Real Estate Investing in Ute, Iowa (51060)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 51060 (Ute, IA)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 18.4% 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 Ute, IA (51060)?
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Market Analysis: 51060 Ute
Investors eyeing 51060 need to respect the fundamentals at play. Home values of $114K come alongside slower price movement and elevated management overhead.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $114K asset, 51060 is the wrong submarket. If the plan prices in friction, the yield can still work.
The gap between 51060 and stronger Ute ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Employment concentration in 51060 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
New investors are better served looking at Ute's stable or hybrid ZIPs before stepping into 51060. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Ute:
Market Trends
Home Value History (with trend line)
📊 How Does 51060 Compare?
| Metric | 51060 | Ute | Iowa |
|---|---|---|---|
| Home Value | $114,163 | $114,163 | $227,232 |
| 5-Year CAGR | 2.8% | 2.8% | 6.0% |
| Avg Rent | $828 | $828 | - |
| Cap Rate | 5.7% | 5.7% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 51060 (Ute, IA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $114,163 |
| Monthly Rent | $828 |
| Price-to-Rent | 11.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.7% |
| Cap Rate | 5.7% |
| 5-Year IRR | 8.4% |
📈 Home Appreciation
| 1-Year | +6.4% ▲ |
| 3-Year CAGR | +0.9% ▲ |
| 5-Year CAGR | +2.8% ▲ |
| 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 (5.7%). 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 51060
Population: 529
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
How strong is Ute, IA for real estate investors?
Ute, IA sits at an investability rating of 3.0/5, with median home values near $114K and average rents around $828/mo. That combination puts it in the impressive tier for investor interest.
Is housing expensive in Ute, IA?
Homes in Ute, IA typically sell near $114K. Prices have moved at a 0.0% 5-year CAGR, which consistent long-term demand.
How high is vacancy risk in Ute, IA?
Ute, IA vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Which real estate strategy fits Ute, IA?
In Ute, IA the durable play is typically careful cash-flow rentals with hands-on management. The combination of $114K prices and $828/mo rents suits that approach.
How much do tenants pay in Ute, IA?
Average rent in Ute, IA is approximately $828/mo per month. Against $114K home values that yields a reasonable rent-to-price ratio.
You know 51060 now. You don’t know where it ranks.
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