Real Estate Investing in Indianola, Iowa

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

1 ZIP codes • Population: 20,009 • Warren County

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

🏠 For Homebuyers
GOOD FIT
Grade B (71/100)

Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.

📈 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
CLEAN

No major risk flags on the data we track.

What’s happening in Indianola, IA?

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

4.8% 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 $315,783
Avg Monthly Rent $1,282
ZIP Codes 1

Investing in Indianola Real Estate

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

The investment case for Indianola is difficult to make on screen data alone. a stretch for a 3.0 rating and a cap rate of 0.0% that looks fine only until you underwrite the vacancy.

Rent trends and price trends in Indianola are both soft, which is the uncomfortable combination that defines distressed-leaning markets in Iowa.

The 0% renter share in Indianola masks uneven tenant quality across ZIPs, and $N/AK median income leaves little cushion against economic shocks.

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 Des Moines-West Des Moines, IA

Indianola 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
$315,783
Avg Monthly Rent
$1,282
1% Rule
✗ Below
Landlord Friendly (IA)

🎓 Colleges & Universities in Indianola

1 College 1,163 Students
C
Simpson College
4-Year Private · 1,163 students

ZIP Codes in Indianola, IA

Screen every ZIP in Indianola

Filter Indianola’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 Indianola, IA

Is Indianola, IA a smart market for rental property?

Indianola, IA stands at an investability rating of 3.0/5, with median home values near $316K and average rents around $1,282/mo. That combination puts it in the robust tier for investor interest.

What is the typical home price in Indianola, IA?

Median home price in Indianola, IA is near $316K, with a 5-year CAGR of 0.0%. Prices have been predictable and supportive of buy-and-hold strategies.

Is vacancy a concern in Indianola, IA?

Occupancy in Indianola, IA runs even-keeled with elevated vacancy. Well-priced units at $1,282/mo lease on reasonable timelines.

Can I live-in-and-rent in Indianola, IA?

Indianola, IA is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $316K price point reasonable to enter.

How strong are rents in Indianola, IA?

Expect rents around $1,282/mo per month in Indianola, IA. With home values at $316K, the yield math works out to reasonable levels for rental investors.

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