Two markets side by side — inventory, pricing, and what you actually pay per dollar of cash flow, from live Waterfall data.
Iowa has 131% more businesses on the market than South Dakota (201 vs 87). Iowa is cheaper at the median asking price. Iowa trades at a lower multiple (2.8× vs 3.5×), meaning you pay less per dollar of cash flow there.
| Metric | Iowa | South Dakota |
|---|---|---|
| Active listings | 201 | 87 |
| Median asking | $440,000 | $500,000 |
| Median cash flow | $156,138 | $143,297 |
| Typical multiple | 2.8× | 3.5× |
| Owner-earnings yield | ~35% | ~29% |
| Median revenue | $737,172 | $718,167 |
See the full Iowa market or the South Dakota market, or set a Buy Box across both and let the matches come to you.
Turn on the Waterfall, set your thesis, and see the deals that fit — in Iowa, South Dakota, or anywhere.