Iowa

Shelby County

ZIP 51562

11,757 residents3 permits TTM$67,690 median HHI10 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 51562

Median home value

$156,200

Gross yield

7.5%

Cap rate

6.2%

Rent gap

17.4%

Affordability

P/I: 3.7R/I:

Section 8 detail

SAFMR: $980Rent: $810Gap: 21.0%
ZIP code breakdown10 ZIP codes

Numbers repeat across most ZIPs in this county

ZIP-level home-value data isn't published for rural areas. Federal sources (Census ACS, HUD non-metro FMR) are available at the county level only, so home-value, cap-rate, and rent-gap numbers use the county estimate for every ZIP in the county.

ZIPMedian home valueRent (FMR 2BR)Gross yieldCap rateRent gap
51446$156,200county est.$9197.1%6.2%11.9%
51447$156,200county est.$9197.1%6.2%11.9%
51527$156,200county est.$9197.1%6.2%11.9%
51530$156,200county est.$9197.1%6.2%11.9%
51531$156,200county est.$9197.1%6.2%11.9%

Ranked by composite score

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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