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

Polk City, IA has a median modeled monthly cash flow of $-1,834 and a median cap rate of 1.4%, on a median sold price of $394,995. Prices changed +2.3% year over year.

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

The median cap rate across recently sold homes in Polk City, IA is 1.4%, based on CashFlowRE's rent and expense modeling.

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

The median sold price in Polk City, IA is $394,995 (about $272 per square foot).

Investing in Polk City, IA Real Estate

A data-driven snapshot of the Polk 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.

$394,995Median sold price

$272Median $/sqft

1.4%Median cap rate

$-1,834Modeled cash flow / mo

+2.3%Appreciation YoY

8.4Months of supply

115Active listings

164Sold (last 12 mo)

What the Polk City numbers say

In Polk City, IA, the median home sold for $394,995 (about $272 per square foot), and the typical deal models out to a 1.4% cap rate with a median $-1,834 of monthly cash flow. Sold prices moved +2.3% over the past year. Inventory sits at about 8.4 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 Polk City cash-flowing listings

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