Coon Rapids, IA

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

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

Listings

60 / 100

Reliable / Active

Cap Rate

10%

Middle-Earners Gross Yield

Revenue

$18,261

Middle-Earners Revenue

Occupancy

49%

Middle-Earners Occupancy

Home Value

$181,681

Median Home Sale Price

Top Earners

$34,638

Top-Earners Revenue

Coon Rapids

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Coon Rapids.

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C

Challenging to Investors

Coon Rapids Regulations

Coon Rapids technically permits short-term rentals, but the path is cloudy: STRs rely on generic rental housing provisions and zoning that can require special use permits in some areas, creating uncertainty around legality and compliance. Penalties for violations are significant ($65–$625 per offense), and while fees are not detailed, the burden of licensing, inspections, and risk of municipal infractions discourages investment.

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About Coon Rapids

Coon Rapids is a small city in west-central Iowa, straddling the boundary between Carroll and Audubon counties, with a population of roughly 1,300 residents. It has the quiet, close-knit feel of a long-established rural community, set among the rolling farmland of the Raccoon River Valley. The town is best known for a distinctive smiling water tower that has become something of a regional icon, and it serves as a useful gateway to several outdoor destinations in Guthrie County and beyond. The nearest major city is Des Moines, the state capital, located approximately 90 miles to the southeast.

Among Coon Rapids' most photographed features is the Smiley Face Water Tower, a brightly painted roadside landmark at the heart of town. The cheerful yellow tower, decorated with a wide grin, has earned a spot on lists of quirky Americana and draws travelers passing along US Highway 141. It is a quick stop rather than a half-day outing, but the novelty of the structure and its small-town setting make it a memorable photo stop for visitors exploring the lighter side of rural Iowa.

Just a short drive to the south and west of town lies the Whiterock Conservancy, one of the largest private land-conservation projects in Iowa. The conservancy encompasses thousands of acres of prairie, savanna, and woodland along the Middle Raccoon River, with miles of hiking and biking trails, a lake for fishing and non-motorized boating, and rustic cabins and campsites for overnight stays. It is a peaceful base for birdwatching, stargazing, and exploring the reconstructed prairie landscapes that once defined this part of the state, and it sits roughly 15 to 20 minutes from Coon Rapids by car.

To the east, Springbrook State Park offers another welcome stretch of Iowa outdoors. Located near Guthrie Center in Guthrie County, the park features a small lake, wooded hiking trails, a campground, and a network of paths that wind through the rolling terrain. About 25 minutes from Coon Rapids, it is a popular spot for fishing, kayaking, picnicking, and quiet evenings around a campfire, and it pairs naturally with a day spent exploring the conservancy or the surrounding small towns.

For short-term-rental owners, Coon Rapids offers an appealing combination of rural character, genuine quirk, and access to some of central Iowa's most rewarding outdoor spaces. Its location along US-141 and within easy driving distance of Whiterock Conservancy, Springbrook State Park, and the larger cultural amenities of the Des Moines metro area gives it a versatility that suits road-trippers, nature lovers, and travelers seeking an authentic slice of small-town Iowa.

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