Real Estate Investing in Thurman, Iowa (51654)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 51654 (Thurman, 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: 8.6% 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 Thurman, IA (51654)?
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Market Analysis: 51654 Thurman
ZIP 51654 in Thurman, IA carries a notable set of headwinds. Home values near $230K and rents of $1,242/mo sit inside a market where underwriting has to be tight.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $230K asset, 51654 is the wrong submarket. If the plan prices in friction, the yield can still work.
The gap between 51654 and stronger Thurman ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Employment concentration in 51654 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategically, 51654 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Thurman:
Market Trends
Home Value History (with trend line)
📊 How Does 51654 Compare?
| Metric | 51654 | Thurman | Iowa |
|---|---|---|---|
| Home Value | $230,367 | $230,367 | $227,232 |
| 5-Year CAGR | 6.6% | 6.6% | 6.0% |
| Avg Rent | $1,242 | $1,242 | - |
| Cap Rate | 4.2% | 4.2% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 51654 (Thurman, IA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $230,367 |
| Monthly Rent | $1,242 |
| Price-to-Rent | 15.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.5% |
| Cap Rate | 4.2% |
| 5-Year IRR | 10.8% |
📈 Home Appreciation
| 1-Year | +21.7% ▲ |
| 3-Year CAGR | +7.9% ▲ |
| 5-Year CAGR | +6.6% ▲ |
| 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 (4.2%). 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 51654
Population: 301
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 smart move for investors in Thurman, IA?
In Thurman, IA the healthy play is typically careful cash-flow rentals with hands-on management. The combination of $230K prices and $1,242/mo rents suits that approach.
Are tenants stable in Thurman, IA?
Thurman, IA draws a stable base of working renters. Demand at the $1,242/mo rent level is reasonable for standard single-family and small multi rentals.
Do rentals sit vacant long in Thurman, IA?
Rental vacancy in Thurman, IA is elevated. Investors should budget normal turnover but not chronic empty units.
What are home prices like in Thurman, IA?
The median home value in Thurman, IA is roughly $230K. That puts it reasonable relative to the IA statewide average.
Is Thurman, IA a smart market for rental property?
The 3.0/5 investability rating in Thurman, IA reflects its $230K prices and $1,242/mo rents. Investors generally consider it a solid option within IA.
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