Real Estate Investing in Everly, Iowa (51338)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 51338 (Everly, 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.
- High vacancy: 15.1% 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 Everly, IA (51338)?
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Market Analysis: 51338 Everly
The 51338 ZIP in Everly, IA is a local-operator market. Outside capital chasing a $165K entry has to pair deep knowledge with the discount.
For an experienced owner, 51338 can be a a credible choice for hunting ground — but the discount at $165K reflects genuine risk that outside investors often underestimate.
Regionally, 51338 sits on the difficult end of the IA spectrum. The a solid fit for read — for disciplined operators — is that pricing reflects the difficulty.
Demographically, 51338 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.
The 51338 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Everly:
Market Trends
Home Value History (with trend line)
📊 How Does 51338 Compare?
| Metric | 51338 | Everly | Spencer, IA | Iowa |
|---|---|---|---|---|
| Home Value | $164,733 | $164,733 | N/A | $227,232 |
| 5-Year CAGR | 5.9% | 5.9% | N/A | 6.0% |
| Avg Rent | $864 | $864 | N/A | - |
| Cap Rate | 4.1% | 4.1% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 51338 (Everly, IA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $164,733 |
| Monthly Rent | $864 |
| Price-to-Rent | 15.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.3% |
| Cap Rate | 4.1% |
| 5-Year IRR | 10.0% |
📈 Home Appreciation
| 1-Year | +6.8% ▲ |
| 3-Year CAGR | +4.5% ▲ |
| 5-Year CAGR | +5.9% ▲ |
| 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 (4.1%). 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 51338
Population: 912
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
What is the investability score for Everly, IA?
Yes - Everly, IA a 3.0/5 investability score. With $165K home prices against $864/mo monthly rent, the market delivers a reasonable entry point for new investors.
Which real estate strategy fits Everly, IA?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Everly, IA. The numbers - $165K homes against $864/mo rents - support that play.
How qualified is the tenant pool in Everly, IA?
Expect a solid tenant pool in Everly, IA. The rental market absorbs $864/mo rents without meaningful friction.
Is Everly, IA suited for a house hack?
For house hackers, Everly, IA is a challenging. The $864/mo rent on a unit helps defray the mortgage on a $165K property.
What kind of vacancy should I budget for in Everly, IA?
Everly, IA vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
You know 51338 now. You don’t know where it ranks.
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How 51338 ranks in Spencer, IA
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