Real Estate Investing in Redfield, Iowa (50233)
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Should you buy in 50233 (Redfield, IA)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 10.4% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Redfield, IA (50233)?
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Market Analysis: 50233 Redfield
The 50233 ZIP in Redfield, IA is a local-operator market. Outside capital chasing a $230K entry has to pair deep knowledge with the discount.
For an experienced owner, 50233 can be a a strong candidate for hunting ground — but the discount at $230K reflects genuine risk that outside investors often underestimate.
Regionally, 50233 sits on the difficult end of the IA spectrum. The worth a close look for read — for disciplined operators — is that pricing reflects the difficulty.
A healthy renter share of 10% in 50233 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The 50233 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 Redfield:
Property Strategy for 50233
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $153,348 | $1,270 | 6.0% | +5.6% | $76,674 |
| 3BR | $250,232 | $1,720 | 4.9% | +6.2% | $83,411 |
Market Trends
Home Value History (with trend line)
📊 How Does 50233 Compare?
| Metric | 50233 | Redfield | Des Moines-West Des Moines, IA | Iowa |
|---|---|---|---|---|
| Home Value | $229,823 | $229,823 | N/A | $227,232 |
| 5-Year CAGR | 4.8% | 4.8% | N/A | 6.0% |
| Avg Rent | $1,143 | $1,143 | N/A | - |
| Cap Rate | 3.9% | 3.9% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 50233 (Redfield, IA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $229,823 |
| Monthly Rent | $1,143 |
| Price-to-Rent | 16.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.0% |
| Cap Rate | 3.9% |
| 5-Year IRR | 8.6% |
📈 Home Appreciation
| 1-Year | +6.4% ▲ |
| 3-Year CAGR | +4.2% ▲ |
| 5-Year CAGR | +4.8% ▲ |
| 10-Year CAGR | +8.3% ▲ |
🏠 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 (3.9%). 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 50233
Population: 1,385
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 50233
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
Does Redfield, IA make sense for an investment property?
The 3.0/5 investability rating in Redfield, IA reflects its $230K prices and $1,143/mo rents. Investors generally consider it a solid option within IA.
What is the rental occupancy rate in Redfield, IA?
Occupancy in Redfield, IA runs steady with elevated vacancy. Well-priced units at $1,143/mo lease on reasonable timelines.
Where do rents currently stand in Redfield, IA?
Investors in Redfield, IA typically see rents near $1,143/mo per month against $230K home values - a solid setup for rental cash flow.
What does house hacking look like in Redfield, IA?
For house hackers, Redfield, IA is a challenging. The $1,143/mo rent on a unit helps defray the mortgage on a $230K property.
How do experienced investors play Redfield, IA?
The best-fit strategy in Redfield, IA is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
You know 50233 now. You don’t know where it ranks.
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How 50233 ranks in Des Moines-West Des Moines, IA
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