Des Moines, Iowa, often flies under the radar compared to other coastal investment hotspots. But, when you scratch beneath the surface, you'll find this dynamic city with a thriving economy, stable housing market, and a surprisingly cool vibe, making it an interesting and potentially lucrative real estate investment focus.
Boasting an approachable cost of living, the median home price in this city of around 214,000 people hovers comfortably below the $220,000 price point. This affordability extends to rent, making it a landlord's dream. The average rent in Des Moines sits regularly above $1,000, translating to healthy rental yields and consistent cash flow.
Des Moines has no problem attracting individuals and families, because it offers a surprisingly high quality of life. It’s also a city that has become a hotbed for innovation. Major players like Principal Financial Group and Wells Fargo call the city home, while a burgeoning tech scene fosters entrepreneurship and attracts a skilled workforce. This Midwestern city isn’t just a good place to invest; it's a welcoming community for investors of all levels, absolutely worthy of a closer look.
Popular Streets in Des Moines, Iowa
12th St82432$215,0741,927 Sq.Ft.6/6/202513th St66631$189,3341,538 Sq.Ft.6/4/202514th St1,38331$204,6307,523 Sq.Ft.6/6/202529th St81632$257,8663,900 Sq.Ft.6/2/20257th St91532$220,4762,797 Sq.Ft.5/20/20258th St82731$185,2282,583 Sq.Ft.5/30/20259th St97832$222,6165,364 Sq.Ft.6/6/2025County Line Rd67632$302,7705,157 Sq.Ft.11/13/2024Grand Ave1,25422$303,52511,912 Sq.Ft.6/3/2025Walnut St68221$221,6029,092 Sq.Ft.6/2/2025All Streets in Des Moines, Iowa
35th Ct6532$260,4311,483 Sq.Ft.6/5/202535th St43032$279,3011,881 Sq.Ft.5/4/202536th Ct16731$180,8531,064 Sq.Ft.4/14/202536th Pl1131$230,8181,320 Sq.Ft.7/19/202336th St50131$241,9101,456 Sq.Ft.5/29/202537th Ct11331$174,311970 Sq.Ft.3/12/202537th St52232$286,4561,730 Sq.Ft.6/9/202538th Ave3431$218,8241,276 Sq.Ft.1/22/202438th Ct14531$199,8611,109 Sq.Ft.5/29/202538th Pl4133$502,1952,629 Sq.Ft.6/13/202338th St60331$245,2541,579 Sq.Ft.5/29/202539th Ave3931$217,0261,253 Sq.Ft.1/29/202539th Ct15631$211,3661,423 Sq.Ft.5/13/202539th Pl3831$258,5001,539 Sq.Ft.9/30/202439th St46231$241,5811,422 Sq.Ft.5/21/202540th Ave831$216,5711,712 Sq.Ft.3/26/202140th Ct13831$206,0001,271 Sq.Ft.6/6/202540th Pl15531$251,8291,421 Sq.Ft.6/5/202540th St55831$253,0751,482 Sq.Ft.6/3/202541st Ave1421$226,1431,299 Sq.Ft.1/9/202541st Ct7631$212,8241,211 Sq.Ft.4/18/202541st Pl4932$311,9571,684 Sq.Ft.5/27/202541st St43331$253,7871,485 Sq.Ft.5/8/202542nd Ct3431$230,3821,302 Sq.Ft.11/30/202442nd Pl821$192,500682 Sq.Ft.6/1/202242nd St48732$314,4132,890 Sq.Ft.4/24/202543rd Ave7921$201,7141,214 Sq.Ft.4/9/202543rd Ct11432$275,2781,637 Sq.Ft.5/22/202543rd Pl2221$197,4381,870 Sq.Ft.6/10/202543rd St28832$322,2401,865 Sq.Ft.5/31/202544th Ave7631$219,1711,997 Sq.Ft.5/28/202544th Ct2222$265,6361,494 Sq.Ft.12/17/202144th Dr4231$215,5951,254 Sq.Ft.5/8/202544th Pl3932$312,0791,972 Sq.Ft.11/30/202344th St33932$327,8381,801 Sq.Ft.6/4/202545th Ave832$265,1432,475 Sq.Ft.10/30/202045th Ct2931$229,6901,353 Sq.Ft.5/21/202545th Dr2021$198,0501,034 Sq.Ft.11/19/202445th Pl4121$214,2781,519 Sq.Ft.5/27/202545th St34832$304,3691,748 Sq.Ft.5/16/202546th Ave12331$218,70612,226 Sq.Ft.12/17/202446th Pl5721$211,3531,439 Sq.Ft.10/8/202446th St46232$288,8861,814 Sq.Ft.5/28/202547th Ave931$235,4441,309 