Real Estate Investing in Plainfield, Iowa (50666)
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Should you buy in 50666 (Plainfield, 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.
No major risk flags on the data we track.
• 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 Plainfield, IA (50666)?
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Market Analysis: 50666 Plainfield
ZIP 50666 in Plainfield, IA carries a durable set of headwinds. Home values near $228K and rents of $828/mo sit inside a market where underwriting has to be tight.
The investment case in 50666 is healthy only for operators who understand what they are buying. A $228K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Statewide comparisons place 50666 among IA's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The 50666 ZIP's population of 768 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that posts the need for careful underwriting.
Strategically, 50666 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 Plainfield:
Property Strategy for 50666
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $159,312 | $920 | 4.2% | +7.3% | $79,656 |
| 3BR | $226,145 | $1,200 | 3.8% | +7.1% | $75,382 |
| 4BR | $274,502 | $1,230 | 3.2% | +8.5% | $68,625 |
Market Trends
Home Value History (with trend line)
📊 How Does 50666 Compare?
| Metric | 50666 | Plainfield | Waterloo-Cedar Falls, IA | Iowa |
|---|---|---|---|---|
| Home Value | $227,564 | $227,564 | N/A | $227,232 |
| 5-Year CAGR | 6.6% | 6.6% | N/A | 6.0% |
| Avg Rent | $828 | $828 | N/A | - |
| Cap Rate | 2.8% | 2.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 50666 (Plainfield, IA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $227,564 |
| Monthly Rent | $828 |
| Price-to-Rent | 22.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.8% |
| 5-Year IRR | 9.4% |
📈 Home Appreciation
| 1-Year | +8.6% ▲ |
| 3-Year CAGR | +4.8% ▲ |
| 5-Year CAGR | +6.6% ▲ |
| 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 (2.8%). 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 50666
Population: 768
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Do landlords face vacancy issues in Plainfield, IA?
Rental vacancy in Plainfield, IA is elevated. Investors should budget normal turnover but not chronic empty units.
How deep is the rental pool in Plainfield, IA?
Expect a solid tenant pool in Plainfield, IA. The rental market absorbs $828/mo rents without meaningful friction.
What investment strategy works best in Plainfield, IA?
In Plainfield, IA the resilient play is typically careful cash-flow rentals with hands-on management. The combination of $228K prices and $828/mo rents suits that approach.
How do landlord-tenant laws work in Plainfield, IA?
IA ranks as a landlord-friendly state for landlord-tenant law. Plainfield generally follows the statewide framework, so landlords face reasonable operating rules.
How do home values compare in Plainfield, IA?
Homes in Plainfield, IA typically sell near $228K. Prices have moved at a 0.0% 5-year CAGR, which measured long-term demand.
You know 50666 now. You don’t know where it ranks.
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How 50666 ranks in Waterloo-Cedar Falls, IA
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