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

Iowa City, IA has a median modeled monthly cash flow of $-1,005 and a median cap rate of 2.7%, on a median sold price of $320,000. Prices changed +2.9% year over year.

What is the average cap rate in Iowa City, IA?

The median cap rate across recently sold homes in Iowa City, IA is 2.7%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Iowa City, IA?

The median sold price in Iowa City, IA is $320,000 (about $175 per square foot).

Investing in Iowa City, IA Real Estate

A data-driven snapshot of the Iowa City, 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.

$320,000Median sold price

$175Median $/sqft

2.7%Median cap rate

$-1,005Modeled cash flow / mo

+2.9%Appreciation YoY

6.7Months of supply

567Active listings

1,016Sold (last 12 mo)

What the Iowa City numbers say

In Iowa City, IA, the median home sold for $320,000 (about $175 per square foot), and the typical deal models out to a 2.7% cap rate with a median $-1,005 of monthly cash flow. Sold prices moved +2.9% over the past year. Inventory sits at about 6.7 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 Iowa City cash-flowing listings

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