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

Cherokee, IA has a median modeled monthly cash flow of $-242 and a median cap rate of 4.8%, on a median sold price of $140,000. Prices changed -14.8% year over year.

What is the average cap rate in Cherokee, IA?

The median cap rate across recently sold homes in Cherokee, IA is 4.8%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Cherokee, IA?

The median sold price in Cherokee, IA is $140,000 (about $84 per square foot).

Investing in Cherokee, IA Real Estate

A data-driven snapshot of the Cherokee, 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.

$140,000Median sold price

$84Median $/sqft

4.8%Median cap rate

$-242Modeled cash flow / mo

-14.8%Appreciation YoY

7.7Months of supply

39Active listings

61Sold (last 12 mo)

What the Cherokee numbers say

In Cherokee, IA, the median home sold for $140,000 (about $84 per square foot), and the typical deal models out to a 4.8% cap rate with a median $-242 of monthly cash flow. Sold prices moved -14.8% over the past year. Inventory sits at about 7.7 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 Cherokee cash-flowing listings

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