At Ellsbury Commercial Group, we’re excited to announce our expansion into the State of Iowa with a fully licensed brokerage operation — our latest milestone in establishing a meaningful Midwest footprint.
With existing licensed offices in Illinois, Indiana, Michigan, Ohio, and now Iowa, this expansion reinforces our commitment to serving investors and clients with local expertise and regional reach in one of America’s most dynamic real estate markets.
Why Iowa? A Strategic Expansion Based on Success and Market Potential
Over the past several years, Ellsbury Commercial Group has seen notable success in Iowa, especially across multifamily transactions and investor interest. This sustained success has positioned us to deepen our presence and better serve clients who are actively evaluating opportunities throughout the state.
“We’ve had success over the past few years with large multifamily deals in Iowa, and know now is the right time to expand our abilities in a state we’ve studied extensively and feel good about its future,”
— Tariq Suboh, Managing Director and Partner at Ellsbury Commercial Group
Our expansion reflects confidence in Iowa’s investment fundamentals — a market that continues to draw interest for its affordability, rental demand, and diverse economic base.
Iowa Real Estate: A Balanced Opportunity for Investors
While the national real estate landscape evolves, Iowa’s market presents a blend of long-term stability and emerging growth pockets that are resonating with investors:
Multifamily and Rental Strength
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Average rental yields of 8–12% for well-positioned properties across the state
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Vacancy rates often remaining below 5% during peak seasonal demand
These metrics appeal strongly to income-focused investment strategies.
Affordability and Price Momentum
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Median home values well below many U.S. metros
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Markets like Cedar Rapids and Davenport showing steady price appreciation
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Attractive entry points for investors balancing cash flow with capital growth
Iowa’s housing affordability remains a major draw.
Cedar Rapids: A Growing Second-Tier Midwest Market
As Iowa’s second-largest city and a key economic hub of Eastern Iowa, Cedar Rapids offers compelling fundamentals for investors:
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Median home prices around $214,900, with modest year-over-year growth supporting residential appreciation
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Median rent around $1,000 per month, underscoring consistent rental demand
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National recognition for affordable housing and job opportunities, including rankings for quality of life and economic prospects
Cedar Rapids is also noted for strong labor force participation and employment resilience, helping support housing demand and investor confidence.
The broader metro area exhibits a balanced blend of affordability, livability, and economic activity — characteristics that continue to draw both local residents and out-of-state capital.
Davenport: Solid Growth in the Quad Cities
Within the Quad Cities region, Davenport, Iowa has demonstrated steady housing market growth and investor interest:
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Home values increased nearly 10–12% year-over-year in recent data
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Median rents and active rental listings support a durable investment case
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Rental demand outpacing supply in multifamily
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Projected cap rates in the 6–8% range for well-located properties
These trends make Davenport a promising market for investors focused on both yield and long-term appreciation.
Looking Ahead
Our expansion into Iowa positions Ellsbury Commercial Group to provide enhanced advisory services across a growing and promising real estate market.
Whether clients are focused on multifamily acquisitions, industrial portfolios, hospitality assets, or emerging opportunities in secondary metros like Cedar Rapids and Davenport, our local licensing and market knowledge provide a foundation for success.
Ellsbury Commercial Group remains committed to helping investors capitalize on the right opportunities — with disciplined analysis, strategic insight, and a partnership mindset that aligns with long-term investment goals.
