Real Estate Investing in Greenville, Iowa (51343)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 51343 (Greenville, IA)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High vacancy: 19.8% 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 Greenville, IA (51343)?
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Market Analysis: 51343 Greenville
The 51343 ZIP covers a section of Greenville that demands careful diligence. Prices near $184K look accessible, but the work to make a deal cash flow is real.
The investment case in 51343 is significant only for operators who understand what they are buying. A $184K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Regionally, 51343 sits on the difficult end of the IA spectrum. The a solid fit for read — for disciplined operators — is that pricing reflects the difficulty.
A resilient renter share of 16% in 51343 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Distressed ZIPs reward experience. healthy returns are possible in 51343, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Greenville:
Market Trends
Home Value History (with trend line)
📊 How Does 51343 Compare?
| Metric | 51343 | Greenville | Spencer, IA | Iowa |
|---|---|---|---|---|
| Home Value | $184,303 | $184,303 | N/A | $227,232 |
| 5-Year CAGR | N/A | N/A | N/A | 6.0% |
| Avg Rent | $918 | $918 | N/A | - |
| Cap Rate | 3.9% | 3.9% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 51343 (Greenville, IA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $184,303 |
| Monthly Rent | $918 |
| Price-to-Rent | 16.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.0% |
| Cap Rate | 3.9% |
| 5-Year IRR | 10.4% |
📈 Home Appreciation
| 1-Year | +14.6% ▲ |
| 3-Year CAGR | +6.5% ▲ |
| 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 (3.9%). 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 51343
Population: 279
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
Does Greenville, IA favor landlords or tenants?
Greenville, IA operates under IA law, which is landlord-friendly overall for landlords. Expect stable treatment in typical lease and eviction cases.
Does Greenville, IA make sense for an investment property?
The 2.0/5 investability rating in Greenville, IA reflects its $184K prices and $918/mo rents. Investors generally consider it a solid option within IA.
What are home prices like in Greenville, IA?
The median home value in Greenville, IA is roughly $184K. That puts it reasonable relative to the IA statewide average.
How strong are rents in Greenville, IA?
Investors in Greenville, IA typically see rents near $918/mo per month against $184K home values - a solid setup for rental cash flow.
How deep is the rental pool in Greenville, IA?
Expect a solid tenant pool in Greenville, IA. The rental market absorbs $918/mo rents without meaningful friction.
You know 51343 now. You don’t know where it ranks.
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How 51343 ranks in Spencer, IA
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