Real Estate Investing in Granville, Iowa (51022)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 51022 (Granville, 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 price-to-rent: Price-to-rent ratio 28.3 — hard to cash-flow at these prices.
• 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 Granville, IA (51022)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 51022 Granville
Investors eyeing 51022 need to respect the fundamentals at play. Home values of $281K come alongside slower price movement and elevated management overhead.
Rent of $828/mo on a $281K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 51022 sits below the stated 0.0% once reality is priced in.
Looking more closely, 51022 offers a low basis, the region around Granville has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Meanwhile, 966 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
The right play in 51022 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Granville:
Market Trends
Home Value History (with trend line)
📊 How Does 51022 Compare?
| Metric | 51022 | Granville | Iowa |
|---|---|---|---|
| Home Value | $280,678 | $280,678 | $227,232 |
| 5-Year CAGR | N/A | N/A | 6.0% |
| Avg Rent | $828 | $828 | - |
| Cap Rate | 2.3% | 2.3% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 51022 (Granville, IA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $280,678 |
| Monthly Rent | $828 |
| Price-to-Rent | 28.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.5% |
| Cap Rate | 2.3% |
| 5-Year IRR | 10.1% |
📈 Home Appreciation
| 1-Year | +11.3% ▲ |
| 3-Year CAGR | +7.8% ▲ |
| 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 (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 51022
Population: 966
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
What is the average home sale price in Granville, IA?
Typical homes in Granville, IA go for around $281K. The 5-year CAGR of 0.0% reliable price movement.
Is it easy to find good tenants in Granville, IA?
Tenant demand in Granville, IA is solid. The local workforce $828/mo rents across most rental classes.
How strong is Granville, IA for real estate investors?
Granville, IA rates 2.0/5 for investability. With median values at $281K and rents near $828/mo, the market offers reasonable fundamentals for rental investors.
Which real estate strategy fits Granville, IA?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Granville, IA. The numbers - $281K homes against $828/mo rents - support that play.
How landlord-friendly is Granville, IA?
The landlord environment in Granville, IA is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
You know 51022 now. You don’t know where it ranks.
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