Real Estate Investing in Correctionville, Iowa (51016)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 51016 (Correctionville, 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.
- Elevated vacancy: 11.8% 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 Correctionville, IA (51016)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 51016 Correctionville
ZIP 51016 inside Woodbury County looks affordable on the surface — median value of $175K — but the discount exists for reasons that a careful buyer should understand before committing.
From a cash-flow lens, the numbers look inviting — $175K purchase price, 0.0% nominal cap — the work to hit that pro forma in 51016 is substantial and deserves full respect.
ZIP 51016's metrics run below Woodbury County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
A robust renter share of 9% in 51016 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
appears to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Correctionville:
Market Trends
Home Value History (with trend line)
📊 How Does 51016 Compare?
| Metric | 51016 | Correctionville | Sioux City, IA-NE-SD | Iowa |
|---|---|---|---|---|
| Home Value | $174,658 | $174,658 | N/A | $227,232 |
| 5-Year CAGR | 5.4% | 5.4% | N/A | 6.0% |
| Avg Rent | $873 | $873 | N/A | - |
| Cap Rate | 3.9% | 3.9% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 51016 (Correctionville, IA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $174,658 |
| Monthly Rent | $873 |
| Price-to-Rent | 16.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.0% |
| Cap Rate | 3.9% |
| 5-Year IRR | 9.3% |
📈 Home Appreciation
| 1-Year | +2.7% ▲ |
| 3-Year CAGR | +4.4% ▲ |
| 5-Year CAGR | +5.4% ▲ |
| 10-Year CAGR | +8.2% ▲ |
🏠 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 (3.9%). 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 51016
Population: 1,095
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 51016
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 strong is Correctionville, IA for real estate investors?
Correctionville, IA rates 3.0/5 for investability. With median values at $175K and rents near $873/mo, the market offers reasonable fundamentals for rental investors.
How expensive is real estate in Correctionville, IA?
Median home price in Correctionville, IA is near $175K, with a 5-year CAGR of 0.0%. Prices have been steady and supportive of buy-and-hold strategies.
What real estate strategy is ideal for Correctionville, IA?
For Correctionville, IA, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
Should investors worry about vacancy in Correctionville, IA?
Vacancy in Correctionville, IA is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $873/mo.
How deep is the rental pool in Correctionville, IA?
The tenant pool in Correctionville, IA is solid, supported by local employment and population fundamentals. Rents of $873/mo are well-absorbed by the market.
You know 51016 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 51016 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 51016 ranks in Sioux City, IA-NE-SD
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