Real Estate Investing in Spillville, Iowa (52168)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 52168 (Spillville, IA)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- Elevated vacancy: 9.5% vacancy may signal weakening demand.
- Lower household income: $39,167 median — tenant affordability is tighter.
• 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 Spillville, IA (52168)?
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Market Analysis: 52168 Spillville
The 52168 ZIP in Spillville, IA is a local-operator market. Outside capital chasing a $181K entry has to pair deep knowledge with the discount.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $181K asset, 52168 is the wrong submarket. If the plan prices in friction, the yield can still work.
From a cash-flow lens, 52168 offers a low basis, the region around Spillville has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
The 52168 ZIP's population of 409 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that sits at the need for careful underwriting.
trends toward the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Spillville:
Market Trends
Home Value History (with trend line)
📊 How Does 52168 Compare?
| Metric | 52168 | Spillville | Iowa |
|---|---|---|---|
| Home Value | $180,928 | $180,928 | $227,232 |
| 5-Year CAGR | N/A | N/A | 6.0% |
| Avg Rent | $936 | $936 | - |
| Cap Rate | 4.0% | 4.0% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 52168 (Spillville, IA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $180,928 |
| Monthly Rent | $936 |
| Price-to-Rent | 16.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.2% |
| Cap Rate | 4.0% |
| 5-Year IRR | 9.9% |
📈 Home Appreciation
| 1-Year | +7.5% ▲ |
| 3-Year CAGR | +5.9% ▲ |
| 5-Year CAGR | N/A |
| 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 (4.0%). 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 52168
Population: 409
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 52168
Nearby Schools (1 more)
Schools in adjacent ZIP codes that may serve this area
South Winneshiek High School
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.
🎓 Nearby Colleges & Universities
Investor Insight: With 1,930 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How does Spillville, IA stack up for property investment?
With a 2.0/5 investability score, Spillville, IA ranks as a solid market for rental property investors. Median prices of $181K and rents of $936/mo drive the underlying numbers.
How much is rent in Spillville, IA?
Average rent in Spillville, IA is approximately $936/mo per month. Against $181K home values that yields a reasonable rent-to-price ratio.
How tight is the rental market in Spillville, IA?
Vacancy in Spillville, IA is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $936/mo.
Where do home prices stand in Spillville, IA?
Typical homes in Spillville, IA go for around $181K. The 5-year CAGR of 0.0% reliable price movement.
Does house hacking make sense in Spillville, IA?
For house hackers, Spillville, IA is a challenging. The $936/mo rent on a unit helps defray the mortgage on a $181K property.
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