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
Timber Ln3631$229,6391,429 Sq.Ft.2/19/2025Timberwolf Ln833$386,1252,754 Sq.Ft.10/3/2017Titus Ave18632$228,4481,378 Sq.Ft.5/1/2025Tomlin Ln2031$216,7001,311 Sq.Ft.10/6/2024Tonawanda Dr2743$697,2804,019 Sq.Ft.10/8/2024Toni Dr332$641,00016,618 Sq.Ft.4/5/2018Tonka Ave4321$182,698931 Sq.Ft.4/17/2025Torgerson Dr2622$254,3851,364 Sq.Ft.4/9/2025Torgerson Ln1333$526,0772,516 Sq.Ft.7/1/2018Trisha Ave1631$228,2501,362 Sq.Ft.3/13/2025Trowbridge St5731$213,2281,308 Sq.Ft.5/16/2024Truber Pl531$228,2001,469 Sq.Ft.2/24/2022Tuttle St431N/A40,261 Sq.Ft.1/7/2020Twana Dr18232$276,8021,605 Sq.Ft.3/28/2025Union St40931$188,4501,499 Sq.Ft.5/30/2025University Ave50732$227,2747,436 Sq.Ft.4/29/2025University Ct241$196,5001,364 Sq.Ft.5/31/2013Urbandale Ave22132$262,5342,226 Sq.Ft.5/14/2025Urbandale Dr2N/AN/AN/A15,000 Sq.Ft.9/24/2008Ure St2021$166,471934 Sq.Ft.3/31/2025Us Highway 692N/AN/AN/A22,121 Sq.Ft.10/28/2021Valdez Ct12510$963,0009,690 Sq.Ft.3/26/2016Valdez Dr18432$288,2171,618 Sq.Ft.4/28/2025Vale St1921$152,706886 Sq.Ft.5/3/2024Valley Cir732$223,7141,502 Sq.Ft.5/4/2023Valley Dr5722$202,4041,285 Sq.Ft.5/12/2025Vandalia Rd20N/AN/AN/A83,693 Sq.Ft.12/18/2023Vermont St1521N/A3,148 Sq.Ft.2/4/2025Victoria Dr1421$193,5711,118 Sq.Ft.3/4/2025Villa Dr1932$220,9471,403 Sq.Ft.10/4/2024Village Run Ave8822$195,9891,362 Sq.Ft.11/4/2024Village Run Dr13722$238,5401,693 Sq.Ft.3/1/2025Villa Vista Dr2031$229,8421,369 Sq.Ft.2/11/2025Vilura Pkwy4332$258,3331,564 Sq.Ft.7/10/2024Vine St2631$150,6366,983 Sq.Ft.8/16/2023Virginia Ave23231$208,8912,025 Sq.Ft.6/2/2025Virginia Cir1931$196,1581,387 Sq.Ft.8/28/2023Virginia Pl2333$507,6093,177 Sq.Ft.9/28/2024Waco Ct533$445,6002,556 Sq.Ft.8/4/2022Wade St6531$179,0161,469 Sq.Ft.3/14/2025Wakonda Ct2032$361,9502,254 Sq.Ft.2/6/2025Wakonda Dr2432$320,7392,330 Sq.Ft.7/22/2024Wakonda Pkwy6132$252,4921,639 Sq.Ft.5/30/2025Wakonda View Dr2532$246,4351,652 Sq.Ft.9/29/2023Walker St13831$167,2571,787 Sq.Ft.4/15/2025Wallace Ln1032$318,7001,693 Sq.Ft.1/29/2025Wall Ave15831$205,3761,259 Sq.Ft.5/31/2025Walnut Hill Ave2832$456,4801,976 Sq.Ft.7/6/2022Walnut Hill Dr1032$400,2221,760 Sq.Ft.11/21/2024Walnut Ridge Dr2533$338,8402,065 Sq.Ft.4/8/2025Walnut St68221$221,6029,092 Sq.Ft.6/2/2025Warren Dr6732$228,6121,460 Sq.Ft.3/24/2025Washington Ave33821$174,6852,452 Sq.Ft.5/15/2025Waterbury Cir7242$483,1392,290 Sq.Ft.5/9/2025Waterbury Rd10743$644,8672,863 Sq.Ft.5/21/2025Water St3822$399,6576,647 Sq.Ft.4/16/2025Water Works Pkwy732$300,5001,513 Sq.Ft.1/2/2024Watrous Ave34232$226,7853,127 Sq.Ft.6/4/2025Watson Ave2632$208,6541,716 Sq.Ft.2/28/2025Watson Powell Jr Way2332$369,31311,341 Sq.Ft.6/2/2025Wauwatosa Dr833$449,6252,920 Sq.Ft.4/11/2025Waveland Ct1831$272,8331,461 Sq.Ft.9/11/2023Waveland Dr1332$318,4621,657 Sq.Ft.6/27/2022Waverly