Real Estate Investing in Sioux City, Iowa (51106)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 51106 (Sioux City, IA)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Sioux City, IA (51106)?
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Market Analysis: 51106 Sioux City
Investors eyeing 51106 need to respect the fundamentals at play. Home values of $226K come alongside slower price movement and elevated management overhead.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $226K asset, 51106 is the wrong submarket. If the plan prices in friction, the yield can still work.
Nearby ZIPs in Sioux City have seen price recovery that 51106 has not matched. Woodbury County data supports the view that the spread is structural rather than temporary.
A robust renter share of 27% in 51106 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
New investors are better served looking at Sioux City's stable or hybrid ZIPs before stepping into 51106. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Sioux City:
Property Strategy for 51106
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $118,600 | $980 | 5.9% | — | $118,600 |
| 2BR | $171,673 | $1,220 | 5.1% | +6.1% | $85,837 |
| 3BR | $226,173 | $1,460 | 4.6% | +6.0% | $75,391 |
| 4BR | $264,053 | $1,620 | 4.4% | +6.2% | $66,013 |
| 5BR | $450,652 | — | — | +6.3% | $90,130 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 51106 Compare?
| Metric | 51106 | Sioux City | Sioux City, IA-NE-SD | Iowa |
|---|---|---|---|---|
| Home Value | $226,095 | $173,056 | N/A | $227,232 |
| 5-Year CAGR | 5.6% | 5.1% | N/A | 6.0% |
| Avg Rent | $1,413 | $1,064 | N/A | - |
| Cap Rate | 4.9% | 4.2% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 51106 (Sioux City, IA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $226,095 |
| Monthly Rent | $1,413 |
| Price-to-Rent | 13.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.5% |
| Cap Rate | 4.9% |
| 5-Year IRR | 10.5% |
📈 Home Appreciation
| 1-Year | +5.7% ▲ |
| 3-Year CAGR | +3.9% ▲ |
| 5-Year CAGR | +5.6% ▲ |
| 10-Year CAGR | +6.3% ▲ |
🏠 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 (4.9%). 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 51106
Population: 28,381
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 51106
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.
🎓 Nearby Colleges & Universities
Investor Insight: With 1,587 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the average home sale price in Sioux City, IA?
Median home price in Sioux City, IA is near $226K, with a 5-year CAGR of 0.0%. Prices have been consistent and supportive of buy-and-hold strategies.
What is the typical rental rate in Sioux City, IA?
Sioux City, IA rentals go for roughly $1,413/mo a month. That puts gross yield in solid territory relative to $226K acquisition costs.
Are landlord laws favorable in Sioux City, IA?
IA ranks as a landlord-friendly state for landlord-tenant law. Sioux City generally follows the statewide framework, so landlords face reasonable operating rules.
Which investment style suits Sioux City, IA?
For Sioux City, IA, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
Is it easy to find good tenants in Sioux City, IA?
Working renters make up the core of the Sioux City, IA tenant base. The pool is reasonable for investors targeting long-term holds.
You know 51106 now. You don’t know where it ranks.
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How 51106 ranks in Sioux City, IA-NE-SD
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