Iowa
Clay County
ZIP 51366
16,446 residents59 permits TTM$64,082 median HHI10 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$171,500
ACS 5-Year
Cap rate proxy
5.6%
FMR × 0.65 ÷ Home Value
Rent-to-income
14.9%
HUD FMR ÷ ACS HHI
Net migration
+0.78%
IRS SOI
Permits (TTM)
59
Census BPS
Climate risk
36.4
FEMA NRI (0–100)
ZIP 51366
Median home value
—
Gross yield
—
Cap rate
5.6%
Rent gap
—
Affordability
P/I: 2.8R/I: —
Section 8 detail
SAFMR: —Rent: —Gap: —
ZIP code breakdown10 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate | Rent gap |
|---|---|---|---|---|---|
| 51357 | — | — | — | 5.6% | — |
| 51340 | — | — | — | 5.6% | — |
| 51338 | — | — | — | 5.6% | — |
| 51047 | — | — | — | 5.6% | — |
| 51343 | — | — | — | 5.6% | — |
Ranked by composite score
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Demographics
Owner-occupied
72.7%
Census ACS
Vacancy rate
11.0%
Census ACS
Bachelor's degree +
26.0%
Census ACS
Rent burdened
31.6%
Census ACS (>30% income)
Median age
41.8
Census ACS
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 16, 2026