Real Estate Investing in State Center, Iowa (50247)
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Should you buy in 50247 (State Center, IA)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
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 29.6 — 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 State Center, IA (50247)?
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Market Analysis: 50247 State Center
The 50247 ZIP covers a section of State Center that demands careful diligence. Prices near $307K look accessible, but the work to make a deal cash flow is real.
On balance, the numbers look inviting — $307K purchase price, 0.0% nominal cap — the work to hit that pro forma in 50247 is substantial and deserves full respect.
The gap between 50247 and stronger State Center ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Resident income in 50247 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategically, 50247 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in State Center:
Property Strategy for 50247
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $165,723 | $960 | 4.2% | — | $82,861 |
| 3BR | $221,861 | $1,330 | 4.3% | +6.7% | $73,954 |
| 4BR | $302,829 | $1,600 | 3.8% | — | $75,707 |
Market Trends
Home Value History (with trend line)
📊 How Does 50247 Compare?
| Metric | 50247 | State Center | Marshalltown, IA | Iowa |
|---|---|---|---|---|
| Home Value | $306,726 | $306,726 | N/A | $227,232 |
| 5-Year CAGR | 6.0% | 6.0% | N/A | 6.0% |
| Avg Rent | $864 | $864 | N/A | - |
| Cap Rate | 2.2% | 2.2% | - | - |
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 50247 (State Center, IA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $306,726 |
| Monthly Rent | $864 |
| Price-to-Rent | 29.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.4% |
| Cap Rate | 2.2% |
| 5-Year IRR | 8.2% |
📈 Home Appreciation
| 1-Year | +9.1% ▲ |
| 3-Year CAGR | +5.8% ▲ |
| 5-Year CAGR | +6.0% ▲ |
| 10-Year CAGR | +6.6% ▲ |
🏠 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 (2.2%). 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 50247
Population: 2,198
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 50247
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
Frequently Asked Questions
Is State Center in IA worth investing in?
Our data puts State Center, IA at 3.0/5 for investability. Home prices of $307K and rents around $864/mo create a solid backdrop for investor activity.
Which investment style suits State Center, IA?
Investors usually favor careful cash-flow rentals with hands-on management in State Center, IA. With home values at $307K and rents near $864/mo, other strategies can work but produce measured rather than outsized returns.
What is the average home sale price in State Center, IA?
Expect median prices around $307K in State Center, IA. The market has run at a 0.0% 5-year CAGR, so entry costs have been measured.
Does a duplex house hack pencil in State Center, IA?
The a challenging house-hack environment in State Center, IA reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
Is vacancy a concern in State Center, IA?
Rental vacancy in State Center, IA is elevated. Investors should budget normal turnover but not chronic empty units.
You know 50247 now. You don’t know where it ranks.
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How 50247 ranks in Marshalltown, IA
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