Iowa

Shelby County

ZIP 51537

11,757 residents3 permits TTM$67,690 median HHI8 ZIP codesUpdated April 16, 2026
Investor first look

Median home value

$156,200

ACS 5-Year

Cap rate proxy

6.2%

FMR × 0.65 ÷ Home Value

Rent-to-income

14.4%

HUD FMR ÷ ACS HHI

Net migration

+1.02%

IRS SOI

Permits (TTM)

3

Census BPS

Climate risk

22.8

FEMA NRI (0–100)

ZIP 51537

Median home value

Gross yield

Buy Box score

0.6

Section 8 gap

Affordability

P/I: 2.9R/I:

Section 8 detail

SAFMR: Rent: Gap:
ZIP code breakdown8 ZIP codes
ZIPMedian home valueRent (FMR 2BR)Gross yieldBuy Box scoreSection 8 gap
515370.6
51570$156,200$9607.4%0.418.5%
51446
51527
51530
51531
51562$156,200$9807.5%21.0%
51565$156,200$9607.4%18.5%

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Demographics

Owner-occupied

75.8%

Census ACS

Vacancy rate

8.2%

Census ACS

Bachelor's degree +

23.3%

Census ACS

Rent burdened

37.2%

Census ACS (>30% income)

Median age

45.1

Census ACS

Data sources
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