Real Estate Investing in Hartwick, Iowa (52232)
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Should you buy in 52232 (Hartwick, IA)? Our answer, based on the numbers below.
Mixed — values have been flat. OK for long-horizon buyers, less attractive if you may need to sell soon.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
No major risk flags on the data we track.
• 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 Hartwick, IA (52232)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 52232 Hartwick
ZIP 52232 in Hartwick, IA carries a impressive set of headwinds. Home values near $233K and rents of $855/mo sit inside a market where underwriting has to be tight.
The 52232 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
ZIP 52232's metrics run below Poweshiek County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Employment concentration in 52232 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategically, 52232 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 Hartwick:
Market Trends
Home Value History (with trend line)
📊 How Does 52232 Compare?
| Metric | 52232 | Hartwick | Iowa |
|---|---|---|---|
| Home Value | $233,278 | $233,278 | $227,232 |
| 5-Year CAGR | N/A | N/A | 6.0% |
| Avg Rent | $855 | $855 | - |
| Cap Rate | 2.9% | 2.9% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 52232 (Hartwick, IA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $233,278 |
| Monthly Rent | $855 |
| Price-to-Rent | 22.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.9% |
| 5-Year IRR | 10.4% |
📈 Home Appreciation
| 1-Year | +17.0% ▲ |
| 3-Year CAGR | +7.6% ▲ |
| 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 (2.9%). 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 52232
Population: 335
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 investment strategy works best in Hartwick, IA?
In Hartwick, IA the durable play is typically careful cash-flow rentals with hands-on management. The combination of $233K prices and $855/mo rents suits that approach.
Are there empty rentals in Hartwick, IA?
Hartwick, IA sees elevated vacancy, which is reasonable relative to the broader IA rental market.
How much does a house cost in Hartwick, IA?
In Hartwick, IA the median home value sits at $233K. Against the broader IA market, that reads as reasonable for most investors.
Is house hacking profitable in Hartwick, IA?
House hacking in Hartwick, IA is reasonable to execute. Prices around $233K and rents of $855/mo solid owner-occupant economics.
What are rental rates like in Hartwick, IA?
Average rent in Hartwick, IA is approximately $855/mo per month. Against $233K home values that yields a reasonable rent-to-price ratio.
You know 52232 now. You don’t know where it ranks.
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