Real Estate Investing in Wapello County, Iowa

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

4 ZIP codes • Population: 33,214

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

🏠 For Homebuyers
GOOD FIT
Grade B (70/100)

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

πŸ“ˆ 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
  • Elevated vacancy: 10.3% vacancy may signal weakening demand.

What’s happening in Wapello County, IA?

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3.0/ 5

Investability

County-wide average

3.0/ 5

Appreciation

6.7% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

Avg Investability β˜…β˜…β˜…β˜…β˜…
Avg Home Value $167,211
Avg Monthly Rent $863
ZIP Codes 4

Investing in Wapello County Real Estate

Wapello County (IA) covers 4 ZIPs and 3 municipalities. unambiguously the fundamentals here skew distressed, and both rent and price trends have been soft across most of the geography.

Wapello is the kind of county where the cap rate on paper and the cap rate realized tend to diverge. unambiguously out-of-state capital should be especially careful with carry-in assumptions.

Population dynamics in Wapello haven't been supportive. less favorable for combined with underwhelming income growth, the demographic backdrop complicates any purely financial underwriting.

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

Real numbers from people who own or manage rentals in Wapello County, IA. Anonymous, moderated, never written by AI.

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Avg Home Value
$167,211
Avg Monthly Rent
$863
1% Rule
βœ— Below
Landlord Friendly (IA)
β˜…β˜…β˜…β˜…β˜…

πŸ“‰ Market Crash Risk Index

Based on Ottumwa, IA metro

3/10
Moderate Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
3/3
79%
Days Pending
0/2
0 days

View all metro crash risk rankings β†’

πŸŽ“ Colleges & Universities in Wapello County

1 College 3,236 Students 1,006 Off-Campus Renters
C+
Indian Hills Community College
2-Year Public Β· 3,236 students
πŸ“ ~1,006 students rent off-campus

Investor Insight: With 1,006 students living off-campus, Wapello County has substantial rental demand from the college population β€” typically stable, lease-renewing tenants.

Cities in Wapello County

ZIP Codes in Wapello County, IA

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Filter this county’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo). Add weekly alerts when these markets move with Investor Pro+.

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Frequently Asked Questions About Wapello County

How strong are rents in, IA?

Investors in, IA typically see rents near $863/mo per month against $167K home values - a solid setup for rental cash flow.

How should investors approach, IA?

Most investors in, IA run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.

How does, IA stack up for property investment?

Yes -, IA a 3.0/5 investability score. With $167K home prices against $863/mo monthly rent, the market delivers a reasonable entry point for new investors.

How qualified is the tenant pool in, IA?

The tenant pool in, IA is solid, supported by local employment and population fundamentals. Rents of $863/mo are well-absorbed by the market.

Community Ratings

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