Real Estate Investing in Quimby, Iowa (51049)
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Should you buy in 51049 (Quimby, 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.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
No major risk flags on the data we track.
• 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 Quimby, IA (51049)?
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Market Analysis: 51049 Quimby
The 51049 ZIP covers a section of Quimby that demands careful diligence. Prices near $120K look accessible, but the work to make a deal cash flow is real.
Looking more closely, the numbers look inviting — $120K purchase price, 0.0% nominal cap — the work to hit that pro forma in 51049 is substantial and deserves full respect.
Within IA, ZIP 51049 trails on several market indicators that neighboring Cherokee County submarkets outperform. The gap is real and healthy enough to shape underwriting.
Demographically, 51049 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, 51049 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 Quimby:
Market Trends
Home Value History (with trend line)
📊 How Does 51049 Compare?
| Metric | 51049 | Quimby | Iowa |
|---|---|---|---|
| Home Value | $119,764 | $119,764 | $227,232 |
| 5-Year CAGR | N/A | N/A | 6.0% |
| Avg Rent | $828 | $828 | - |
| Cap Rate | 5.4% | 5.4% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 51049 (Quimby, IA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $119,764 |
| Monthly Rent | $828 |
| Price-to-Rent | 12.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.3% |
| Cap Rate | 5.4% |
| 5-Year IRR | 5.7% |
📈 Home Appreciation
| 1-Year | +9.6% ▲ |
| 3-Year CAGR | +0.3% ▲ |
| 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 (5.4%). 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 51049
Population: 469
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
Where do rents currently stand in Quimby, IA?
Rents in Quimby, IA run near $828/mo. Compared with median home prices of $120K that produces solid gross yields for typical rentals.
How should investors approach Quimby, IA?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Quimby, IA. The numbers - $120K homes against $828/mo rents - support that play.
Is Quimby, IA a good market for buy-and-hold investors?
With a 2.0/5 investability score, Quimby, IA ranks as a solid market for rental property investors. Median prices of $120K and rents of $828/mo drive the underlying numbers.
What are home prices like in Quimby, IA?
Typical homes in Quimby, IA go for around $120K. The 5-year CAGR of 0.0% measured price movement.
Can I live-in-and-rent in Quimby, IA?
House hacking works a challenging in Quimby, IA. Rents of $828/mo against $120K acquisition make the strategy solid for owner-occupants.
You know 51049 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 51049 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.
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