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

Independence, IA has a median modeled monthly cash flow of $-597 and a median cap rate of 3.3%, on a median sold price of $204,500. Prices changed +0.8% year over year.

What is the average cap rate in Independence, IA?

The median cap rate across recently sold homes in Independence, IA is 3.3%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Independence, IA?

The median sold price in Independence, IA is $204,500 (about $123 per square foot).

Investing in Independence, IA Real Estate

A data-driven snapshot of the Independence, 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.

$204,500Median sold price

$123Median $/sqft

3.3%Median cap rate

$-597Modeled cash flow / mo

+0.8%Appreciation YoY

6.8Months of supply

65Active listings

115Sold (last 12 mo)

What the Independence numbers say

In Independence, IA, the median home sold for $204,500 (about $123 per square foot), and the typical deal models out to a 3.3% cap rate with a median $-597 of monthly cash flow. Sold prices moved +0.8% over the past year. Inventory sits at about 6.8 months of supply. 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 Independence cash-flowing listings

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