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

Boone, IA has a median modeled monthly cash flow of $-454 and a median cap rate of 3.6%, on a median sold price of $199,000. Prices changed +4.9% year over year.

What is the average cap rate in Boone, IA?

The median cap rate across recently sold homes in Boone, IA is 3.6%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Boone, IA?

The median sold price in Boone, IA is $199,000 (about $151 per square foot).

Investing in Boone, IA Real Estate

A data-driven snapshot of the Boone, 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.

$199,000Median sold price

$151Median $/sqft

3.6%Median cap rate

$-454Modeled cash flow / mo

+4.9%Appreciation YoY

8.5Months of supply

148Active listings

209Sold (last 12 mo)

What the Boone numbers say

In Boone, IA, the median home sold for $199,000 (about $151 per square foot), and the typical deal models out to a 3.6% cap rate with a median $-454 of monthly cash flow. Sold prices moved +4.9% over the past year. Inventory sits at about 8.5 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 Boone cash-flowing listings

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