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

Ankeny, IA has a median modeled monthly cash flow of $-967 and a median cap rate of 2.9%, on a median sold price of $335,000. Prices changed +3.2% year over year.

What is the average cap rate in Ankeny, IA?

The median cap rate across recently sold homes in Ankeny, IA is 2.9%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Ankeny, IA?

The median sold price in Ankeny, IA is $335,000 (about $228 per square foot).

Investing in Ankeny, IA Real Estate

A data-driven snapshot of the Ankeny, 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.

$335,000Median sold price

$228Median $/sqft

2.9%Median cap rate

$-967Modeled cash flow / mo

+3.2%Appreciation YoY

9.9Months of supply

1,334Active listings

1,614Sold (last 12 mo)

What the Ankeny numbers say

In Ankeny, IA, the median home sold for $335,000 (about $228 per square foot), and the typical deal models out to a 2.9% cap rate with a median $-967 of monthly cash flow. Sold prices moved +3.2% over the past year. Inventory sits at about 9.9 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.

🔨 See 13 fix-and-flip deals in Ankeny — listings where the estimated after-repair value beats list price + rehab.

Other Iowa markets to compare

See Ankeny cash-flowing listings

CashFlowRE ranks every for-sale home in Ankeny, 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 Ankeny deals, or browse the national market data.