Boone, IA

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

Performance indicators for the Boone short-term rental market based on reliable data.

Listings

58 / 91

Reliable / Active

Cap Rate

7%

Middle-Earners Gross Yield

Revenue

$14,401

Middle-Earners Revenue

Occupancy

57%

Middle-Earners Occupancy

Home Value

$214,548

Median Home Sale Price

Top Earners

$39,108

Top-Earners Revenue

Boone

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Boone.

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B

Generally Investor friendly

Boone Regulations

STRs are explicitly allowed citywide; no caps or zone limits are noted. Permitting requires registration, an annual self-inspection and program, moderate fees, fire/life safety upgrades, and inspection cycles tied to compliance, but it’s a known, manageable process with clear appeals. The biggest risk is permit invalidity if occupancy does not meet the “family” definition.

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About Boone

Boone is a small city in central Iowa that serves as the county seat of Boone County, with a population of roughly 12,000 residents. The community has a friendly, small-town Midwestern character, anchored by a walkable historic downtown, tree-lined residential streets, and an economy historically tied to the railroad and surrounding farmland. Today, Boone is best known as a convenient gateway to several of central Iowa's most popular outdoor and historical destinations, and as the closest sizeable town to a number of state and county parks. It sits about 50 miles northwest of Des Moines, the state's capital and largest city, making it a reasonable drive-in-and-drive-out stop for visitors exploring the region.

A short drive south of town brings visitors to the Boone & Scenic Valley Railroad, one of Iowa's most popular heritage railway experiences. The railroad runs excursion trains through the Des Moines River valley, including routes that pass by the remains of the historic coal mining town of Fraser, and it draws families and rail enthusiasts throughout the warmer months. Trains depart from downtown Boone, making the operation essentially a walkable attraction for anyone staying in the city.

Just a few miles west of Boone lies Ledges State Park, a 1,600-acre park known for its dramatic sandstone outcroppings, narrow canyon trails, and shaded Des Moines River overlooks. The park is one of the most visited in Iowa, especially for camping, picnicking, and hiking, and its proximity to Boone makes it a natural day trip for guests looking to spend time outdoors without a long drive.

History-minded travelers often visit the Mamie Eisenhower Birthplace, a modest house museum in Boone that commemorates the early life of the former First Lady, who grew up in the area before her father moved the family to Abilene, Kansas. The site, operated as part of the Iowa History connection, draws visitors interested in presidential and First Lady history, and it complements the broader heritage feel of the community.

The Iowa Arboretum, located between Boone and the nearby town of Madrid, offers a different kind of outing, with themed gardens, native prairie collections, and walking paths set across several hundred acres. It tends to be a quieter, more contemplative stop that pairs well with a weekend spent exploring the Boone area.

Boone makes a compelling base for short-term rentals because it combines small-town affordability and charm with direct access to some of central Iowa's strongest draws. Guests can spend the morning hiking the Ledges, the afternoon riding the scenic railroad, and the evening dining in the historic downtown, all without battling the larger crowds of Des Moines or Ames. That blend of convenience, outdoor recreation, and historic character gives the city year-round appeal for travelers seeking a relaxed Iowa experience.

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