Real Estate Investing in Swisher, Iowa (52338)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 52338 (Swisher, IA)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High price-to-rent: Price-to-rent ratio 41.4 — 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 Swisher, IA (52338)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 52338 Swisher
Investors eyeing 52338 need to respect the fundamentals at play. Home values of $478K come alongside slower price movement and elevated management overhead.
Distressed markets are won on execution, not on spreadsheets. ZIP 52338 comes in at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Within IA, ZIP 52338 trails on several market indicators that neighboring Johnson County submarkets outperform. The gap is real and healthy enough to shape underwriting.
Employment concentration in 52338 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
New investors are better served looking at Swisher's stable or hybrid ZIPs before stepping into 52338. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Swisher:
Property Strategy for 52338
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $361,512 | $1,490 | 3.0% | +5.7% | $120,504 |
| 4BR | $546,692 | $1,790 | 2.4% | +6.4% | $136,673 |
Market Trends
Home Value History (with trend line)
📊 How Does 52338 Compare?
| Metric | 52338 | Swisher | Iowa City, IA | Iowa |
|---|---|---|---|---|
| Home Value | $478,360 | $478,360 | N/A | $227,232 |
| 5-Year CAGR | 4.9% | 4.9% | N/A | 6.0% |
| Avg Rent | $963 | $963 | N/A | - |
| Cap Rate | 1.6% | 1.6% | - | - |
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 52338 (Swisher, IA). Anonymous, moderated, never written by AI.
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Property managers serving Johnson County
Manage rentals here? List your business →KMB Property Management offers management services, including HOA management, and provides resources for residents and clients. summary from their website
Keystone Property Management Group offers property management services. summary from their website
Nest Property Management offers full-service property management to owners and investors in Iowa City, including student housing and tenant resources. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $478,360 |
| Monthly Rent | $963 |
| Price-to-Rent | 41.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.4% |
| Cap Rate | 1.6% |
| 5-Year IRR | 6.5% |
📈 Home Appreciation
| 1-Year | +7.1% ▲ |
| 3-Year CAGR | +3.5% ▲ |
| 5-Year CAGR | +4.9% ▲ |
| 10-Year CAGR | +5.2% ▲ |
🏠 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 (1.6%). 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 52338
Population: 3,865
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
🎓 Nearby Colleges & Universities
Investor Insight: With 8,317 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What are rental rates like in Swisher, IA?
Rental rates in Swisher, IA average $963/mo. Tenant demand and $478K home values make the yield look reasonable by investor standards.
What kind of vacancy should I budget for in Swisher, IA?
Occupancy in Swisher, IA runs reliable with elevated vacancy. Well-priced units at $963/mo lease on reasonable timelines.
What price range are homes in Swisher, IA?
Median home price in Swisher, IA is near $478K, with a 5-year CAGR of 0.0%. Prices have been even-keeled and supportive of buy-and-hold strategies.
What investment strategy works best in Swisher, IA?
In Swisher, IA the substantial play is typically careful cash-flow rentals with hands-on management. The combination of $478K prices and $963/mo rents suits that approach.
What kind of tenants rent in Swisher, IA?
Swisher, IA offers a measured renter base at the $963/mo rent level. Tenant turnover is reasonable for well-managed properties.
You know 52338 now. You don’t know where it ranks.
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How 52338 ranks in Iowa City, IA
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