Real Estate Investing in Castana, Iowa (51010)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 51010 (Castana, 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 vacancy: 13.4% 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 Castana, IA (51010)?
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Market Analysis: 51010 Castana
The 51010 ZIP in Castana, IA is a local-operator market. Outside capital chasing a $207K entry has to pair deep knowledge with the discount.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 51010 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Within IA, ZIP 51010 trails on several market indicators that neighboring Monona submarkets outperform. The gap is real and solid enough to shape underwriting.
The demographic picture in 51010 includes headwinds that any investor should price in. Income distribution skews lower than Castana averages, and tenant stability requires active management.
The 51010 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Castana:
Market Trends
Home Value History (with trend line)
📊 How Does 51010 Compare?
| Metric | 51010 | Castana | Iowa |
|---|---|---|---|
| Home Value | $207,121 | $207,121 | $227,232 |
| 5-Year CAGR | 6.5% | 6.5% | 6.0% |
| Avg Rent | $828 | $828 | - |
| Cap Rate | 3.1% | 3.1% | - |
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 51010 (Castana, IA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $207,121 |
| Monthly Rent | $828 |
| Price-to-Rent | 20.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.8% |
| Cap Rate | 3.1% |
| 5-Year IRR | 9.6% |
📈 Home Appreciation
| 1-Year | +13.0% ▲ |
| 3-Year CAGR | +4.9% ▲ |
| 5-Year CAGR | +6.5% ▲ |
| 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 (3.1%). 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 51010
Population: 416
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
Frequently Asked Questions
Is Castana, IA landlord-friendly?
IA ranks as a landlord-friendly state for landlord-tenant law. Castana generally follows the statewide framework, so landlords face reasonable operating rules.
Does a duplex house hack pencil in Castana, IA?
The a challenging house-hack environment in Castana, IA reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
Is housing expensive in Castana, IA?
Castana, IA home values average about $207K. That price point suits investors targeting rentals with $828/mo in monthly income.
Is Castana in IA worth investing in?
Investors tracking Castana, IA will find a 3.0/5 rating supported by $207K median home values and $828/mo rents. That profile suits long-term holders targeting predictable returns.
How qualified is the tenant pool in Castana, IA?
The tenant pool in Castana, IA is solid, supported by local employment and population fundamentals. Rents of $828/mo are well-absorbed by the market.
You know 51010 now. You don’t know where it ranks.
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