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Market MapIowaPolk

Polk County

IowaPopulation: 493,378Des Moines, IA Metro
59
/100
Hold
#359 of 1,000 counties
#88 in Iowa (99 counties)

Market Snapshot

$272,454
Median Home Price
17% above national median
$1,193/mo
Median Rent
21% below national median
5.26%
Rent-to-Price Ratio
Top 68% nationally
-$653
Est. Monthly Cash Flow
With 20% down at 6.9% rate

Price History

Historical data from Zillow ZHVI/ZORI

Quick Investment Calculator

20%
5%50%100%

Purchase

Purchase Price$272,454
Down Payment (20%)$54,491
Loan Amount$217,963
Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,193
Monthly P&I-$1,428
Est. Expenses (35%)-$418
Net Cash Flow-$653/mo
3.4%
Cap Rate (all cash)
-12.5%
Cash-on-Cash Return
5.26%
Rent-to-Price Ratio
Negative leverage: At 6.85% rates, borrowing costs exceed the 3.4% cap rate. All-cash buyers may see better returns.

* Based on county median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Actual results vary by property.

Run Full AnalysisTry House Hack Strategy

Score Breakdown

Overall Investment Score
59/100
59
Cash Flow(30%)
49/100

Based on 5.26% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)
65/100

Based on 1.5% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)
50/100

Population data not available.

Affordability(20%)
78/100

Price-to-income ratio of 3.5x. Lower ratios indicate more affordable markets.

Scores are calculated using real Zillow home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. Markets with missing rent data use estimated values based on regional averages.

Investment Outlook

Strengths

  • +Affordable relative to local incomes
  • +Complete rent data available

Challenges

  • -Below-average rent-to-price ratio (5.26%)
  • -Negative cash flow at typical financing (-$653/mo)
  • -Negative leverage (cap rate 3.4% < mortgage rate 6.9%)

Economic Indicators

Population
493,378
Median Income
$78,827
vs $57,018 national est.
Unemployment Rate
—
Data pending
Price-to-Income
3.5x
Moderately affordable

Compare to Nearby Counties

CountyVerdict
Van BurenIA
61$169,150Est. pending—BuyView
LeeIA
60$116,698Est. pending—BuyView
CurrentPolkIA
59$272,454$1,1935.26%Hold
MarionIA
59$261,757$9584.39%HoldView
AppanooseIA
58$111,484Est. pending—HoldView
BremerIA
58$249,927$7003.36%HoldView

The Bottom Line

HoldPolk is a neutral market. Consider house hacking or targeting below-market deals.

Polk County in Iowa scores 59/100, ranking #359 of 1,000 US counties (top 47%). The 5.26% rent-to-price ratio may require creative strategies or below-market purchases for positive cash flow. Current market conditions make traditional buy-and-hold investing challenging. Consider house hacking, value-add strategies, or all-cash purchases.

Monthly Cash Flow
$-653/mo
Cap Rate
3.4%
Cash-on-Cash
-12.5%

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