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
Fleming Ave5021$190,5001,593 Sq.Ft.11/11/2024Fleur Dr28722$424,13919,474 Sq.Ft.4/10/2025Forest Ave28632$233,2889,030 Sq.Ft.6/2/2025Forestdale Dr1432$334,4291,801 Sq.Ft.11/13/2024Forest Dr4043$710,2787,440 Sq.Ft.6/4/2025Foster Dr7944$1,107,4944,103 Sq.Ft.2/13/2025Four Mile Dr921N/A666 Sq.Ft.1/7/2019Fox Hollow Cir1623$374,2502,182 Sq.Ft.6/2/2025Fox Run1833$368,6472,025 Sq.Ft.11/2/2024Francis Ave8531$179,5922,345 Sq.Ft.5/16/2025Francis Dr1932$239,0001,452 Sq.Ft.4/18/2023Franklin Ave31131$237,0113,450 Sq.Ft.5/16/2025Frazier Ave11031$182,4221,070 Sq.Ft.4/24/2025Frederick Ave1522$230,2671,480 Sq.Ft.8/28/2021Fremont St6131$168,1301,221 Sq.Ft.5/21/2025Fulton Dr7131$181,7861,189 Sq.Ft.5/27/2025Gannett Ave23N/AN/AN/A125,181 Sq.Ft.5/22/2025Garden Ave9331$195,4621,169 Sq.Ft.12/9/2024Garden Rd1631$258,0003,573 Sq.Ft.4/28/2025Garden Rdg1032$231,4001,560 Sq.Ft.5/29/2025Garfield Ave16821$165,7421,219 Sq.Ft.6/3/2025Gary Slater Dr121N/AN/AN/AGeil Ave7821$173,8162,002 Sq.Ft.6/2/2025George Flagg Pkwy1821$212,0005,725 Sq.Ft.6/18/2021Gepke Pkwy7832$225,2181,495 Sq.Ft.5/14/2025Germania Dr2932$362,7241,909 Sq.Ft.2/7/2023Gillette St2131$156,6191,128 Sq.Ft.3/12/2025Gilmore Ave1023$653,7002,860 Sq.Ft.7/15/2024Gleaves Ct731$204,2861,255 Sq.Ft.9/28/2021Glenarm Ct831$172,7501,122 Sq.Ft.1/11/2022Glenbrook Dr7531$190,1201,209 Sq.Ft.3/25/2025Glen Ellen Dr1831$226,6111,375 Sq.Ft.5/20/2025Glennor Rd1632$256,1251,717 Sq.Ft.2/4/2025Glenview Dr4433$569,5912,640 Sq.Ft.4/2/2025Glenwood Cir3031$215,3671,444 Sq.Ft.11/14/2024Glenwood Dr12232$245,2331,891 Sq.Ft.6/5/2025Glover Ave6421$186,6981,643 Sq.Ft.5/8/2025Goddard Ct921$95,333882 Sq.Ft.5/7/2025Golden Ln1632$291,8751,458 Sq.Ft.4/29/2025Golf House Dr1N/AN/AN/A4,020 Sq.Ft.N/AGordon Ave2031$220,1581,031 Sq.Ft.4/24/2024Grand Ave1,25422$303,52511,912 Sq.Ft.6/3/2025Grand River Dr3332$311,2731,634 Sq.Ft.10/4/2024Grand View Ave134$400,0001,564 Sq.Ft.7/12/2023Grandview Ave17931$203,3571,388 Sq.Ft.6/11/2025Granger Ave9731$181,9003,128 Sq.Ft.3/12/2025Gratis Ave2331$178,0451,057 Sq.Ft.5/8/2025Grays Pkwy934$334,8893,041 Sq.Ft.N/AGray St7931$194,3801,278 Sq.Ft.5/21/2025Greenfield Pkwy7632$232,5791,606 Sq.Ft.11/19/2024Greenwood Dr3943$875,1543,420 Sq.Ft.5/4/2023Greenwood Ter455$1,145,2506,217 Sq.Ft.6/16/2017Gregory Ln1431$227,6431,187 Sq.Ft.10/2/2023Grover Woods Ln3432$293,6471,395 Sq.Ft.5/28/2025Guthrie Ave18131$208,7856,602 Sq.Ft.3/17/2025Hackley Ave16131$198,9871,995 Sq.Ft.6/5/2025Haines St2N/AN/A$215,500N/A8/29/1997Hampton Cir6232N/AN/AN/AHarriet St221N/AN/A3/25/2025Harrison Ave4542$181,2141,638 Sq.Ft.11/27/2024Hart Ave25732$234,8551,445 Sq.Ft.5/7/2025Hartford Ave11231$186,0532,156 Sq.Ft.4/11/2025Harwood