Real Estate Investing in Centerville, Iowa

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

1 ZIP codes • Population: 8,110 • Appanoose

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

🏠 For Homebuyers
MIXED
Grade C (57/100)

Mixed — values have been flat. OK for long-horizon buyers, less attractive if you may need to sell soon.

📈 For Investors
MIXED
3.0 / 5 (57/100)

A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.

⚠️ Risks to Know
2 flags
  • High vacancy: 17.2% of homes vacant — above national norms.
  • Declining values: -0.8% 5-year CAGR — values have moved lower.

What’s happening in Centerville, IA?

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3.0/ 5

Investability

Citywide average

0.0/ 5

Appreciation

Long-term value growth

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 $107,269
Avg Monthly Rent $828
ZIP Codes 1

Investing in Centerville Real Estate

Across Centerville's 1 ZIPs, the picture is underwhelming: $107K median values, $828/mo rents, and a population that has faced real economic pressure.

Centerville is the kind of market where the cap rate on paper and the cap rate realized tend to diverge. unambiguously out-of-state investors should be especially careful with the assumptions they carry in.

firmly Centerville's sale market has not rewarded patience. a harder case for listings sit longer, price cuts are common, and rent growth has been flat to negative in multiple ZIPs.

Population dynamics in Centerville haven't been supportive. less favorable for combined with lackluster income growth, the demographic backdrop complicates any purely financial underwriting.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Landlord Ground Truth

Real numbers from people who own or manage rentals in Centerville, IA. Anonymous, moderated, never written by AI.

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Avg Home Value
$107,269
Avg Monthly Rent
$828
1% Rule
✗ Below
Landlord Friendly (IA)

ZIP Codes in Centerville, IA

Screen every ZIP in Centerville

Filter Centerville’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 Centerville, IA

How much is rent in Centerville, IA?

Average rent in Centerville, IA is approximately $828/mo per month. Against $107K home values that yields a reasonable rent-to-price ratio.

Which real estate strategy fits Centerville, IA?

For Centerville, IA, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.

Should investors worry about vacancy in Centerville, IA?

Centerville, IA carries elevated vacancy risk. Expect predictable absorption at market rents of $828/mo.

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

Landlord-friendliness in Centerville, IA is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.

Should investors consider Centerville, IA?

Centerville, IA sits at an investability rating of 3.0/5, with median home values near $107K and average rents around $828/mo. That combination puts it in the significant tier for investor interest.

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