Real Estate Investing in Logan, Iowa (51546)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 51546 (Logan, 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.
- Elevated vacancy: 9.8% 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 Logan, IA (51546)?
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Market Analysis: 51546 Logan
From an investor standpoint, ZIP 51546 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $273K median. It rewards specialists, not generalists.
Rent of $936/mo on a $273K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 51546 sits below the stated 0.0% once reality is priced in.
On the rental side, 51546 offers a low basis, the region around Logan has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Employment concentration in 51546 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
tilts toward the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Logan:
Property Strategy for 51546
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $178,599 | $1,040 | 4.2% | +7.4% | $89,300 |
| 3BR | $261,661 | $1,380 | 3.8% | +7.9% | $87,220 |
| 4BR | $327,894 | $1,560 | 3.4% | +8.8% | $81,973 |
Market Trends
Home Value History (with trend line)
📊 How Does 51546 Compare?
| Metric | 51546 | Logan | Iowa |
|---|---|---|---|
| Home Value | $273,440 | $273,440 | $227,232 |
| 5-Year CAGR | 6.5% | 6.5% | 6.0% |
| Avg Rent | $936 | $936 | - |
| Cap Rate | 2.7% | 2.7% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 51546 (Logan, IA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $273,440 |
| Monthly Rent | $936 |
| Price-to-Rent | 24.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.1% |
| Cap Rate | 2.7% |
| 5-Year IRR | 9.2% |
📈 Home Appreciation
| 1-Year | +9.0% ▲ |
| 3-Year CAGR | +6.4% ▲ |
| 5-Year CAGR | +6.5% ▲ |
| 10-Year CAGR | +5.5% ▲ |
🏠 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 (2.7%). 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 51546
Population: 3,113
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 51546
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
What price range are homes in Logan, IA?
The median home value in Logan, IA is roughly $273K. That puts it reasonable relative to the IA statewide average.
What kind of vacancy should I budget for in Logan, IA?
Occupancy in Logan, IA runs even-keeled with elevated vacancy. Well-priced units at $936/mo lease on reasonable timelines.
What is it like being a landlord in Logan, IA?
IA law landlord-friendly for landlords, and Logan inherits those rules. Investors should still review local ordinances for rental licensing.
What monthly rent should investors expect in Logan, IA?
Rental rates in Logan, IA average $936/mo. Tenant demand and $273K home values make the yield look reasonable by investor standards.
Is Logan, IA good for house hacking?
The house hack math a challenging in Logan, IA. Owner-occupant buyers benefit from the $936/mo rents and $273K home values.
You know 51546 now. You don’t know where it ranks.
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