Real Estate Investing in Lewis, Iowa

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1 ZIP codes • Population: 843 • Cass County

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

🏠 For Homebuyers
MIXED
Grade C (64/100)

Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.

📈 For Investors
MIXED
3.0 / 5 (52/100)

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

⚠️ Risks to Know
1 flag
  • High vacancy: 14.6% of homes vacant — above national norms.

What’s happening in Lewis, IA?

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

5.0% 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 $165,970
Avg Monthly Rent $864
ZIP Codes 1

Investing in Lewis Real Estate

Across Lewis's 1 ZIPs, the picture is soft: $166K median values, $864/mo rents, and a population that has faced real economic pressure.

The investment case for Lewis is difficult to make on screen data alone. a harder case 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 Lewis are both soft, which is the uncomfortable combination that defines distressed-leaning markets in Iowa.

Demographics in Lewis show real pressure — median income of $N/AK is subdued relative to rents, and the 0% renter share includes significant cost-burdened households.

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 Omaha-Council Bluffs, NE-IA

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Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

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Avg Home Value
$165,970
Avg Monthly Rent
$864
1% Rule
✗ Below
Landlord Friendly (IA)

ZIP Codes in Lewis, IA

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Filter Lewis’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 Lewis, IA

How does Lewis, IA rate as a rental market?

Lewis, IA rates 3.0/5 for investability. With median values at $166K and rents near $864/mo, the market offers reasonable fundamentals for rental investors.

Is it easy to find good tenants in Lewis, IA?

Tenant demand in Lewis, IA is solid. The local workforce $864/mo rents across most rental classes.

What are rental rates like in Lewis, IA?

Average rent in Lewis, IA is approximately $864/mo per month. Against $166K home values that yields a reasonable rent-to-price ratio.

Does house hacking make sense in Lewis, IA?

House hacking works a challenging in Lewis, IA. Rents of $864/mo against $166K acquisition make the strategy solid for owner-occupants.

Are there empty rentals in Lewis, IA?

Lewis, IA sees elevated vacancy, which is reasonable relative to the broader IA rental market.

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