Sq.Ft.3/7/202547th Ct132$350,0002,012 Sq.Ft.N/A47th Pl3621$209,7782,503 Sq.Ft.11/26/202447th St38932$275,7711,530 Sq.Ft.5/23/202548th Ave631$180,1671,128 Sq.Ft.3/17/202548th Pl22231$235,0591,850 Sq.Ft.5/16/202548th St45732$278,6581,801 Sq.Ft.6/11/202549th Ave1931$206,8951,234 Sq.Ft.9/22/202249th Pl7532$246,7542,549 Sq.Ft.5/27/202549th St28032$320,5351,931 Sq.Ft.5/21/202550th Ave2931$258,0003,154 Sq.Ft.1/10/202550th Ct5733$362,2111,722 Sq.Ft.5/20/202550th Pl5031$215,8441,750 Sq.Ft.12/31/202450th St43032$260,9492,422 Sq.Ft.5/29/202551st Ave5531$238,0837,334 Sq.Ft.3/17/202551st Ct4831$195,8131,073 Sq.Ft.3/14/202551st Pl5032$206,9567,109 Sq.Ft.1/29/202551st St34232$308,8471,613 Sq.Ft.6/4/202552nd Ave7832$267,8922,119 Sq.Ft.6/6/202552nd Ct4831$223,5421,226 Sq.Ft.1/9/202552nd St30332$285,1221,552 Sq.Ft.3/28/202553rd Ave521N/A31,616 Sq.Ft.9/28/202053rd Ct11332$249,8131,434 Sq.Ft.5/2/202553rd St25731$249,6711,487 Sq.Ft.6/5/202554th Ave9731$286,2134,700 Sq.Ft.2/14/202554th Ct423$348,7502,848 Sq.Ft.11/23/202054th Pl1531$278,7331,552 Sq.Ft.6/23/202354th St22132$262,9951,481 Sq.Ft.5/24/202555th Ave1331$248,9002,232 Sq.Ft.6/8/202355th Pl831$218,3751,054 Sq.Ft.6/14/202255th St21131$246,6921,393 Sq.Ft.5/21/202556th Ave1431$250,0712,382 Sq.Ft.11/13/202456th Pl1521$190,462963 Sq.Ft.2/7/202556th St50631$271,6272,094 Sq.Ft.5/20/202557th Ave2032$442,3502,117 Sq.Ft.3/6/202557th Pl12331$250,6391,419 Sq.Ft.6/4/202557th St34921$210,1041,212 Sq.Ft.5/21/202558th Ave4532$457,14820,211 Sq.Ft.8/27/202458th Dr1632$312,9381,872 Sq.Ft.7/10/202258th Pl2533$409,9202,263 Sq.Ft.8/2/202458th St11032$293,3451,728 Sq.Ft.5/15/202559th St25431$242,9881,328 Sq.Ft.5/13/202560th Ave7332$360,4674,092 Sq.Ft.5/9/202560th St20931$227,2461,230 Sq.Ft.5/29/202561st Ave242$307,5002,014 Sq.Ft.9/28/202061st Pl3N/AN/AN/A34,000 Sq.Ft.4/8/202161st St25721$225,0541,982 Sq.Ft.5/21/202562nd Pl132$267,0001,935 Sq.Ft.10/16/202362nd St28631$233,9821,385 Sq.Ft.5/30/202563rd Pl1233$509,6672,524 Sq.Ft.1/18/202463rd St15332$279,5363,754 Sq.Ft.5/24/202564th Ave2033$405,1001,515 Sq.Ft.5/21/202564th Pl331$260,0001,658 Sq.Ft.4/20/202064th St3832$285,5531,616 Sq.Ft.4/8/202564th Way1N/AN/AN/A44,200 Sq.Ft.10/19/201665th Ave621$216,2502,433 Sq.Ft.5/30/202465th Ln1031$333,2001,525 Sq.Ft.11/3/2022528 2nd Ave #313Des Moines, IA 50309
Estimated Value $380,000
Living Area 1,600 SqFt
Beds 3
Baths 2.5
Year Built 2011
Property Type Townhouse
Ownership Type Multiple
APN 030/00540-203-000
Neighborhood Downtown Des Moines
School District Des Moines Independent Community School District
400 E Locust StDes Moines, IA 50309
Estimated Value $193,000
Living Area 207 SqFt
Beds 1
Baths 1
Year Built 2005
Property Type Residential General
Ownership Type Trust
APN 040/04251-017-002
Neighborhood Historic East Village
School District Des Moines Independent Community School District
853 E 2nd StDes Moines, IA 50309
Estimated Value $645,000
Living Area 2,218 SqFt
Beds 3
Baths 2.5
Year Built 2019
Property Type Townhouse
Ownership Type Related
APN 040/00245-100-013
Neighborhood Historic East Village
School District Des Moines Independent Community School District
907 E 9th StDes Moines, IA 50316
Estimated Value $171,000
Living Area 1,362 SqFt
Beds 4
Baths 2
Year Built 1889
Property Type Duplex 2 Units
Ownership Type Corporate
APN 040/04256-000-000
Neighborhood Capitol Park
School District Des Moines Independent Community School District
