Real Estate Investing in Boone, Iowa

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1 ZIP codes • Population: 16,318 • Boone County

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Should you buy in Boone, IA? Our answer, based on the numbers below.

🏠 For Homebuyers
GOOD FIT
Grade B (74/100)

Solid choice — values are growing steadily and the market is stable enough to buy with confidence.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
1 flag
  • Elevated vacancy: 8.6% vacancy may signal weakening demand.

What’s happening in Boone, IA?

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

5.2% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $214,633
Avg Monthly Rent $770
ZIP Codes 1

Investing in Boone Real Estate

This is a distressed-leaning corner of Iowa: Boone has 1 ZIPs and a sizable population, and the investment math only works for investors who truly understand the market.

A 3.0 rating and a 5-year CAGR of 0.0% are the kinds of numbers that warrant real local underwriting, not spreadsheet tourism. Boone is in that category.

Market conditions in Boone are tepid. Days-on-market has stretched, rent growth has stalled, and the 0.0% 5-year CAGR understates how uneven the underlying ZIPs really are.

Distressed-leaning demographics in Boone — soft income growth, high rent burden, population shifts — are among the reasons the ★★★☆☆ rating sits where it does.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Best ZIP codes in Ames, IA

Boone is part of this metro. Every ZIP in it, ranked. Free.

Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

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Avg Home Value
$214,633
Avg Monthly Rent
$770
1% Rule
✗ Below
Landlord Friendly (IA)

📉 Market Crash Risk Index

Based on Ames, IA metro

2/10
Low Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
1/3
58%
Days Pending
1/2
50 days

View all metro crash risk rankings →

⚖️ Balanced Market — Ames, IA metro
50
Days to pending
9.1%
Listings with price cuts
0.0%
Sale-to-list ratio
📅 Data as of August 29, 2026 — updated weekly

ZIP Codes in Boone, IA

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Filter Boone’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Boone, IA

Is Boone, IA a good place for real estate investing?

Yes - Boone, IA a 3.0/5 investability score. With $215K home prices against $770/mo monthly rent, the market delivers a reasonable entry point for new investors.

What is the average monthly rent in Boone, IA?

Expect rents around $770/mo per month in Boone, IA. With home values at $215K, the yield math works out to reasonable levels for rental investors.

What strategy should investors use in Boone, IA?

Investors usually favor careful cash-flow rentals with hands-on management in Boone, IA. With home values at $215K and rents near $770/mo, other strategies can work but produce stable rather than outsized returns.

What is it like being a landlord in Boone, IA?

IA ranks as a landlord-friendly state for landlord-tenant law. Boone generally follows the statewide framework, so landlords face reasonable operating rules.

Do rentals sit vacant long in Boone, IA?

Expect elevated vacancy in Boone, IA. Rents at $770/mo are absorbed by the tenant base without meaningful lag.

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