Real Estate Investing in Steamboat Rock, Iowa (50672)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 50672 (Steamboat Rock, IA)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High vacancy: 26.5% of homes vacant — above national norms.
• 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 Steamboat Rock, IA (50672)?
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Market Analysis: 50672 Steamboat Rock
ZIP 50672 in Steamboat Rock, IA carries a solid set of headwinds. Home values near $195K and rents of $828/mo sit inside a market where underwriting has to be tight.
Rent of $828/mo on a $195K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 50672 sits below the stated 0.0% once reality is priced in.
Regionally, 50672 sits on the difficult end of the IA spectrum. The a strong candidate for read — for disciplined operators — is that pricing reflects the difficulty.
Demographically, 50672 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Strategically, 50672 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 Steamboat Rock:
Market Trends
Home Value History (with trend line)
📊 How Does 50672 Compare?
| Metric | 50672 | Steamboat Rock | Iowa |
|---|---|---|---|
| Home Value | $194,765 | $194,765 | $227,232 |
| 5-Year CAGR | N/A | N/A | 6.0% |
| Avg Rent | $828 | $828 | - |
| Cap Rate | 3.3% | 3.3% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 50672 (Steamboat Rock, IA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $194,765 |
| Monthly Rent | $828 |
| Price-to-Rent | 19.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.1% |
| Cap Rate | 3.3% |
| 5-Year IRR | 11.4% |
📈 Home Appreciation
| 1-Year | +10.6% ▲ |
| 3-Year CAGR | +8.1% ▲ |
| 5-Year CAGR | N/A |
| 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 (3.3%). 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 50672
Population: 438
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 rentals sit vacant long in Steamboat Rock, IA?
Rental vacancy in Steamboat Rock, IA is elevated. Investors should budget normal turnover but not chronic empty units.
Is rental property easy to operate in Steamboat Rock, IA?
The landlord environment in Steamboat Rock, IA is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
Is house hacking profitable in Steamboat Rock, IA?
House hacking works a challenging in Steamboat Rock, IA. Rents of $828/mo against $195K acquisition make the strategy solid for owner-occupants.
What do landlords charge for rent in Steamboat Rock, IA?
Expect rents around $828/mo per month in Steamboat Rock, IA. With home values at $195K, the yield math works out to reasonable levels for rental investors.
What is the tenant pool like in Steamboat Rock, IA?
The tenant pool in Steamboat Rock, IA is solid, supported by local employment and population fundamentals. Rents of $828/mo are well-absorbed by the market.
You know 50672 now. You don’t know where it ranks.
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