Real Estate Investing in Rhodes, Iowa (50234)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 50234 (Rhodes, IA)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High vacancy: 20.3% 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 Rhodes, IA (50234)?
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Market Analysis: 50234 Rhodes
The 50234 ZIP in Rhodes, IA is a local-operator market. Outside capital chasing a $253K entry has to pair deep knowledge with the discount.
In practical terms, the numbers look inviting — $253K purchase price, 0.0% nominal cap — the work to hit that pro forma in 50234 is substantial and deserves full respect.
The gap between 50234 and stronger Rhodes ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
A solid renter share of 7% in 50234 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The 50234 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 Rhodes:
Market Trends
Home Value History (with trend line)
📊 How Does 50234 Compare?
| Metric | 50234 | Rhodes | Marshalltown, IA | Iowa |
|---|---|---|---|---|
| Home Value | $253,058 | $253,058 | N/A | $227,232 |
| 5-Year CAGR | N/A | N/A | N/A | 6.0% |
| Avg Rent | $963 | $963 | N/A | - |
| Cap Rate | 3.0% | 3.0% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 50234 (Rhodes, IA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $253,058 |
| Monthly Rent | $963 |
| Price-to-Rent | 21.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.6% |
| Cap Rate | 3.0% |
| 5-Year IRR | 9.8% |
📈 Home Appreciation
| 1-Year | +9.6% ▲ |
| 3-Year CAGR | +6.8% ▲ |
| 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 (3.0%). 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 50234
Population: 463
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
Does Rhodes, IA make sense for an investment property?
The 2.0/5 investability rating in Rhodes, IA reflects its $253K prices and $963/mo rents. Investors generally consider it a solid option within IA.
What type of investing works in Rhodes, IA?
Investors usually favor careful cash-flow rentals with hands-on management in Rhodes, IA. With home values at $253K and rents near $963/mo, other strategies can work but produce predictable rather than outsized returns.
How much rent can I charge in Rhodes, IA?
Rents in Rhodes, IA run near $963/mo. Compared with median home prices of $253K that produces solid gross yields for typical rentals.
What is the renter demographic in Rhodes, IA?
Tenant quality in Rhodes, IA ranks as solid. Landlords generally report predictable occupancy at market rents of $963/mo.
Are homes affordable in Rhodes, IA?
Rhodes, IA home values average about $253K. That price point suits investors targeting rentals with $963/mo in monthly income.
You know 50234 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 50234 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 50234 ranks in Marshalltown, IA
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