Real Estate Investing in Farragut, Iowa (51639)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 51639 (Farragut, 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: 9.4% vacancy may signal weakening demand.
• 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 Farragut, IA (51639)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 51639 Farragut
This part of Fremont County is not an easy win. The 51639 ZIP comes in at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $193K asset, 51639 is the wrong submarket. If the plan prices in friction, the yield can still work.
In the broader IA picture, 51639 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
A significant renter share of 25% in 51639 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
New investors are better served looking at Farragut's stable or hybrid ZIPs before stepping into 51639. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Farragut:
Property Strategy for 51639
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $135,972 | $920 | 4.9% | +8.9% | $67,986 |
| 3BR | $197,357 | $1,280 | 4.7% | +7.7% | $65,786 |
Market Trends
Home Value History (with trend line)
📊 How Does 51639 Compare?
| Metric | 51639 | Farragut | Iowa |
|---|---|---|---|
| Home Value | $193,273 | $193,273 | $227,232 |
| 5-Year CAGR | 8.7% | 8.7% | 6.0% |
| Avg Rent | $828 | $828 | - |
| Cap Rate | 3.3% | 3.3% | - |
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 51639 (Farragut, IA). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 51639 (Farragut, IA)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $193,273 |
| Monthly Rent | $828 |
| Price-to-Rent | 19.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.1% |
| Cap Rate | 3.3% |
| 5-Year IRR | 12.1% |
📈 Home Appreciation
| 1-Year | +14.2% ▲ |
| 3-Year CAGR | +7.0% ▲ |
| 5-Year CAGR | +8.7% ▲ |
| 10-Year CAGR | +7.3% ▲ |
🏠 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 (3.3%). 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 51639
Population: 884
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 Farragut, IA make sense for an investment property?
With a 3.0/5 investability score, Farragut, IA ranks as a solid market for rental property investors. Median prices of $193K and rents of $828/mo drive the underlying numbers.
How tight is the rental market in Farragut, IA?
Farragut, IA carries elevated vacancy risk. Expect steady absorption at market rents of $828/mo.
Are rents high in Farragut, IA?
Rents in Farragut, IA run near $828/mo. Compared with median home prices of $193K that produces solid gross yields for typical rentals.
Is housing expensive in Farragut, IA?
Farragut, IA home values average about $193K. That price point suits investors targeting rentals with $828/mo in monthly income.
What strategy should investors use in Farragut, IA?
Investors usually favor careful cash-flow rentals with hands-on management in Farragut, IA. With home values at $193K and rents near $828/mo, other strategies can work but produce stable rather than outsized returns.
You know 51639 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 51639 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.
AI Market Advisor
Ask questions about investing in 51639 (Farragut)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 51639 (Farragut, IA).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.