Real Estate Investing in Clear Lake, Iowa
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Should you buy in Clear Lake, IA? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 25.3% of homes vacant — above national norms.
What’s happening in Clear Lake, IA?
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Market Trends — Clear Lake, IA
Home Value History
Rent History
Investing in Clear Lake Real Estate
Clear Lake, IA covers 1 ZIP codes and a population but the investment metrics here are soft — this is not a market to enter casually.
clearly Clear Lake's aggregate rating of ★★★☆☆ reflects underwhelming investor metrics across the board — weak rent growth, weak appreciation, and rising-vacancy pressure in multiple ZIPs.
Rents in Clear Lake at $950/mo have struggled to keep pace with cost increases, and vacancy has risen in pockets — a dynamic that compresses realized returns well below headline cap rates.
The 0% renter share in Clear Lake masks uneven tenant quality across ZIPs, and $N/AK median income leaves little cushion against economic shocks.
Best ZIP codes in Mason City, IA
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Landlord Ground Truth
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ZIP Codes in Clear Lake, IA
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View PlansFrequently Asked Questions About Clear Lake, IA
What do landlords charge for rent in Clear Lake, IA?
The typical rental in Clear Lake, IA commands about $950/mo monthly. That rent profile consistent cash flow against the $340K purchase basis.
Are eviction rules reasonable in Clear Lake, IA?
Clear Lake, IA operates under IA law, which is landlord-friendly overall for landlords. Expect reliable treatment in typical lease and eviction cases.
How much should I expect to pay for a home in Clear Lake, IA?
Clear Lake, IA home values average about $340K. That price point suits investors targeting rentals with $950/mo in monthly income.
Does a duplex house hack pencil in Clear Lake, IA?
House hacking in Clear Lake, IA is reasonable to execute. Prices around $340K and rents of $950/mo solid owner-occupant economics.
How deep is the rental pool in Clear Lake, IA?
Clear Lake, IA draws a reliable base of working renters. Demand at the $950/mo rent level is reasonable for standard single-family and small multi rentals.
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