Independence, IA

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

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

Listings

15 / 22

Reliable / Active

Cap Rate

9%

Middle-Earners Gross Yield

Revenue

$19,774

Middle-Earners Revenue

Occupancy

57%

Middle-Earners Occupancy

Home Value

$221,492

Median Home Sale Price

Top Earners

$33,722

Top-Earners Revenue

Independence

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Independence.

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B

Generally Investor friendly

Independence Regulations

STRs are allowed in Independence with a straightforward zoning permit and adherence to Iowa’s 30‑day rule; no city caps or bans were identified and compliance is a known process.

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About Independence

Independence is a small city in Buchanan County in northeastern Iowa, with a population of approximately 6,000 residents. It serves as the county seat and sits along the Wapsipinicon River, giving the town a quiet, traditional Midwestern character anchored by a walkable historic downtown. The community has long functioned as a regional hub for the surrounding agricultural area and offers visitors a relaxed pace, tree-lined streets, and the kind of locally owned shops, diners, and cafes that define small-town Iowa. It lies roughly 35 to 40 miles north of Cedar Rapids, the nearest major city, and about 60 miles northeast of the Waterloo–Cedar Falls metropolitan area, placing it within easy reach of larger amenities while retaining a distinctly rural feel.

The Wapsipinicon River is the defining natural feature of Independence, winding through the city and providing opportunities for fishing, kayaking, and riverside walks. Several city parks line its banks, and the river gives the town much of its scenic identity. The river corridor is a natural draw for visitors seeking a calm outdoor experience without venturing far from the downtown core.

To the northeast, the town of Dyersville is home to the famous Field of Dreams movie site, an attraction that draws baseball fans and film lovers from across the country. The site features the original white farmhouse, the iconic cornfield ball diamond, and a visitor complex, and it sits roughly 40 miles from Independence, making the city a reasonable secondary base for travelers combining a small-town Iowa stay with a pilgrimage to the filming location.

South of Independence, the larger Cedar Rapids area offers urban attractions, including the National Czech & Slovak Museum, the Cedar Rapids Museum of Art, and the Indian Creek Nature Center, all within about an hour's drive. Eastern Iowa's rolling farmland and the gently bluffed Wapsipinicon valley also lend themselves to scenic drives, cycling, and antiquing trips through neighboring small towns.

Independence works well as a short-term-rental base for travelers who want an authentic slice of small-town Iowa within striking distance of the region's marquee attractions. Its central location between Cedar Rapids and the Field of Dreams site, combined with its riverside setting and historic downtown, gives guests a quiet home base with enough variety nearby to fill a long weekend of exploring northeastern Iowa.

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