Real Estate Investing in Forest City, Iowa (50436)

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

Winnebago County • Population: 5,760 • Data updated: September 2026

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Should you buy in 50436 (Forest City, IA)? Our answer, based on the numbers below.

🏠 For Homebuyers
MIXED
Grade C (67/100)

Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
1 flag
  • Elevated vacancy: 11.6% 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 Forest City, IA (50436)?

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3.0/ 5

Investability

Overall investment appeal

2.0/ 5

Appreciation

Long-term value growth

3.0/ 5

Cashflow ROI

Rental yield potential

Avg Home Value $186,196
Avg Monthly Rent $873
1% Rule ✗ Does Not Meet
Median Income $67,773
% Renters 24.0%

Market Analysis: 50436 Forest City

Not every below-median market is a bargain. Forest City's 50436 ZIP records signals that favor experienced operators who can absorb the risk $186K pricing implies.

Distressed markets are won on execution, not on spreadsheets. ZIP 50436 reports the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.

The gap between 50436 and stronger Forest City ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.

Employment concentration in 50436 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.

Strategy in 50436 is an operator game, not a passive one. On the rental side, entry prices of $186K are inviting, the management lift is real and non-optional.

Explore the Data — Click a Tab Below
🏦 Current 30-yr Fixed Mortgage Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS

Here's what matters if you're considering buying a home in Forest City:

B Good
Buy Confidence Score: 70/100
Affordability
20/25
Appreciation
18/25
Stability
9/20
Timing
8/15
Rental backup
15/15
Affordability
Affordable
Homes cost 2.7× the median income
Value Trend
Rising (+5.4%)
How home values changed in the past year
Rental Backup
Strong
Could rent for $873/mo if you need to move
Market Conditions
BALANCED
Even conditions for buyers and sellers
Bottom Line: Mixed signals in this market. Research specific properties carefully and be prepared to negotiate.

Market Trends

Home Value History (with trend line)

$196K$175K$154K$133K$112K$91KJun 2009Jan 2018Jul 2026

📊 How Does 50436 Compare?

Metric 50436 Forest City Iowa
Home Value $186,196 $186,196 $227,232
5-Year CAGR 3.8% 3.8% 6.0%
Avg Rent $873 $873 -
Cap Rate 3.7% 3.7% -
💡 Why Invest in 50436? Click to expand

With a 3/5 investability rating, this ZIP shows solid fundamentals for buy-and-hold investors.

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Landlord Ground Truth

Real numbers from people who own or manage rentals in ZIP 50436 (Forest City, IA). Anonymous, moderated, never written by AI.

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Investability
Good
Cap Rate
3.7%
Low
5yr Growth
+3.8%
Moderate

📊 Market Snapshot

Home Value $186,196
Monthly Rent $873
Price-to-Rent 17.8:1
1% Rule ✗ Fails

💰 Return Metrics

Gross Yield 5.6%
Cap Rate 3.7%
5-Year IRR 7.4%

📈 Home Appreciation

1-Year +5.4% ▲
3-Year CAGR +2.3% ▲
5-Year CAGR +3.8% ▲
10-Year CAGR +4.3% ▲

🏠 Rent Trends

1-Year N/A
3-Year CAGR N/A
5-Year CAGR N/A
Negative Leverage — IRR / Tax Play Cap Rate: 3.7%  |  30yr Rate: 6.8%
Leverage reduces cash returns at current rates.

The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.7%). 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.

Vacancy
11.6%
Moderate risk
Landlord Climate
5.0/5
Friendly
Value Trend (5yr)
+3.8%
Stable
Eviction process: Fast Rent control: Favorable

Demographics in 50436

Population: 5,760

💰 Median Household Income
$67,773
This area
$67,773
State
$71,886
USA
$74,580
🏠 Renter Occupied
24.0%
This area
24.0%
State
19.7%
USA
34.0%
💼 Unemployment Rate
1.2%
This area
1.2%
State
0.0%
USA
3.7%
🎓 College Educated
25.7%
This area
25.7%
State
18.8%
USA
33.7%
👤 Median Age
35.3 years
This area
35.3 years
State
40.2 years
USA
38.9 years
🏚️ Vacancy Rate
11.6%
This area
11.6%
State
11.7%
USA
10.5%
👥 Population by Ethnicity
White 89.9%
Asian 5.8%
Other/Mixed 3.0%
Hispanic/Latino 2.1%
Black/African American 1.4%
👶 Under 18
24.3%
This area
24.3%
USA
22.0%
👴 65 and Over
15.6%
This area
15.6%
USA
17.3%
📊 Poverty Rate
3.7%
This area
3.7%
USA
11.5%

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 50436

B+ Avg School Grade
3 Schools
12.8:1 Avg Class Size
$13,755 Avg Per Pupil

Schools in This ZIP Code

B+ Above Average

Forest City Elementary School

📚 Pre-K – 04 Elementary
👥
462 Students
👨‍🏫
13.0:1 Class Size
💰
$13,755 Per Student
B+ Above Average

Forest City High School

📚 09 – 12 High School
👥
333 Students
👨‍🏫
12.5:1 Class Size
💰
$13,755 Per Student
B+ Above Average

Forest City Middle School

📚 05 – 08 School
👥
319 Students
👨‍🏫
12.9:1 Class Size
💰
$13,755 Per Student
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

1 Nearby
D
Waldorf University
2,657 students · 1.0 mi

Frequently Asked Questions

What is the average monthly rent in Forest City, IA?

Rent in Forest City, IA is around $873/mo. The resulting rent-to-value relationship with $186K pricing is reasonable for most investor models.

What is the tenant pool like in Forest City, IA?

Expect a solid tenant pool in Forest City, IA. The rental market absorbs $873/mo rents without meaningful friction.

What is the average home sale price in Forest City, IA?

Typical homes in Forest City, IA go for around $186K. The 5-year CAGR of 0.0% predictable price movement.

Is rental property easy to operate in Forest City, IA?

The landlord environment in Forest City, IA is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.

Is house hacking profitable in Forest City, IA?

House hacking works a challenging in Forest City, IA. Rents of $873/mo against $186K acquisition make the strategy solid for owner-occupants.

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