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
66th Ave6732$372,5004,929 Sq.Ft.11/7/202466th Pl1732$277,4121,542 Sq.Ft.8/4/202367th Ave532$294,6001,826 Sq.Ft.6/14/201767th Pl4132$345,5566,943 Sq.Ft.11/25/202467th St2742$317,8892,143 Sq.Ft.1/3/202568th Ave1632$298,5001,696 Sq.Ft.1/20/202369th Ave1032$349,2001,865 Sq.Ft.2/18/202593rd Ave132$531,0002,268 Sq.Ft.7/11/2006114th St1N/AN/AN/A38,093 Sq.Ft.2/26/2024118th St1N/AN/AN/A86,892 Sq.Ft.12/12/2003150th Ave141$255,000N/A5/23/2023Acorn St1433$470,0003,537 Sq.Ft.5/12/2025Adams Ave16131$233,1391,349 Sq.Ft.5/23/2025Alderman Ln1232$264,8331,522 Sq.Ft.6/26/2024Algonquin Rd1132$508,0002,550 Sq.Ft.5/15/2025Allen Pl332$476,0003,044 Sq.Ft.6/28/2018Allen St231$199,500191 Sq.Ft.N/AAllison Ave14531$237,3141,723 Sq.Ft.5/1/2025Alpha Ave1831$181,4121,193 Sq.Ft.5/1/2024Amherst St19121$170,0001,168 Sq.Ft.3/5/2025Amick Ave7932$323,3211,902 Sq.Ft.5/21/2025Amos Ave5231$191,5771,189 Sq.Ft.4/15/2025Anita Ave211$193,500672 Sq.Ft.N/AAnkeny Ave131$100,000944 Sq.Ft.2/23/2015Arapahoe Dr1044$1,040,2004,944 Sq.Ft.4/13/2015Ardmore Rd1431$248,5001,523 Sq.Ft.5/10/2023Arlington Ave6743$242,1633,681 Sq.Ft.5/12/2025Army Post Rd20621$202,83315,268 Sq.Ft.5/20/2025Arnold Rd4131$196,4501,314 Sq.Ft.5/16/2025Arthur Ave26431$187,3391,445 Sq.Ft.5/30/2025Ascension St1731$143,0631,575 Sq.Ft.2/11/2025Ascot Dr1722N/A1,792 Sq.Ft.4/22/1996Ash Ave1N/AN/A$214,000N/AN/AAshby Ave7432$294,6621,752 Sq.Ft.5/29/2025Astor St3821$158,2401,108 Sq.Ft.5/6/2024Atkins St241$174,0001,879 Sq.Ft.9/14/2021Aurora Ave39831$236,7865,176 Sq.Ft.5/9/2025Avalon Rd1831$194,7061,252 Sq.Ft.2/19/2025Bancroft St1332$283,8462,371 Sq.Ft.3/6/2024Baseline St1432$247,5711,366 Sq.Ft.2/13/2025Bayview Ct1633$318,4381,838 Sq.Ft.4/14/2023Beaver Ave26932$318,8224,935 Sq.Ft.4/29/2025Beaver Crest Dr6532$290,0311,569 Sq.Ft.9/10/2024Beaver Hills Dr1043$510,4004,164 Sq.Ft.1/3/2024Beckwith Ave221$142,500971 Sq.Ft.4/14/2022Bel Aire Rd16532$280,7622,012 Sq.Ft.5/13/2025Bell Ave27731$202,4227,692 Sq.Ft.5/11/2025Belmar Dr3031$218,6901,407 Sq.Ft.4/16/2025Bennett Ave5231$218,6801,320 Sq.Ft.12/2/2024Bent Ridge Ct1632$303,6881,739 Sq.Ft.12/17/2024Berwick Dr6832N/A1,369 Sq.Ft.N/ABirch Ln1931$207,0531,176 Sq.Ft.5/30/2024Bloomfield Rd45932$329,3754,783 Sq.Ft.5/29/2024Border St443$372,0002,123 Sq.Ft.2/11/2025Boston Ave9431$212,7721,604 Sq.Ft.5/7/2025Boulder Ave2131$223,0001,878 Sq.Ft.5/22/2025Boulevard Pl2131$270,2861,569 Sq.Ft.9/23/2024Bowdoin St19421$160,729997 Sq.Ft.5/30/2025Boyd St20931$203,2311,296 Sq.Ft.5/12/2025Bradway Pl241$423,0002,256 Sq.Ft.1/11/2016Brattleboro Ave4742$251,0383,329 Sq.Ft.4/2/2025Brentwood Dr1133$747,3643,424 Sq.Ft.4/28/2023Briarcliff Dr3331$220,4241,355 Sq.Ft.5/29/2025Briarwood Pl732$359,2862,059 Sq.Ft.8/28/2018Bridal Row642$368,8002,131 Sq.Ft.2/19/2019Brinkwood Rd5632$272,0361,621 Sq.Ft.2/26/2025Broad