Dr1N/AN/A$289,000N/AN/AWayne St1921$136,750829 Sq.Ft.5/23/2023Wedgewood Rd4231$207,5262,528 Sq.Ft.2/27/2025Welbeck Rd1432$243,5832,198 Sq.Ft.4/30/2024Welker Ave7132$417,5922,078 Sq.Ft.5/30/2025Westover Blvd5032$254,2861,665 Sq.Ft.5/6/2025West St6621$178,6831,110 Sq.Ft.5/12/2025Westwood Dr1032$332,3001,605 Sq.Ft.12/19/2023Whispering Ridge Dr4732$294,3831,510 Sq.Ft.1/18/2025Williams St20232$205,5081,374 Sq.Ft.5/8/2025Willow Creek Ave622$268,50026,435 Sq.Ft.12/8/1997Willowmere Cir732$315,4291,893 Sq.Ft.10/23/2018Willowmere Dr4732$350,8105,964 Sq.Ft.1/8/2025Wilmers Ave3232$247,3751,526 Sq.Ft.9/20/2024Wilson Ave6831$186,7651,205 Sq.Ft.10/1/2024Windsor Ct2321N/A924 Sq.Ft.N/AWindsor Dr2232$411,7732,469 Sq.Ft.4/20/2025Windsor Pl293N/AN/AN/A4/14/2022Winegardner Rd3831$223,2891,488 Sq.Ft.7/22/2024Winona Ave4431$211,8571,524 Sq.Ft.1/10/2025Wisconsin Ave5532$283,6731,737 Sq.Ft.4/28/2025Witmer Pkwy932$403,0002,043 Sq.Ft.4/7/2025Witmer St1721$192,4711,184 Sq.Ft.7/18/2023Wolcott Ave10132$334,9802,092 Sq.Ft.5/30/2025Wolcott Cir2723$467,3462,621 Sq.Ft.4/1/2025Woodland Ave17232$397,9248,906 Sq.Ft.5/20/2025Woodland Rd3732$483,4052,453 Sq.Ft.7/22/2024Woodlawn Dr843$944,0004,041 Sq.Ft.8/25/2022Woods Dr542$603,0002,700 Sq.Ft.4/4/2025Wright St8021$174,2661,120 Sq.Ft.6/3/2025York St25131$172,1181,329 Sq.Ft.6/6/2025Zwart Rd1032$403,5001,918 Sq.Ft.12/29/2022214 Watson Powell Jr Way #411Des Moines, IA 50309
Estimated Value $380,000
Living Area 1,609 SqFt
Beds 3
Baths 2.5
Year Built 2011
Property Type Townhouse
Ownership Type Corporate
APN 030/00540-123-000
Neighborhood Downtown Des Moines
School District Des Moines Independent Community School District
140 E Center StDes Moines, IA 50309
Estimated Value $672,000
Living Area 2,088 SqFt
Beds 3
Baths 2.5
Year Built 2016
Property Type Townhouse
Ownership Type Related
APN 040/00245-024-000
Neighborhood Historic East Village
School District Des Moines Independent Community School District
224 E Center StDes Moines, IA 50309
Estimated Value $692,000
Living Area 2,088 SqFt
Beds 3
Baths 2.5
Year Built 2017
Property Type Townhouse
Ownership Type Related
APN 040/00245-006-000
Neighborhood Downtown Des Moines
School District Des Moines Independent Community School District
936 12th StDes Moines, IA 50309
Estimated Value $340,000
Living Area 1,372 SqFt
Beds 2
Baths 2.5
Year Built 2020
Property Type Townhouse
Ownership Type Individual
APN 030/00732-100-007
Subdivision Cityview 49
School District Des Moines Independent Community School District
1611 8th StDes Moines, IA 50314
Estimated Value $174,000
Living Area 1,912 SqFt
Beds 5
Baths 2
Year Built 1901
Property Type Single Family
Ownership Type Corporate
APN 080/05288-000-000
Neighborhood River Bend
School District Des Moines Independent Community School District
507 E Locust St #205Des Moines, IA 50309
