Real Estate Investing in Monmouth, Iowa (52309)
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Should you buy in 52309 (Monmouth, 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.
- Elevated vacancy: 8.7% vacancy may signal weakening demand.
- High price-to-rent: Price-to-rent ratio 26.9 — hard to cash-flow at these prices.
• 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 Monmouth, IA (52309)?
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Market Analysis: 52309 Monmouth
The 52309 ZIP covers a section of Monmouth that demands careful diligence. Prices near $278K look accessible, but the work to make a deal cash flow is real.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $278K asset, 52309 is the wrong submarket. If the plan prices in friction, the yield can still work.
The gap between 52309 and stronger Monmouth ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Employment concentration in 52309 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Distressed ZIPs reward experience. notable returns are possible in 52309, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Monmouth:
Market Trends
Home Value History (with trend line)
📊 How Does 52309 Compare?
| Metric | 52309 | Monmouth | Cedar Rapids, IA | Iowa |
|---|---|---|---|---|
| Home Value | $278,386 | $278,386 | N/A | $227,232 |
| 5-Year CAGR | 6.7% | 6.7% | N/A | 6.0% |
| Avg Rent | $864 | $864 | N/A | - |
| Cap Rate | 2.4% | 2.4% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 52309 (Monmouth, IA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $278,386 |
| Monthly Rent | $864 |
| Price-to-Rent | 26.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.7% |
| Cap Rate | 2.4% |
| 5-Year IRR | 9.1% |
📈 Home Appreciation
| 1-Year | +14.5% ▲ |
| 3-Year CAGR | +7.8% ▲ |
| 5-Year CAGR | +6.7% ▲ |
| 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 (2.4%). 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 52309
Population: 446
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
Where do rents currently stand in Monmouth, IA?
Investors in Monmouth, IA typically see rents near $864/mo per month against $278K home values - a solid setup for rental cash flow.
Are tenants stable in Monmouth, IA?
Working renters make up the core of the Monmouth, IA tenant base. The pool is reasonable for investors targeting long-term holds.
What is the rental occupancy rate in Monmouth, IA?
Monmouth, IA vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
What is the smart move for investors in Monmouth, IA?
Most investors in Monmouth, IA run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
Should investors consider Monmouth, IA?
The 3.0/5 investability rating in Monmouth, IA reflects its $278K prices and $864/mo rents. Investors generally consider it a solid option within IA.
You know 52309 now. You don’t know where it ranks.
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How 52309 ranks in Cedar Rapids, IA
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