Real Estate Investing in Terril, Iowa (51364)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 51364 (Terril, IA)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 12.1% 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 Terril, IA (51364)?
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Market Analysis: 51364 Terril
ZIP 51364 in Terril, IA carries a durable set of headwinds. Home values near $185K and rents of $927/mo sit inside a market where underwriting has to be tight.
The investment case in 51364 is resilient only for operators who understand what they are buying. A $185K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Turning to rents, 51364 offers a low basis, the region around Terril has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Demographically, 51364 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, 51364 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 Terril:
Market Trends
Home Value History (with trend line)
📊 How Does 51364 Compare?
| Metric | 51364 | Terril | Spirit Lake, IA | Iowa |
|---|---|---|---|---|
| Home Value | $185,110 | $185,110 | N/A | $227,232 |
| 5-Year CAGR | 3.6% | 3.6% | N/A | 6.0% |
| Avg Rent | $927 | $927 | 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 51364 (Terril, IA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $185,110 |
| Monthly Rent | $927 |
| Price-to-Rent | 16.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.0% |
| Cap Rate | 3.9% |
| 5-Year IRR | 7.5% |
📈 Home Appreciation
| 1-Year | -0.8% ▼ |
| 3-Year CAGR | +0.6% ▲ |
| 5-Year CAGR | +3.6% ▲ |
| 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 51364
Population: 855
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 51364
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
Frequently Asked Questions
Do landlords face vacancy issues in Terril, IA?
Expect elevated vacancy in Terril, IA. Rents at $927/mo are absorbed by the tenant base without meaningful lag.
How does Terril, IA stack up for property investment?
Yes - Terril, IA a 3.0/5 investability score. With $185K home prices against $927/mo monthly rent, the market delivers a reasonable entry point for new investors.
What price range are homes in Terril, IA?
Median home price in Terril, IA is near $185K, with a 5-year CAGR of 0.0%. Prices have been even-keeled and supportive of buy-and-hold strategies.
How strict are landlord regulations in Terril, IA?
Rental owners in Terril, IA deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
What investment strategy works best in Terril, IA?
Most investors in Terril, IA run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
You know 51364 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 51364 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.
How 51364 ranks in Spirit Lake, IA
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