Real Estate Investing in Hornick, Iowa (51026)
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Should you buy in 51026 (Hornick, IA)? Our answer, based on the numbers below.
Mixed — values have been flat. OK for long-horizon buyers, less attractive if you may need to sell soon.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- Elevated poverty: 21.3% poverty rate — can affect rent collection.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Hornick, IA (51026)?
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Market Analysis: 51026 Hornick
ZIP 51026 in Hornick, IA carries a notable set of headwinds. Home values near $250K and rents of $918/mo sit inside a market where underwriting has to be tight.
On the rental side, the numbers look inviting — $250K purchase price, 0.0% nominal cap — the work to hit that pro forma in 51026 is substantial and deserves full respect.
Nearby ZIPs in Hornick have seen price recovery that 51026 has not matched. Woodbury County data supports the view that the spread is structural rather than temporary.
Who lives in 51026 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Strategically, 51026 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 Hornick:
Market Trends
Home Value History (with trend line)
📊 How Does 51026 Compare?
| Metric | 51026 | Hornick | Sioux City, IA-NE-SD | Iowa |
|---|---|---|---|---|
| Home Value | $250,378 | $250,378 | N/A | $227,232 |
| 5-Year CAGR | N/A | N/A | N/A | 6.0% |
| Avg Rent | $918 | $918 | N/A | - |
| Cap Rate | 2.9% | 2.9% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 51026 (Hornick, IA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $250,378 |
| Monthly Rent | $918 |
| Price-to-Rent | 22.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.9% |
| 5-Year IRR | 10.0% |
📈 Home Appreciation
| 1-Year | +13.7% ▲ |
| 3-Year CAGR | +7.1% ▲ |
| 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 (2.9%). 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 51026
Population: 1,050
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
Do rentals sit vacant long in Hornick, IA?
Expect elevated vacancy in Hornick, IA. Rents at $918/mo are absorbed by the tenant base without meaningful lag.
What is the typical home price in Hornick, IA?
Homes in Hornick, IA typically sell near $250K. Prices have moved at a 0.0% 5-year CAGR, which stable long-term demand.
Is Hornick, IA a good market for buy-and-hold investors?
Investors tracking Hornick, IA will find a 2.0/5 rating supported by $250K median home values and $918/mo rents. That profile suits long-term holders targeting reliable returns.
Are renters plentiful in Hornick, IA?
Hornick, IA draws a measured base of working renters. Demand at the $918/mo rent level is reasonable for standard single-family and small multi rentals.
How should investors approach Hornick, IA?
Most investors in Hornick, IA run a careful cash-flow rentals with hands-on management strategy. It aligns with the 2.0/5 investability profile and the market fundamentals.
You know 51026 now. You don’t know where it ranks.
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How 51026 ranks in Sioux City, IA-NE-SD
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