Rent to own Homes in Indianola, IA
Founded in 1849, Indianola is the county seat of Warren County, Iowa. With a population estimated at 14,782 in 2010, the city has a small town feel with the amenities of a large city. As the home of the annual National Balloon Classic, the city enjoys the fruits of an annual festival that draws visitors from all over the country. Beautiful landscapes, fun activities and festivals are what make Indianola a great place to call home.
Indianola, IA is a great place for affordable rent-to-own homes! With a median household income of over $62,761 and a median rent of $810, the Indianola, IA rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Indianola, IA. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
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Rent to own Homes in Cities Near Indianola, IA
- Adel
- Alleman
- Altoona
- Ames
- Ankeny
- Bevington
- Bondurant
- Boone
- Booneville
- Bouton
- Cambridge
- Carlisle
- Clive
- Cumming
- Dallas Center
- Des Moines
- De Soto
- Elkhart
- Granger
- Grimes
- Huxley
- Johnston
- Kelley
- Luther
- Madrid
- Martensdale
- Minburn
- Norwalk
- Patterson
- Perry
- Pleasant Hill
- Polk City
- Prole
- Saylorville
- Sheldahl
- Slater
- Spring Hill
- Urbandale
- Van Meter
- Waukee
- West Des Moines
- Windsor Heights
- Woodward
Neighborhoods in Indianola, IA
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No zip codes foundBuying a Home in Indianola, IA
Indianola, IA is seeing rapid growth and Indianola, IA's' housing market remains optimal with an average home price that is -23% below the 2025 national average. Indianola, IA is part of Warren county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2025 for county Warren is 1.47% which is above the national average, which is 0.99%.
Median Home Price in Indianola, IA
Median Rent in Indianola, IA
Top 6 Reasons to Live in Indianola, IA
Hot air balloon festival! The city comes alive during the annual nine-day National Balloon Classic Air Balloon show held in Indianola every summer. Live bands, food, fireworks, morning and night hot air balloon rides and the Nite Glow Extravaganza make this festival a must see for anyone living in the area. Balloon enthusiasts will enjoy visits to the city's National Hot Air Balloon Museum and the U.S. Ballooning Hall of Fame.
Visit the beautiful Arboretum! Donated to the city in 1906 by William and Francis Buxton, the Buxton Park Arboretum is a beautiful botanical garden and arboretum. Stroll along the gorgeous trails and visit the fountain, flower beds and the gazebo. The Park is located at the intersection of West Girard Avenue and North Buxton Street.
Great city for renters! Over 35 percent of residents rent in Indianola. Newcomers who prefer a rent to own property or a short term lease will find what they're looking for in the city. With rental rates hovering around $680, living in Indianola is affordable. Popular neighborhoods include Ackworth, Lacona, West Iowa Avenue and Simpson College.
Plenty of rich entertainment! Visit the Summerset Winery for some delicious wine. The winery hosts weddings and corporate events and offers public tastings Tuesday through Sunday. For a nice night on the town, stop by the Brickhouse Tavern for some delicious food before heading over to the Paramount 7 Theater to catch a late movie.
Enjoy the great outdoors! Head over to the Lake Ahquabi State Park for swimming, boating or fishing, or enjoy the scenic hiking and cross-country skiing trails. Hit a few balls on the softball fields or enjoy a picnic near the pond at the Pickard Recreation Area.
Rising appreciation rates! With appreciation rates rising 3.6 percent in the past year and 7 percent in the past two years, there has never been a better time to buy your own home in Indianola. The neighborhoods of Lacona, City Center and Ackworth have seen the highest appreciation rates over the past few years.
