Real Estate Investing in Dedham, Iowa (51440)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 51440 (Dedham, IA)? Our answer, based on the numbers below.
Mixed — values have been flat. OK for long-horizon buyers, less attractive if you may need to sell soon.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
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 Dedham, IA (51440)?
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Market Analysis: 51440 Dedham
This part of Carroll County is not an easy win. The 51440 ZIP stands at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Rent of $837/mo on a $210K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 51440 sits below the stated 0.0% once reality is priced in.
Within IA, ZIP 51440 trails on several market indicators that neighboring Carroll County submarkets outperform. The gap is real and substantial enough to shape underwriting.
Demographically, 51440 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.
New investors are better served looking at Dedham's stable or hybrid ZIPs before stepping into 51440. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Dedham:
Market Trends
Home Value History (with trend line)
📊 How Does 51440 Compare?
| Metric | 51440 | Dedham | Carroll, IA | Iowa |
|---|---|---|---|---|
| Home Value | $209,555 | $209,555 | N/A | $227,232 |
| 5-Year CAGR | N/A | N/A | N/A | 6.0% |
| Avg Rent | $837 | $837 | N/A | - |
| Cap Rate | 3.1% | 3.1% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 51440 (Dedham, IA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $209,555 |
| Monthly Rent | $837 |
| Price-to-Rent | 20.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.8% |
| Cap Rate | 3.1% |
| 5-Year IRR | 8.9% |
📈 Home Appreciation
| 1-Year | +10.3% ▲ |
| 3-Year CAGR | +5.7% ▲ |
| 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 (3.1%). 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 51440
Population: 335
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 house hacking work in Dedham, IA?
House hacking in Dedham, IA is reasonable to execute. Prices around $210K and rents of $837/mo solid owner-occupant economics.
Is IA a landlord-friendly state?
Landlord-friendliness in Dedham, IA is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
Should investors worry about vacancy in Dedham, IA?
Vacancy in Dedham, IA is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $837/mo.
How much is rent in Dedham, IA?
Dedham, IA rentals go for roughly $837/mo a month. That puts gross yield in solid territory relative to $210K acquisition costs.
How strong is the working-renter base in Dedham, IA?
The renter base in Dedham, IA is reasonable for the $837/mo price point. Screening well and pricing to market typically yields reliable tenants.
You know 51440 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 51440 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 51440 ranks in Carroll, IA
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