St19831$203,7561,275 Sq.Ft.6/6/2025Broadway Ave13431$275,57115,885 Sq.Ft.6/5/2025Brockway Dr3333$303,4851,706 Sq.Ft.5/8/2025Brook Landing Cir2033$356,0001,990 Sq.Ft.3/7/2025Brook Landing Ct3532$343,7431,657 Sq.Ft.5/23/2025Brook Landing Dr1032$348,4001,711 Sq.Ft.5/14/2021Brook Ridge Cir1133$334,2731,860 Sq.Ft.4/4/2024Brook Ridge Ct12022$218,3421,443 Sq.Ft.5/12/2025Brook Run Dr4133$368,0732,226 Sq.Ft.10/23/2024Brooks Dr732$338,8571,701 Sq.Ft.11/15/2021Brook View Ave5442$331,7692,155 Sq.Ft.3/12/2025Brook View Dr9633$350,8331,979 Sq.Ft.5/23/2025Buchanan St8431$170,7641,316 Sq.Ft.4/30/2025Bundy Ave933$278,4441,729 Sq.Ft.6/28/2023Bundy St7921$170,810922 Sq.Ft.5/14/2025Burlington Ter2631$231,5001,716 Sq.Ft.4/28/2025Burnham Ave11632$230,5171,367 Sq.Ft.5/14/2025Burson St1421$132,714972 Sq.Ft.10/7/2023California Dr1933$496,4212,848 Sq.Ft.11/3/2022Cambridge St17321$164,4671,018 Sq.Ft.4/18/2025Camden Ct18N/AN/AN/AN/AN/ACapitol Ave34731$168,7261,639 Sq.Ft.5/6/2025Cardinal Ave144$489,0002,931 Sq.Ft.N/ACarlisle Rd142N/A1,195 Sq.Ft.7/1/2014Carpenter Ave9231$200,6103,684 Sq.Ft.6/2/2025Carrie Ave7231$205,0831,231 Sq.Ft.4/15/2025Carr St1821$120,889916 Sq.Ft.9/23/2024Casady Dr1633$673,7144,421 Sq.Ft.4/2/2024Caulder Ave12232$274,9333,111 Sq.Ft.12/5/2024Caulder Cir1132$244,7271,546 Sq.Ft.2/26/2025Caulder Ct2332$271,3041,459 Sq.Ft.5/15/2024Cayuga Pt444$1,119,0004,902 Sq.Ft.1/30/2018Cb & Q St221N/A6,240 Sq.Ft.12/13/2023Cedar Ct631$243,0001,421 Sq.Ft.10/23/20171518 E 9th StDes Moines, IA 50316
Estimated Value $286,000
Living Area 2,595 SqFt
Beds 5
Baths 3
Year Built 1922
Property Type Single Family
Ownership Type Related
APN 110/01247-000-000
Neighborhood Capitol Park
School District Des Moines Independent Community School District
1460 5th AveDes Moines, IA 50314
Estimated Value $198,000
Living Area 1,169 SqFt
Beds 3
Baths 1
Year Built 1901
Property Type Single Family
Ownership Type Corporate
APN 080/03539-000-000
Neighborhood River Bend
School District Des Moines Independent Community School District
1306 8th StDes Moines, IA 50314
Estimated Value $171,000
Living Area 1,232 SqFt
Beds 3
Baths 1.5
Year Built 1996
Property Type Single Family
Ownership Type Multiple
APN 080/04616-001-000
Neighborhood River Bend
School District Des Moines Independent Community School District
323 Creighton AveDes Moines, IA 50314
Estimated Value $203,000
Living Area 1,371 SqFt
Beds 3
Baths 1
Year Built 1910
Property Type Single Family
Ownership Type Individual
APN 080/06028-000-000
Neighborhood River Bend
School District Des Moines Independent Community School District
201 Grand Ave #213Des Moines, IA 50309
Estimated Value $400,000
Living Area 2,037 SqFt
Beds 2
Baths 3
Year Built 2006
Property Type Townhouse
Ownership Type Related
APN 030/00540-012-000
Neighborhood Downtown Des Moines
School District Des Moines Independent Community School District
