MarketsRun a deal in this market
State · IA
Iowa
Data as of November 2024· Sources: Zillow ZHVI/ZORI, Census ACS
Strategy
Median home value
$217k
+3.9%Zillow ZHVI
Median rent
$1,200/mo
+4.6%Zillow ZORI
Gross yield
6.64%
Rent × 12 / value
Rent/price ratio
0.000%
1% rule benchmark
Median household income
$70,571
Census ACS
Owner-occupied
71.1%
Census ACS
Renter-occupied
28.9%
Census ACS
Population
-
Census ACS
What this means for LTR investors
Gross yield of 6.64% is below the 7% LTR sweet spot; you'd lean on appreciation here.
Rent grew 4.6% YoY while values moved 3.9%. That gap drives whether yield compresses or expands over time.
Renter share is 29% - a deep renter pool means lower vacancy risk in Iowa.
Median income of $70,571 sets the affordability ceiling on rent growth.