Real Estate Investing in Randolph, Iowa (51649)
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Should you buy in 51649 (Randolph, IA)? Our answer, based on the numbers below.
Strong fundamentals — affordable, appreciating, and stable. A confident pick for primary residence.
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.
• 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 Randolph, IA (51649)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 51649 Randolph
This part of Fremont County is not an easy win. The 51649 ZIP records softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 51649 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Nearby ZIPs in Randolph have seen price recovery that 51649 has not matched. Fremont County data supports the view that the spread is structural rather than temporary.
The demographic picture in 51649 includes headwinds that any investor should price in. Income distribution skews lower than Randolph averages, and tenant stability requires active management.
New investors are better served looking at Randolph's stable or hybrid ZIPs before stepping into 51649. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Randolph:
Market Trends
Home Value History (with trend line)
📊 How Does 51649 Compare?
| Metric | 51649 | Randolph | Iowa |
|---|---|---|---|
| Home Value | $207,458 | $207,458 | $227,232 |
| 5-Year CAGR | 6.8% | 6.8% | 6.0% |
| Avg Rent | $1,134 | $1,134 | - |
| Cap Rate | 4.3% | 4.3% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 51649 (Randolph, IA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $207,458 |
| Monthly Rent | $1,134 |
| Price-to-Rent | 15.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.6% |
| Cap Rate | 4.3% |
| 5-Year IRR | 11.1% |
📈 Home Appreciation
| 1-Year | +15.7% ▲ |
| 3-Year CAGR | +6.8% ▲ |
| 5-Year CAGR | +6.8% ▲ |
| 10-Year CAGR | N/A |
🏠 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 (4.3%). 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 51649
Population: 416
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
What is the average home sale price in Randolph, IA?
Typical homes in Randolph, IA go for around $207K. The 5-year CAGR of 0.0% stable price movement.
What is the typical vacancy rate in Randolph, IA?
Occupancy in Randolph, IA runs consistent with elevated vacancy. Well-priced units at $1,134/mo lease on reasonable timelines.
Is it easy to find good tenants in Randolph, IA?
Tenant demand in Randolph, IA is solid. The local workforce $1,134/mo rents across most rental classes.
How landlord-friendly is Randolph, IA?
Landlord-friendliness in Randolph, IA is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
How much do tenants pay in Randolph, IA?
Rent in Randolph, IA is around $1,134/mo. The resulting rent-to-value relationship with $207K pricing is reasonable for most investor models.
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