1330 7th StDes Moines, IA 50314
Estimated Value $154,000
Living Area 1,830 SqFt
Beds 3
Baths 2
Year Built 1886
Property Type Single Family
Ownership Type Related
APN 080/04661-000-000
Neighborhood River Bend
School District Des Moines Independent Community School District
214 Watson Powell Jr Way #401Des Moines, IA 50309
Estimated Value $351,000
Living Area 1,609 SqFt
Beds 3
Baths 2.5
Year Built 2011
Property Type Townhouse
Ownership Type Individual
APN 030/00540-118-000
Neighborhood Downtown Des Moines
School District Des Moines Independent Community School District
1426 10th StDes Moines, IA 50314
Estimated Value $158,000
Living Area 1,456 SqFt
Beds 3
Baths 1
Year Built 1911
Property Type Single Family
Ownership Type Individual
APN 080/02993-000-000
Neighborhood King Irving
School District Des Moines Independent Community School District
1511 10th StDes Moines, IA 50314
Estimated Value $169,000
Living Area 1,970 SqFt
Beds 4
Baths 1.5
Year Built 1971
Property Type Single Family
Ownership Type Individual
APN 080/01677-000-000
Neighborhood River Bend
School District Des Moines Independent Community School District
1156 9th StDes Moines, IA 50314
Estimated Value $117,000
Living Area 2,275 SqFt
Beds 3
Baths 2
Year Built 1888
Property Type Single Family
Ownership Type Related
APN 030/05867-002-000
Neighborhood Cheatom Park
School District Des Moines Independent Community School District
1300 8th StDes Moines, IA 50314
Estimated Value $155,000
Living Area 1,003 SqFt
Beds 3
Baths 2
Year Built 1996
Property Type Single Family
Ownership Type Individual
APN 080/04617-001-000
Neighborhood River Bend
School District Des Moines Independent Community School District
1035 E 7th StDes Moines, IA 50316
Estimated Value $210,000
Living Area 3,262 SqFt
Beds 5
Baths 3
Year Built 1911
Property Type Single Family
Ownership Type Corporate
APN 040/02256-000-000
Neighborhood Capitol Park
School District Des Moines Independent Community School District
1114 Pennsylvania AveDes Moines, IA 50316
Estimated Value $188,000
Living Area 1,595 SqFt
Beds 4
Baths 1
Year Built 1903
Property Type Single Family
Ownership Type Individual
APN 040/03085-000-000
Neighborhood Capitol Park
School District Des Moines Independent Community School District
320 Indiana AveDes Moines, IA 50314
Estimated Value $130,000
Living Area 846 SqFt
Beds 2
Baths 1
Year Built 1917
Property Type Single Family
Ownership Type Corporate
APN 080/06032-000-000
Neighborhood River Bend
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
912 University CtDes Moines, IA 50314
Estimated Value $199,000
Living Area 1,364 SqFt
Beds 4
Baths 1.5
Year Built 1893
Property Type Single Family
Ownership Type Multiple
APN 030/05854-002-000
Neighborhood Cheatom Park
School District Des Moines Independent Community School District