Real Estate Investing in Tabor, Iowa (51653)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 51653 (Tabor, 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: 9.5% 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 Tabor, IA (51653)?
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Market Analysis: 51653 Tabor
Investors eyeing 51653 need to respect the fundamentals at play. Home values of $230K come alongside slower price movement and elevated management overhead.
Rent of $1,053/mo on a $230K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 51653 sits below the stated 0.0% once reality is priced in.
Statewide comparisons place 51653 among IA's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The 51653 ZIP's population of 1,390 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that shows the need for careful underwriting.
The right play in 51653 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 Tabor:
Property Strategy for 51653
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $162,066 | $1,170 | 5.2% | +6.6% | $81,033 |
| 3BR | $227,195 | $1,590 | 5.0% | +7.5% | $75,732 |
| 4BR | $276,608 | $1,750 | 4.6% | — | $69,152 |
Market Trends
Home Value History (with trend line)
📊 How Does 51653 Compare?
| Metric | 51653 | Tabor | Iowa |
|---|---|---|---|
| Home Value | $230,196 | $230,196 | $227,232 |
| 5-Year CAGR | 6.0% | 6.0% | 6.0% |
| Avg Rent | $1,053 | $1,053 | - |
| Cap Rate | 3.6% | 3.6% | - |
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 51653 (Tabor, IA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $230,196 |
| Monthly Rent | $1,053 |
| Price-to-Rent | 18.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.5% |
| Cap Rate | 3.6% |
| 5-Year IRR | 9.6% |
📈 Home Appreciation
| 1-Year | +9.3% ▲ |
| 3-Year CAGR | +5.9% ▲ |
| 5-Year CAGR | +6.0% ▲ |
| 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 (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 51653
Population: 1,390
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 51653
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 Tabor, IA?
In Tabor, IA the median home value sits at $230K. Against the broader IA market, that reads as reasonable for most investors.
Is the tenant base reliable in Tabor, IA?
The renter base in Tabor, IA is reasonable for the $1,053/mo price point. Screening well and pricing to market typically yields stable tenants.
Is Tabor, IA landlord-friendly?
IA law landlord-friendly for landlords, and Tabor inherits those rules. Investors should still review local ordinances for rental licensing.
Is vacancy a concern in Tabor, IA?
Rental vacancy in Tabor, IA is elevated. Investors should budget normal turnover but not chronic empty units.
Can I house hack in Tabor, IA?
Tabor, IA is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $230K price point reasonable to enter.
You know 51653 now. You don’t know where it ranks.
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