Real Estate Investing in Reasnor, Iowa (50232)
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Should you buy in 50232 (Reasnor, 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.
• 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 Reasnor, IA (50232)?
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Market Analysis: 50232 Reasnor
The 50232 ZIP in Reasnor, IA is a local-operator market. Outside capital chasing a $248K entry has to pair deep knowledge with the discount.
The investment case in 50232 is notable only for operators who understand what they are buying. A $248K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Nearby ZIPs in Reasnor have seen price recovery that 50232 has not matched. Jasper County data supports the view that the spread is structural rather than temporary.
The 50232 ZIP's population of 656 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that clocks in at the need for careful underwriting.
The 50232 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Reasnor:
Market Trends
Home Value History (with trend line)
📊 How Does 50232 Compare?
| Metric | 50232 | Reasnor | Des Moines-West Des Moines, IA | Iowa |
|---|---|---|---|---|
| Home Value | $247,531 | $247,531 | N/A | $227,232 |
| 5-Year CAGR | 6.1% | 6.1% | N/A | 6.0% |
| Avg Rent | $1,062 | $1,062 | N/A | - |
| Cap Rate | 3.4% | 3.4% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 50232 (Reasnor, IA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $247,531 |
| Monthly Rent | $1,062 |
| Price-to-Rent | 19.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.4% |
| 5-Year IRR | 9.4% |
📈 Home Appreciation
| 1-Year | +10.0% ▲ |
| 3-Year CAGR | +5.2% ▲ |
| 5-Year CAGR | +6.1% ▲ |
| 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 (3.4%). 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 50232
Population: 656
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Are homes affordable in Reasnor, IA?
Reasnor, IA median home values land near $248K. That is reasonable territory for investors looking at $1,062/mo-per-month rentals.
How does Reasnor, IA rate as a rental market?
Reasnor, IA rates 3.0/5 for investability. With median values at $248K and rents near $1,062/mo, the market offers reasonable fundamentals for rental investors.
Should investors worry about vacancy in Reasnor, IA?
Vacancy in Reasnor, IA is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,062/mo.
What is it like being a landlord in Reasnor, IA?
IA law landlord-friendly for landlords, and Reasnor inherits those rules. Investors should still review local ordinances for rental licensing.
What kind of tenants rent in Reasnor, IA?
Tenant quality in Reasnor, IA ranks as solid. Landlords generally report measured occupancy at market rents of $1,062/mo.
You know 50232 now. You don’t know where it ranks.
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How 50232 ranks in Des Moines-West Des Moines, IA
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