Real Estate Investing in Dundee, Iowa (52038)
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Should you buy in 52038 (Dundee, 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.
- High vacancy: 19.1% of homes vacant — above national norms.
• 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 Dundee, IA (52038)?
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Market Analysis: 52038 Dundee
Not every below-median market is a bargain. Dundee's 52038 ZIP stands at signals that favor experienced operators who can absorb the risk $243K pricing implies.
The investment case in 52038 is significant only for operators who understand what they are buying. A $243K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Nearby ZIPs in Dundee have seen price recovery that 52038 has not matched. Delaware County data supports the view that the spread is structural rather than temporary.
The demographic picture in 52038 includes headwinds that any investor should price in. Income distribution skews lower than Dundee averages, and tenant stability requires active management.
Strategy in 52038 is an operator game, not a passive one. Put differently, entry prices of $243K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Dundee:
Market Trends
Home Value History (with trend line)
📊 How Does 52038 Compare?
| Metric | 52038 | Dundee | Iowa |
|---|---|---|---|
| Home Value | $243,401 | $243,401 | $227,232 |
| 5-Year CAGR | 6.0% | 6.0% | 6.0% |
| Avg Rent | $828 | $828 | - |
| Cap Rate | 2.7% | 2.7% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 52038 (Dundee, IA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $243,401 |
| Monthly Rent | $828 |
| Price-to-Rent | 24.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.1% |
| Cap Rate | 2.7% |
| 5-Year IRR | 8.7% |
📈 Home Appreciation
| 1-Year | +7.3% ▲ |
| 3-Year CAGR | +5.3% ▲ |
| 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 (2.7%). 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 52038
Population: 522
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
How expensive is real estate in Dundee, IA?
The median home value in Dundee, IA is roughly $243K. That puts it reasonable relative to the IA statewide average.
How landlord-friendly is Dundee, IA?
Landlord-friendliness in Dundee, IA is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
Is Dundee in IA worth investing in?
Investors tracking Dundee, IA will find a 3.0/5 rating supported by $243K median home values and $828/mo rents. That profile suits long-term holders targeting predictable returns.
What type of investing works in Dundee, IA?
A careful cash-flow rentals with hands-on management strategy Dundee, IA best. The market produces predictable results for that approach at the $243K price point.
How strong is the working-renter base in Dundee, IA?
Tenant demand in Dundee, IA is solid. The local workforce $828/mo rents across most rental classes.
You know 52038 now. You don’t know where it ranks.
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