ▲ |
| 10-Year CAGR | +7.7% ▲ |
🏠 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 (4.1%). 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 50220
Population: 9,251
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 50220
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.
Frequently Asked Questions
What is the rental occupancy rate in Perry, IA?
Perry, IA vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Are renters plentiful in Perry, IA?
Working renters make up the core of the Perry, IA tenant base. The pool is reasonable for investors targeting long-term holds.
Is rental property easy to operate in Perry, IA?
The landlord environment in Perry, IA is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
Is Perry, IA good for house hacking?
House hacking in Perry, IA is a challenging. With home values around $177K and rents at $923/mo, owner-occupants can offset a meaningful share of PITI.
What price range are homes in Perry, IA?
Median home price in Perry, IA is near $177K, with a 5-year CAGR of 0.0%. Prices have been measured and supportive of buy-and-hold strategies.
You know 50220 now. You don’t know where it ranks.
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How 50220 ranks in Des Moines-West Des Moines, IA
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