Real Estate Investing in Paton, Iowa

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1 ZIP codes • Population: 474 • Greene County

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

🏠 For Homebuyers
MIXED
Grade C (65/100)

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

📈 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
  • High vacancy: 16.2% of homes vacant — above national norms.

What’s happening in Paton, IA?

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3.0/ 5

Investability

Citywide average

4.0/ 5

Appreciation

8.0% 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 $207,294
Avg Monthly Rent $837
ZIP Codes 1

Investing in Paton Real Estate

With a sizable population across 1 ZIPs, Paton shows the kind of subdued fundamentals that keep most out-of-state capital on the sidelines.

The investment case for Paton 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.

Market conditions in Paton are thin. 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 Paton — soft income growth, high rent burden, population shifts — are among the reasons the ★★★☆☆ rating sits where it does.

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Best ZIP codes in Ames, IA

Paton 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
$207,294
Avg Monthly Rent
$837
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 Paton, IA

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Frequently Asked Questions About Paton, IA

Should investors consider Paton, IA?

With a 3.0/5 investability score, Paton, IA ranks as a solid market for rental property investors. Median prices of $207K and rents of $837/mo drive the underlying numbers.

What real estate strategy is ideal for Paton, IA?

Paton, IA investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($207K prices, $837/mo rents) make it a reasonable choice.

What do rentals go for in Paton, IA?

Rental rates in Paton, IA average $837/mo. Tenant demand and $207K home values make the yield look reasonable by investor standards.

Do landlords face vacancy issues in Paton, IA?

Rental vacancy in Paton, IA is elevated. Investors should budget normal turnover but not chronic empty units.

Is Paton, IA a friendly market for rental owners?

Paton, IA falls under IA landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.

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