Real Estate Investing in Morning Sun, Iowa (52640)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 52640 (Morning Sun, 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 cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- Elevated vacancy: 9.9% 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 Morning Sun, IA (52640)?
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Market Analysis: 52640 Morning Sun
Investors eyeing 52640 need to respect the fundamentals at play. Home values of $180K come alongside slower price movement and elevated management overhead.
Rent of $936/mo on a $180K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 52640 sits below the stated 0.0% once reality is priced in.
Regionally, 52640 sits on the difficult end of the IA spectrum. The a strong candidate for read — for disciplined operators — is that pricing reflects the difficulty.
Looking more closely, 1,201 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
The right play in 52640 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Morning Sun:
Market Trends
Home Value History (with trend line)
📊 How Does 52640 Compare?
| Metric | 52640 | Morning Sun | Burlington, IA-IL | Iowa |
|---|---|---|---|---|
| Home Value | $180,189 | $180,189 | N/A | $227,232 |
| 5-Year CAGR | 4.6% | 4.6% | N/A | 6.0% |
| Avg Rent | $936 | $936 | N/A | - |
| Cap Rate | 4.1% | 4.1% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 52640 (Morning Sun, IA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $180,189 |
| Monthly Rent | $936 |
| Price-to-Rent | 16.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.2% |
| Cap Rate | 4.1% |
| 5-Year IRR | 8.7% |
📈 Home Appreciation
| 1-Year | +6.2% ▲ |
| 3-Year CAGR | +3.6% ▲ |
| 5-Year CAGR | +4.6% ▲ |
| 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 (4.1%). 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 52640
Population: 1,201
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 52640
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
Where do home prices stand in Morning Sun, IA?
Morning Sun, IA home values average about $180K. That price point suits investors targeting rentals with $936/mo in monthly income.
Are landlord laws favorable in Morning Sun, IA?
Rental owners in Morning Sun, IA deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
How strong is the working-renter base in Morning Sun, IA?
The renter base in Morning Sun, IA is reasonable for the $936/mo price point. Screening well and pricing to market typically yields stable tenants.
What monthly rent should investors expect in Morning Sun, IA?
Average rent in Morning Sun, IA is approximately $936/mo per month. Against $180K home values that yields a reasonable rent-to-price ratio.
What are vacancy rates like in Morning Sun, IA?
Vacancy in Morning Sun, IA is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $936/mo.
You know 52640 now. You don’t know where it ranks.
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