Real Estate Investing in Delhi, Iowa (52223)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 52223 (Delhi, IA)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High vacancy: 24.1% of homes vacant — above national norms.
- Flat appreciation: Values have barely moved over 5 years (1.3% CAGR).
- High price-to-rent: Price-to-rent ratio 26.7 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Delhi, IA (52223)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 52223 Delhi
The 52223 ZIP in Delhi, IA is a local-operator market. Outside capital chasing a $268K entry has to pair deep knowledge with the discount.
Turning to rents, the numbers look inviting — $268K purchase price, 0.0% nominal cap — the work to hit that pro forma in 52223 is substantial and deserves full respect.
ZIP 52223's metrics run below Delaware County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The demographic picture in 52223 includes headwinds that any investor should price in. Income distribution skews lower than Delhi averages, and tenant stability requires active management.
The 52223 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Delhi:
Property Strategy for 52223
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $282,801 | $930 | 2.4% | +9.3% | $141,400 |
| 3BR | $403,913 | $1,110 | 2.0% | +8.1% | $134,638 |
| 4BR | $508,164 | $1,240 | 1.8% | — | $127,041 |
Market Trends
Home Value History (with trend line)
📊 How Does 52223 Compare?
| Metric | 52223 | Delhi | Iowa |
|---|---|---|---|
| Home Value | $268,144 | $268,144 | $227,232 |
| 5-Year CAGR | 1.3% | 1.3% | 6.0% |
| Avg Rent | $837 | $837 | - |
| Cap Rate | 2.4% | 2.4% | - |
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 52223 (Delhi, IA). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 52223 (Delhi, IA)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $268,144 |
| Monthly Rent | $837 |
| Price-to-Rent | 26.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.8% |
| Cap Rate | 2.4% |
| 5-Year IRR | 3.7% |
📈 Home Appreciation
| 1-Year | +10.6% ▲ |
| 3-Year CAGR | +2.3% ▲ |
| 5-Year CAGR | +1.3% ▲ |
| 10-Year CAGR | +4.1% ▲ |
🏠 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 (2.4%). 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 52223
Population: 1,170
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 52223
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
Is Delhi in IA worth investing in?
Our data puts Delhi, IA at 2.0/5 for investability. Home prices of $268K and rents around $837/mo create a solid backdrop for investor activity.
How much is rent in Delhi, IA?
Delhi, IA rentals go for roughly $837/mo a month. That puts gross yield in solid territory relative to $268K acquisition costs.
Do landlords face vacancy issues in Delhi, IA?
Expect elevated vacancy in Delhi, IA. Rents at $837/mo are absorbed by the tenant base without meaningful lag.
Are tenants stable in Delhi, IA?
Delhi, IA draws a predictable base of working renters. Demand at the $837/mo rent level is reasonable for standard single-family and small multi rentals.
Are homes affordable in Delhi, IA?
Delhi, IA home values average about $268K. That price point suits investors targeting rentals with $837/mo in monthly income.
You know 52223 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 52223 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
AI Market Advisor
Ask questions about investing in 52223 (Delhi)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 52223 (Delhi, IA).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.