Real Estate Investing in Mondamin, Iowa (51557)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 51557 (Mondamin, 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.
- High vacancy: 17.2% of homes vacant — above national norms.
• 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 Mondamin, IA (51557)?
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Market Analysis: 51557 Mondamin
Investors eyeing 51557 need to respect the fundamentals at play. Home values of $239K come alongside slower price movement and elevated management overhead.
Distressed markets are won on execution, not on spreadsheets. ZIP 51557 stands at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
ZIP 51557's metrics run below Harrison County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The demographic picture in 51557 includes headwinds that any investor should price in. Income distribution skews lower than Mondamin averages, and tenant stability requires active management.
The right play in 51557 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 Mondamin:
Market Trends
Home Value History (with trend line)
📊 How Does 51557 Compare?
| Metric | 51557 | Mondamin | Iowa |
|---|---|---|---|
| Home Value | $238,787 | $238,787 | $227,232 |
| 5-Year CAGR | 6.6% | 6.6% | 6.0% |
| Avg Rent | $972 | $972 | - |
| Cap Rate | 3.2% | 3.2% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 51557 (Mondamin, IA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $238,787 |
| Monthly Rent | $972 |
| Price-to-Rent | 20.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.9% |
| Cap Rate | 3.2% |
| 5-Year IRR | 9.7% |
📈 Home Appreciation
| 1-Year | +4.6% ▲ |
| 3-Year CAGR | +5.7% ▲ |
| 5-Year CAGR | +6.6% ▲ |
| 10-Year CAGR | +5.1% ▲ |
🏠 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 (3.2%). 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 51557
Population: 788
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 51557
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 is the typical home price in Mondamin, IA?
Homes in Mondamin, IA typically sell near $239K. Prices have moved at a 0.0% 5-year CAGR, which predictable long-term demand.
Do landlords face vacancy issues in Mondamin, IA?
Expect elevated vacancy in Mondamin, IA. Rents at $972/mo are absorbed by the tenant base without meaningful lag.
Is the tenant base reliable in Mondamin, IA?
The renter base in Mondamin, IA is reasonable for the $972/mo price point. Screening well and pricing to market typically yields steady tenants.
Can owner-occupants cash flow in Mondamin, IA?
Mondamin, IA offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $972/mo rent level.
Is Mondamin, IA good for landlords?
For rental operators, Mondamin, IA rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
You know 51557 now. You don’t know where it ranks.
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