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:$245,613
Avg Rent:$1,114/mo
Avg Price/Rent:18.4
Iowa Housing Market Summary
3
Cities Analyzed
0
Favor Buying
3
Favor Renting
0
Toss-Up
Across Iowa's 3 analyzed cities, the majority (3 cities) favor renting over buying. High home prices relative to rents make renting more financially attractive in much of Iowa.
The average home price in Iowa is $245,613, with average rents at $1,114/month. This gives an average price-to-rent ratio of 18.4.
$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 | $274,733.81 | $1,209.31 | 18.9 | N/A | Rent |
| Cedar Rapids | $228,475.48 | $1,071.84 | 17.8 | N/A | Rent |
| Davenport | $233,631.16 | $1,060.07 | 18.4 | N/A | Rent |
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