Rent vs Buy in Iowa
Compare 3 cities across Iowa. Find out whether renting or buying makes more financial sense in your area.
3cities analyzed
Avg Home:$230,000
Avg Rent:$1,267/mo
Avg Price/Rent:15.3
Iowa Housing Market Summary
3
Cities Analyzed
2
Favor Buying
0
Favor Renting
1
Toss-Up
Across Iowa's 3 analyzed cities, the majority (2 cities) favor buying over renting. This suggests Iowa generally offers good value for homebuyers.
The average home price in Iowa is $230,000, with average rents at $1,267/month. This gives an average price-to-rent ratio of 15.3.
$Most Affordable Cities
$$Most Expensive Cities
All Iowa Cities
Sorted by population. Click any city for detailed analysis.
| City | Median Price | Median Rent | Price/Rent | Break-even | Verdict |
|---|---|---|---|---|---|
| Des Moines | $215,000 | $1,300 | 13.8 | 4 yrs | Buy |
| Cedar Rapids | $245,000 | $1,150 | 17.8 | 7 yrs | Toss-up |
| Davenport | $230,000 | $1,350 | 14.2 | 6 yrs | Buy |
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