Real Estate Investing in Keokuk, Iowa (52639)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 52639 (Keokuk, 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.
- Elevated vacancy: 10.3% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Keokuk, IA (52639)?
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Market Analysis: 52639 Keokuk
The 52639 ZIP covers a section of Keokuk that demands careful diligence. Prices near $191K look accessible, but the work to make a deal cash flow is real.
The investment case in 52639 is healthy only for operators who understand what they are buying. A $191K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
From a cash-flow lens, 52639 offers a low basis, the region around Keokuk has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Demographically, 52639 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Distressed ZIPs reward experience. notable returns are possible in 52639, 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 Keokuk:
Property Strategy for 52639
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $133,375 | $920 | 5.0% | — | $66,688 |
| 3BR | $195,445 | $1,210 | 4.5% | — | $65,148 |
| 4BR | $204,857 | $1,270 | 4.5% | — | $51,214 |
Market Trends
Home Value History (with trend line)
📊 How Does 52639 Compare?
| Metric | 52639 | Keokuk | Iowa |
|---|---|---|---|
| Home Value | $190,848 | $137,627 | $227,232 |
| 5-Year CAGR | N/A | 1.3% | 6.0% |
| Avg Rent | $828 | $842 | - |
| Cap Rate | 3.4% | 5.6% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 52639 (Keokuk, IA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $190,848 |
| Monthly Rent | $828 |
| Price-to-Rent | 19.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.4% |
| 5-Year IRR | 9.8% |
📈 Home Appreciation
| 1-Year | +14.3% ▲ |
| 3-Year CAGR | +6.4% ▲ |
| 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 (3.4%). 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 52639
Population: 1,626
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 is the smart move for investors in Keokuk, IA?
In Keokuk, IA the substantial play is typically careful cash-flow rentals with hands-on management. The combination of $191K prices and $828/mo rents suits that approach.
How strong is tenant demand in Keokuk, IA?
Keokuk, IA draws a stable base of working renters. Demand at the $828/mo rent level is reasonable for standard single-family and small multi rentals.
Is Keokuk, IA a good place for real estate investing?
Yes - Keokuk, IA a 2.0/5 investability score. With $191K home prices against $828/mo monthly rent, the market delivers a reasonable entry point for new investors.
Does Keokuk, IA favor landlords or tenants?
Keokuk, IA operates under IA law, which is landlord-friendly overall for landlords. Expect predictable treatment in typical lease and eviction cases.
What kind of vacancy should I budget for in Keokuk, IA?
Occupancy in Keokuk, IA runs even-keeled with elevated vacancy. Well-priced units at $828/mo lease on reasonable timelines.
You know 52639 now. You don’t know where it ranks.
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How 52639 ranks in Fort Madison-Keokuk, IA-IL-MO
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