Real Estate Investing in Manilla, Iowa (51454)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 51454 (Manilla, 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.
- Elevated vacancy: 11.3% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Manilla, IA (51454)?
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Market Analysis: 51454 Manilla
Investors eyeing 51454 need to respect the fundamentals at play. Home values of $170K come alongside slower price movement and elevated management overhead.
For an experienced owner, 51454 can be a a strong candidate for hunting ground — but the discount at $170K reflects genuine risk that outside investors often underestimate.
Within IA, ZIP 51454 trails on several market indicators that neighboring Crawford County submarkets outperform. The gap is real and durable enough to shape underwriting.
Employment concentration in 51454 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The right play in 51454 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Manilla:
Property Strategy for 51454
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $93,948 | $920 | 7.1% | +8.3% | $46,974 |
| 3BR | $159,779 | $1,220 | 5.5% | +9.5% | $53,260 |
| 4BR | $187,677 | $1,430 | 5.5% | +8.8% | $46,919 |
Market Trends
Home Value History (with trend line)
📊 How Does 51454 Compare?
| Metric | 51454 | Manilla | Iowa |
|---|---|---|---|
| Home Value | $169,732 | $169,732 | $227,232 |
| 5-Year CAGR | 9.8% | 9.8% | 6.0% |
| Avg Rent | $828 | $828 | - |
| Cap Rate | 3.8% | 3.8% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 51454 (Manilla, IA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $169,732 |
| Monthly Rent | $828 |
| Price-to-Rent | 17.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.9% |
| Cap Rate | 3.8% |
| 5-Year IRR | 13.6% |
📈 Home Appreciation
| 1-Year | +14.5% ▲ |
| 3-Year CAGR | +8.7% ▲ |
| 5-Year CAGR | +9.8% ▲ |
| 10-Year CAGR | +7.6% ▲ |
🏠 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 (3.8%). 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 51454
Population: 1,399
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
Where do rents currently stand in Manilla, IA?
The typical rental in Manilla, IA commands about $828/mo monthly. That rent profile steady cash flow against the $170K purchase basis.
Which real estate strategy fits Manilla, IA?
The best-fit strategy in Manilla, IA is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Does Manilla, IA make sense for an investment property?
With a 3.0/5 investability score, Manilla, IA ranks as a solid market for rental property investors. Median prices of $170K and rents of $828/mo drive the underlying numbers.
Are homes affordable in Manilla, IA?
Manilla, IA home values average about $170K. That price point suits investors targeting rentals with $828/mo in monthly income.
Can I live-in-and-rent in Manilla, IA?
House hacking in Manilla, IA is a challenging. With home values around $170K and rents at $828/mo, owner-occupants can offset a meaningful share of PITI.
You know 51454 now. You don’t know where it ranks.
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