400 E Locust St #301Des Moines, IA 50309
Estimated Value $212,000
Living Area 935 SqFt
Beds 1
Baths 1
Year Built 2005
Property Type Residential General
Ownership Type Corporate
APN 040/04251-022-000
Neighborhood Historic East Village
School District Des Moines Independent Community School District
1415 4th StDes Moines, IA 50314
Estimated Value $216,000
Living Area 1,206 SqFt
Beds 2
Baths 1
Year Built 1900
Property Type Single Family
Ownership Type Individual
APN 080/08085-000-000
Neighborhood River Bend
School District Des Moines Independent Community School District
1517 7th StDes Moines, IA 50314
Estimated Value $144,000
Living Area 1,196 SqFt
Beds 3
Baths 1.5
Year Built 1999
Property Type Single Family
Ownership Type Multiple
APN 080/08061-000-000
Neighborhood River Bend
School District Des Moines Independent Community School District
1100 School StDes Moines, IA 50309
Estimated Value $192,000
Living Area 1,512 SqFt
Beds 3
Baths 2
Year Built 1894
Property Type Single Family
Ownership Type Related
APN 030/01695-096-000
Subdivision Grass Roots 1
School District Des Moines Independent Community School District
928 12th StDes Moines, IA 50309
Estimated Value $343,000
Living Area 1,372 SqFt
Beds 2
Baths 2.5
Year Built 2020
Property Type Townhouse
Ownership Type Corporate
APN 030/00732-100-012
Subdivision Cityview 49
School District Des Moines Independent Community School District
1402 7th StDes Moines, IA 50314
Estimated Value $185,000
Living Area 1,250 SqFt
Beds 3
Baths 1.5
Year Built 2007
Property Type Single Family
Ownership Type Multiple
APN 080/08031-000-000
Neighborhood River Bend
School District Des Moines Independent Community School District
920 Walker StDes Moines, IA 50316
Estimated Value $161,000
Living Area 866 SqFt
Beds 3
Baths 1
Year Built 1887
Property Type Single Family
Ownership Type Individual
APN 040/04261-000-000
Neighborhood Capitol Park
School District Des Moines Independent Community School District
1371 Pennsylvania AveDes Moines, IA 50316
Estimated Value $188,000
Living Area 1,272 SqFt
Beds 2
Baths 1.5
Year Built 1900
Property Type Single Family
Ownership Type Corporate
APN 110/01183-001-000
Neighborhood Capitol Park
School District Des Moines Independent Community School District
507 E Locust St #203Des Moines, IA 50309
Estimated Value $213,000
Living Area 609 SqFt
Beds 1
Baths 1
Year Built 2005
Property Type Residential General
Ownership Type Individual
APN 040/00614-007-000
Neighborhood Historic East Village
School District Des Moines Independent Community School District
214 Watson Powell Jr Way #409Des Moines, IA 50309
Estimated Value $346,000
Living Area 1,609 SqFt
Beds 3
Baths 2.5
Year Built 2011
Property Type Townhouse
Ownership Type Related
APN 030/00540-122-000
Neighborhood Downtown Des Moines
School District Des Moines Independent Community School District
309 E 5th St #307Des Moines, IA 50309
Estimated Value $224,000
Living Area 947 SqFt
Beds 2
Baths 1
Year Built 2008
Property Type Residential General
Ownership Type Related
APN 040/01710-011-000
Neighborhood Historic East Village
School District Des Moines Independent Community School District
1615 7th StDes Moines, IA 50314
Estimated Value $169,000
Living Area 1,428 SqFt
Beds 4
Baths 1.5
Year Built 1995
Property Type Single Family
Ownership Type Individual
APN 080/05215-000-000
Neighborhood River Bend
School District Des Moines Independent Community School District