Real Estate Investing in Slater, Iowa (50244)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 50244 (Slater, 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.
- High price-to-rent: Price-to-rent ratio 28.4 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Slater, IA (50244)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 50244 Slater
ZIP 50244 in Slater, IA carries a notable set of headwinds. Home values near $301K and rents of $882/mo sit inside a market where underwriting has to be tight.
Distressed markets are won on execution, not on spreadsheets. ZIP 50244 records the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Statewide comparisons place 50244 among IA's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Who lives in 50244 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Distressed ZIPs reward experience. significant returns are possible in 50244, 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 Slater:
Property Strategy for 50244
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $210,275 | $980 | 3.4% | +6.0% | $105,137 |
| 3BR | $273,118 | $1,360 | 3.6% | +6.2% | $91,039 |
| 4BR | $336,694 | $1,600 | 3.4% | +6.7% | $84,174 |
Market Trends
Home Value History (with trend line)
📊 How Does 50244 Compare?
| Metric | 50244 | Slater | Des Moines-West Des Moines, IA | Iowa |
|---|---|---|---|---|
| Home Value | $301,007 | $301,007 | N/A | $227,232 |
| 5-Year CAGR | 5.6% | 5.6% | N/A | 6.0% |
| Avg Rent | $882 | $882 | N/A | - |
| Cap Rate | 2.3% | 2.3% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 50244 (Slater, IA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $301,007 |
| Monthly Rent | $882 |
| Price-to-Rent | 28.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.5% |
| Cap Rate | 2.3% |
| 5-Year IRR | 7.9% |
📈 Home Appreciation
| 1-Year | +6.2% ▲ |
| 3-Year CAGR | +4.0% ▲ |
| 5-Year CAGR | +5.6% ▲ |
| 10-Year CAGR | +5.5% ▲ |
🏠 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 (2.3%). 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 50244
Population: 1,866
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 50244
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.
🎓 Nearby Colleges & Universities
Investor Insight: With 15,310 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What real estate strategy is ideal for Slater, IA?
Slater, IA investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($301K prices, $882/mo rents) make it a reasonable choice.
Do landlords face vacancy issues in Slater, IA?
Expect elevated vacancy in Slater, IA. Rents at $882/mo are absorbed by the tenant base without meaningful lag.
What is the tenant pool like in Slater, IA?
Expect a solid tenant pool in Slater, IA. The rental market absorbs $882/mo rents without meaningful friction.
Does house hacking make sense in Slater, IA?
House hacking in Slater, IA is reasonable to execute. Prices around $301K and rents of $882/mo solid owner-occupant economics.
Is rental property easy to operate in Slater, IA?
Landlord-friendliness in Slater, IA is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
You know 50244 now. You don’t know where it ranks.
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How 50244 ranks in Des Moines-West Des Moines, IA
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