Real Estate Investing in Dunlap, Iowa (51529)
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Should you buy in 51529 (Dunlap, 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.
No major risk flags on the data we track.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Dunlap, IA (51529)?
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Market Analysis: 51529 Dunlap
This part of Harrison County is not an easy win. The 51529 ZIP reflects softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The 51529 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
On the rental side, 51529 offers a low basis, the region around Dunlap has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
The 51529 ZIP's population of 2,026 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that stands at the need for careful underwriting.
New investors are better served looking at Dunlap's stable or hybrid ZIPs before stepping into 51529. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Dunlap:
Property Strategy for 51529
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $126,391 | $1,040 | 5.9% | +5.7% | $63,196 |
| 3BR | $199,257 | $1,370 | 5.0% | — | $66,419 |
Market Trends
Home Value History (with trend line)
📊 How Does 51529 Compare?
| Metric | 51529 | Dunlap | Iowa |
|---|---|---|---|
| Home Value | $204,735 | $204,735 | $227,232 |
| 5-Year CAGR | 8.6% | 8.6% | 6.0% |
| Avg Rent | $936 | $936 | - |
| Cap Rate | 3.6% | 3.6% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 51529 (Dunlap, IA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $204,735 |
| Monthly Rent | $936 |
| Price-to-Rent | 18.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.5% |
| Cap Rate | 3.6% |
| 5-Year IRR | 12.2% |
📈 Home Appreciation
| 1-Year | +14.1% ▲ |
| 3-Year CAGR | +6.6% ▲ |
| 5-Year CAGR | +8.6% ▲ |
| 10-Year CAGR | +7.9% ▲ |
🏠 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 (3.6%). 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 51529
Population: 2,026
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 51529
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.
Frequently Asked Questions
Is real estate in Dunlap, IA a good investment right now?
Dunlap, IA rates 3.0/5 for investability. With median values at $205K and rents near $936/mo, the market offers reasonable fundamentals for rental investors.
What are rental rates like in Dunlap, IA?
Average rent in Dunlap, IA is approximately $936/mo per month. Against $205K home values that yields a reasonable rent-to-price ratio.
What strategy should investors use in Dunlap, IA?
A careful cash-flow rentals with hands-on management strategy Dunlap, IA best. The market produces measured results for that approach at the $205K price point.
Is the tenant base reliable in Dunlap, IA?
The renter base in Dunlap, IA is reasonable for the $936/mo price point. Screening well and pricing to market typically yields reliable tenants.
Is Dunlap, IA good for landlords?
For rental operators, Dunlap, IA rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
You know 51529 now. You don’t know where it ranks.
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