Estimated Value $171,000
Living Area 539 SqFt
Beds 1
Baths 1
Year Built 2005
Property Type Single Family
Ownership Type Individual
APN 040/00614-009-000
Neighborhood Historic East Village
School District Des Moines Independent Community School District
807 Buchanan StDes Moines, IA 50316
Estimated Value $181,000
Living Area 1,263 SqFt
Beds 3
Baths 1
Year Built 1885
Property Type Single Family
Ownership Type Multiple
APN 040/04247-000-000
Neighborhood Capitol Park
School District Des Moines Independent Community School District
201 Grand Ave #111Des Moines, IA 50309
Estimated Value $425,000
Living Area 2,058 SqFt
Beds 3
Baths 2.5
Year Built 2006
Property Type Townhouse
Ownership Type Related
APN 030/00540-005-000
Neighborhood Downtown Des Moines
School District Des Moines Independent Community School District
1364 E 9th StDes Moines, IA 50316
Estimated Value $222,000
Living Area 1,383 SqFt
Beds 3
Baths 1.5
Year Built 1890
Property Type Single Family
Ownership Type Individual
APN 110/01234-000-000
Neighborhood Capitol Park
School District Des Moines Independent Community School District
700 Grand Ave #3205Des Moines, IA 50309
Estimated Value $414,000
Living Area 1,440 SqFt
Beds 1
Baths 2
Year Built 2020
Property Type Residential General
Ownership Type Individual
APN 020/02142-705-000
Neighborhood Historic East Village
School District Des Moines Independent Community School District
420 Orchard AveDes Moines, IA 50314
Estimated Value $314,000
Living Area 592 SqFt
Beds 1
Baths 1
Year Built 1883
Property Type Single Family
Ownership Type Multiple
APN 080/08076-000-000
Neighborhood River Bend
School District Des Moines Independent Community School District
507 E Locust St #305Des Moines, IA 50309
Estimated Value $171,000
Living Area 538 SqFt
Beds 1
Baths 1
Year Built 2005
Property Type Residential General
Ownership Type Corporate
APN 040/00614-019-000
Neighborhood Historic East Village
School District Des Moines Independent Community School District
413 Orchard AveDes Moines, IA 50314
Estimated Value $140,000
Living Area 1,232 SqFt
Beds 3
Baths 1.5
Year Built 1906
Property Type Single Family
Ownership Type Individual
APN 080/00347-000-000
Neighborhood River Bend
School District Des Moines Independent Community School District
252 E Center StDes Moines, IA 50309
Estimated Value $556,000
Living Area 1,850 SqFt
Beds 3
Baths 2.5
Year Built 2017
Property Type Townhouse
Ownership Type Individual
APN 040/00245-011-000
Neighborhood Downtown Des Moines
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
1322 3rd StDes Moines, IA 50314
Estimated Value $128,000
Living Area 748 SqFt
Beds 2
Baths 1
Year Built 1916
Property Type Residential General
Ownership Type Multiple
APN 080/05956-000-000
Neighborhood River Bend
School District Des Moines Independent Community School District