Oskaloosa, IA

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

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

Listings

18 / 50

Reliable / Active

Cap Rate

11%

Middle-Earners Gross Yield

Revenue

$22,140

Middle-Earners Revenue

Occupancy

52%

Middle-Earners Occupancy

Home Value

$194,211

Median Home Sale Price

Top Earners

$37,455

Top-Earners Revenue

Oskaloosa

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Oskaloosa.

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B

Generally Investor friendly

Oskaloosa Regulations

STRs are explicitly allowed citywide within Iowa’s pro-STR state framework, with no special caps or zones targeted at STRs; compliance follows the standard rental housing inspection program with moderate fees ($20/unit plus $100+$40) and predictable inspection cycles (3 years standard), creating a manageable known process rather than a deterrent.

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About Oskaloosa

Oskaloosa is a small Midwestern city in southeastern Iowa, serving as the county seat of Mahaska County. With a population of roughly 11,000 residents, it carries the unhurried pace and friendly demeanor typical of Iowa's smaller county seats, anchored by a historic downtown square and a strong sense of community. The city is perhaps best known as the home of William Penn University, a private liberal arts institution that brings a steady stream of visitors, events, and prospective families throughout the year. Oskaloosa is also considered a gateway to the rolling farmland and quiet recreational landscapes of south-central Iowa. The nearest major city is Des Moines, the state capital, which lies approximately 65 miles to the northwest and is reachable in just over an hour by car.

Just a few miles east of town, Lake Keomah State Park offers a peaceful retreat centered on a 78-acre lake surrounded by woodlands and prairie. Visitors can fish for bass, catfish, and panfish, paddle across the calm water, or hike the short loop trails that wind through the surrounding landscape. The park's shaded campground and picnic areas make it a popular local gathering spot, particularly in summer. Its close proximity to Oskaloosa makes it an easy side trip for travelers staying in the area who want a low-key outdoor experience.

For those interested in local history, the Nelson Pioneer Farm and Museum, operated by the Mahaska County Historical Society, preserves a homestead dating back to the 1850s, complete with original log structures, heirloom gardens, and a wide-ranging collection of 19th-century artifacts. The site offers a tangible sense of pioneer life on the Iowa prairie and frequently hosts school groups, seasonal events, and living-history demonstrations. It sits just a short drive from the city center, making it accessible for a half-day visit.

Wider regional excursions are also within reach. The town of Pella, famous for its Dutch heritage, tulip festival, and traditional architecture, is roughly 25 miles to the northwest, while the Amana Colonies, a historic communal settlement known for its craft shops, wineries, and family-style restaurants, lie about 90 miles to the northeast. Closer to home, the city square itself remains a draw, with locally owned shops, the stately Mahaska County Courthouse, and a calendar of community events that fill the warmer months.

Oskaloosa offers short-term rental investors a distinctive kind of opportunity. Its combination of small-town affordability, a year-round flow of university-related visitors, proximity to Lake Keomah and the wider south-central Iowa recreation scene, and easy access to Des Moines gives it broad appeal. Travelers who appreciate quiet Midwestern character, outdoor escapes, and historic small cities will find a comfortable and authentic base here.

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