Real Estate Investing in Fairbank, Iowa (50629)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 50629 (Fairbank, 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 28.5 — 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 Fairbank, IA (50629)?
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Market Analysis: 50629 Fairbank
ZIP 50629 in Fairbank, IA carries a notable set of headwinds. Home values near $283K and rents of $828/mo sit inside a market where underwriting has to be tight.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $283K asset, 50629 is the wrong submarket. If the plan prices in friction, the yield can still work.
Statewide comparisons place 50629 among IA's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Employment concentration in 50629 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategically, 50629 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 Fairbank:
Property Strategy for 50629
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $222,923 | $920 | 3.0% | +6.8% | $111,461 |
| 3BR | $256,676 | $1,230 | 3.5% | +7.1% | $85,559 |
| 4BR | $297,429 | $1,510 | 3.7% | +7.6% | $74,357 |
Market Trends
Home Value History (with trend line)
📊 How Does 50629 Compare?
| Metric | 50629 | Fairbank | Waterloo-Cedar Falls, IA | Iowa |
|---|---|---|---|---|
| Home Value | $283,204 | $283,204 | N/A | $227,232 |
| 5-Year CAGR | 7.3% | 7.3% | N/A | 6.0% |
| Avg Rent | $828 | $828 | 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 50629 (Fairbank, IA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $283,204 |
| Monthly Rent | $828 |
| Price-to-Rent | 28.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.5% |
| Cap Rate | 2.3% |
| 5-Year IRR | 9.5% |
📈 Home Appreciation
| 1-Year | +10.2% ▲ |
| 3-Year CAGR | +6.1% ▲ |
| 5-Year CAGR | +7.3% ▲ |
| 10-Year CAGR | +6.2% ▲ |
🏠 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 50629
Population: 2,335
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 50629
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
How much is rent in Fairbank, IA?
Rents in Fairbank, IA run near $828/mo. Compared with median home prices of $283K that produces solid gross yields for typical rentals.
Are tenants stable in Fairbank, IA?
Fairbank, IA draws a consistent base of working renters. Demand at the $828/mo rent level is reasonable for standard single-family and small multi rentals.
Which real estate strategy fits Fairbank, IA?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Fairbank, IA. The numbers - $283K homes against $828/mo rents - support that play.
Is Fairbank, IA landlord-friendly?
IA law landlord-friendly for landlords, and Fairbank inherits those rules. Investors should still review local ordinances for rental licensing.
Should investors consider Fairbank, IA?
With a 3.0/5 investability score, Fairbank, IA ranks as a solid market for rental property investors. Median prices of $283K and rents of $828/mo drive the underlying numbers.
You know 50629 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 50629 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 50629 ranks in Waterloo-Cedar Falls, IA
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