Real Estate Investing in Waukon, Iowa

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

1 ZIP codes • Population: 5,986 • Allamakee County

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

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

Solid choice — values are growing steadily and the market is stable enough to buy with confidence.

📈 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
  • Elevated vacancy: 10.4% vacancy may signal weakening demand.

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3.0/ 5

Investability

Citywide average

4.0/ 5

Appreciation

7.5% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.95% as of Sep 17 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $247,984
Avg Monthly Rent $891
ZIP Codes 1

Investing in Waukon Real Estate

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

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

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

Waukon's population trends and income levels suggest a market where affordability is strained, which constrains how aggressively rents can rise without hurting collections.

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

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Avg Home Value
$247,984
Avg Monthly Rent
$891
1% Rule
✗ Below
Landlord Friendly (IA)

ZIP Codes in Waukon, IA

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Filter Waukon’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 Waukon, IA

Is Waukon, IA landlord-friendly?

IA ranks as a landlord-friendly state for landlord-tenant law. Waukon generally follows the statewide framework, so landlords face reasonable operating rules.

What kind of tenants rent in Waukon, IA?

Waukon, IA offers a stable renter base at the $891/mo rent level. Tenant turnover is reasonable for well-managed properties.

What is the typical home price in Waukon, IA?

Homes in Waukon, IA typically sell near $248K. Prices have moved at a 0.0% 5-year CAGR, which predictable long-term demand.

What approach is best for Waukon, IA real estate?

Investors who focus on careful cash-flow rentals with hands-on management typically do well in Waukon, IA. The numbers - $248K homes against $891/mo rents - support that play.

What kind of market is Waukon, IA for investors?

Investors tracking Waukon, IA will find a 3.0/5 rating supported by $248K median home values and $891/mo rents. That profile suits long-term holders targeting steady returns.

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