Real Estate Investing in Clarinda, Iowa (51632)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 51632 (Clarinda, 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: 9.7% 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 Clarinda, IA (51632)?
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Market Analysis: 51632 Clarinda
This part of Page County is not an easy win. The 51632 ZIP sits at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed markets are won on execution, not on spreadsheets. ZIP 51632 reports the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Within IA, ZIP 51632 trails on several market indicators that neighboring Page County submarkets outperform. The gap is real and solid enough to shape underwriting.
Turning to rents, 6,682 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
New investors are better served looking at Clarinda's stable or hybrid ZIPs before stepping into 51632. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Clarinda:
Property Strategy for 51632
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $104,465 | $920 | 6.3% | +6.9% | $52,232 |
| 3BR | $171,564 | $1,150 | 4.8% | +6.8% | $57,188 |
| 4BR | $218,887 | $1,220 | 4.0% | +7.6% | $54,722 |
| 5BR | $287,758 | — | — | +8.3% | $57,552 |
Market Trends
Home Value History (with trend line)
📊 How Does 51632 Compare?
| Metric | 51632 | Clarinda | Iowa |
|---|---|---|---|
| Home Value | $166,742 | $166,742 | $227,232 |
| 5-Year CAGR | 5.9% | 5.9% | 6.0% |
| Avg Rent | $828 | $828 | - |
| Cap Rate | 3.9% | 3.9% | - |
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 51632 (Clarinda, IA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $166,742 |
| Monthly Rent | $828 |
| Price-to-Rent | 16.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.0% |
| Cap Rate | 3.9% |
| 5-Year IRR | 9.8% |
📈 Home Appreciation
| 1-Year | +9.2% ▲ |
| 3-Year CAGR | +4.3% ▲ |
| 5-Year CAGR | +5.9% ▲ |
| 10-Year CAGR | +5.5% ▲ |
🏠 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 (3.9%). 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 51632
Population: 6,682
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 51632
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
Should investors worry about vacancy in Clarinda, IA?
Clarinda, IA sees elevated vacancy, which is reasonable relative to the broader IA rental market.
How strict are landlord regulations in Clarinda, IA?
Clarinda, IA operates under IA law, which is landlord-friendly overall for landlords. Expect stable treatment in typical lease and eviction cases.
What is the best play in Clarinda, IA?
Clarinda, IA investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($167K prices, $828/mo rents) make it a reasonable choice.
What does house hacking look like in Clarinda, IA?
For house hackers, Clarinda, IA is a challenging. The $828/mo rent on a unit helps defray the mortgage on a $167K property.
Where do home prices stand in Clarinda, IA?
Clarinda, IA median home values land near $167K. That is reasonable territory for investors looking at $828/mo-per-month rentals.
You know 51632 now. You don’t know where it ranks.
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