Real Estate Investing in Wallingford, Iowa (51365)
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Should you buy in 51365 (Wallingford, 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.
No major risk flags on the data we track.
• 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 Wallingford, IA (51365)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 51365 Wallingford
ZIP 51365 inside Emmet County looks affordable on the surface — median value of $193K — but the discount exists for reasons that a careful buyer should understand before committing.
The investment case in 51365 is robust only for operators who understand what they are buying. A $193K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Within IA, ZIP 51365 trails on several market indicators that neighboring Emmet County submarkets outperform. The gap is real and notable enough to shape underwriting.
Who lives in 51365 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Experienced landlords with local relationships tend to find 51365 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Wallingford:
Market Trends
Home Value History (with trend line)
📊 How Does 51365 Compare?
| Metric | 51365 | Wallingford | Iowa |
|---|---|---|---|
| Home Value | $192,562 | $192,562 | $227,232 |
| 5-Year CAGR | 3.1% | 3.1% | 6.0% |
| Avg Rent | $828 | $828 | - |
| Cap Rate | 3.4% | 3.4% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 51365 (Wallingford, IA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $192,562 |
| Monthly Rent | $828 |
| Price-to-Rent | 19.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.4% |
| 5-Year IRR | 6.5% |
📈 Home Appreciation
| 1-Year | +11.5% ▲ |
| 3-Year CAGR | +4.2% ▲ |
| 5-Year CAGR | +3.1% ▲ |
| 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 (3.4%). 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 51365
Population: 475
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
How much does a house cost in Wallingford, IA?
In Wallingford, IA the median home value sits at $193K. Against the broader IA market, that reads as reasonable for most investors.
Should investors worry about vacancy in Wallingford, IA?
Vacancy in Wallingford, IA is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $828/mo.
How landlord-friendly is Wallingford, IA?
Landlord-friendliness in Wallingford, IA is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
Is Wallingford, IA a good market for FHA house hackers?
Wallingford, IA is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $193K price point reasonable to enter.
How deep is the rental pool in Wallingford, IA?
The tenant pool in Wallingford, IA is solid, supported by local employment and population fundamentals. Rents of $828/mo are well-absorbed by the market.
You know 51365 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 51365 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.
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