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

Le Mars, IA has a median modeled monthly cash flow of $-848 and a median cap rate of 2.7%, on a median sold price of $263,000. Prices changed +8.8% year over year.

What is the average cap rate in Le Mars, IA?

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

What is the median home price in Le Mars, IA?

The median sold price in Le Mars, IA is $263,000 (about $142 per square foot).

Investing in Le Mars, IA Real Estate

A data-driven snapshot of the Le Mars, 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.

$263,000Median sold price

$142Median $/sqft

2.7%Median cap rate

$-848Modeled cash flow / mo

+8.8%Appreciation YoY

5.7Months of supply

54Active listings

113Sold (last 12 mo)

What the Le Mars numbers say

In Le Mars, IA, the median home sold for $263,000 (about $142 per square foot), and the typical deal models out to a 2.7% cap rate with a median $-848 of monthly cash flow. Sold prices moved +8.8% over the past year. Inventory sits at about 5.7 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 Le Mars cash-flowing listings

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