Is Altoona, IA a good place to invest in rental property?

Altoona, IA has a median modeled monthly cash flow of $-963 and a median cap rate of 3.1%, on a median sold price of $332,000. Prices changed -1.7% year over year.

What is the average cap rate in Altoona, IA?

The median cap rate across recently sold homes in Altoona, IA is 3.1%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Altoona, IA?

The median sold price in Altoona, IA is $332,000 (about $227 per square foot).

Investing in Altoona, IA Real Estate

A data-driven snapshot of the Altoona, IA rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$332,000Median sold price

$227Median $/sqft

3.1%Median cap rate

$-963Modeled cash flow / mo

-1.7%Appreciation YoY

7.1Months of supply

283Active listings

475Sold (last 12 mo)

What the Altoona numbers say

In Altoona, IA, the median home sold for $332,000 (about $227 per square foot), and the typical deal models out to a 3.1% cap rate with a median $-963 of monthly cash flow. Sold prices moved -1.7% over the past year. Inventory sits at about 7.1 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Iowa markets to compare

See Altoona cash-flowing listings

CashFlowRE ranks every for-sale home in Altoona, IA by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Altoona deals, or browse the national market data.