Ct332$290,3331,676 Sq.Ft.2/22/2014Harwood Dr12232$574,4022,794 Sq.Ft.5/19/2025Havens Ave2742$263,6671,672 Sq.Ft.6/2/2025Heliotrope Dr342$366,6672,665 Sq.Ft.7/15/2019Henderson Ave4731$176,6221,312 Sq.Ft.3/31/2025Henry Ave1531$222,0671,357 Sq.Ft.4/22/2025Herold Ave14632$240,7381,412 Sq.Ft.5/1/2025Hickman Rd29032$226,9244,036 Sq.Ft.6/2/2025Hickory Hill Ln2031$200,2631,303 Sq.Ft.5/6/2025Highland St731$178,2861,023 Sq.Ft.6/3/2021High St15332$295,49211,469 Sq.Ft.5/21/2025Highview Dr13732$251,6691,573 Sq.Ft.5/7/2025Highway 691N/AN/AN/AN/AN/AHillcrest Dr4532$277,4321,663 Sq.Ft.5/20/2025Hillside Ave7821$175,0001,559 Sq.Ft.3/18/2025Hoffman Ave2731$211,4623,129 Sq.Ft.5/28/2024Hoffman Ln331$201,5005,903 Sq.Ft.2/19/2021Holcomb Ave18031$212,7504,228 Sq.Ft.5/29/2025Holland Dr1931$258,7371,388 Sq.Ft.8/11/2024Honey Bee Rdg2132$313,6191,381 Sq.Ft.5/9/2025Hubbell Ave19831$276,09211,891 Sq.Ft.5/13/2025Hubbell Rd1N/AN/AN/A4,880 Sq.Ft.10/27/2021Hughes Ave11432$216,9731,383 Sq.Ft.4/25/2025Hughes Cir1621$201,7501,246 Sq.Ft.9/12/2024Hull Ave32832$218,3965,347 Sq.Ft.5/30/2025Hunter Ave1321$233,3081,355 Sq.Ft.6/27/2024Huntland Dr1321$243,7691,275 Sq.Ft.4/11/2024Hutton St8421$153,524953 Sq.Ft.5/9/2025Hyde Dr332$230,6671,504 Sq.Ft.7/20/2022Idaho St4721$163,0222,560 Sq.Ft.4/21/2023Illinois St1932N/A8,014 Sq.Ft.9/3/2024Indiana Ave1931$166,7336,201 Sq.Ft.3/6/2025Indianapolis Ave15621$172,4121,042 Sq.Ft.5/24/2025Indianola Ave17732$222,3444,003 Sq.Ft.5/16/2025Indianola Rd2823$441,8424,897 Sq.Ft.10/10/2024Industry Dr23N/AN/AN/A43,723 Sq.Ft.11/30/2022Ingersoll Ave23732$456,1988,883 Sq.Ft.5/15/2025Iola Ave5031$234,6121,455 Sq.Ft.2/1/2025320 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
814 Lyon StDes Moines, IA 50309
Estimated Value $138,000
Living Area 928 SqFt
Beds 2
Baths 1.5
Year Built 1885
Property Type Single Family
Ownership Type Individual
APN 040/02977-000-000
Neighborhood Historic East Village
School District Des Moines Independent Community School District
816 Des Moines StDes Moines, IA 50309
Estimated Value $220,000
Living Area 3,264 SqFt
Beds 5
Baths 3
Year Built 1900
Property Type Duplex 2 Units
Ownership Type Mixed
APN 040/02941-001-000
Neighborhood Historic East Village
School District Des Moines Independent Community School District
940 12th StDes Moines, IA 50309
Estimated Value $335,000
Living Area 1,372 SqFt
Beds 2
Baths 2.5
Year Built 2020
Property Type Townhouse
Ownership Type Individual
APN 030/00732-100-005
Subdivision Cityview 49
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
915 Buchanan StDes Moines, IA 50316
Estimated Value $153,000
Living Area 744 SqFt
Beds 2
Baths 1
Year Built 1890
Property Type Residential General
Ownership Type Individual
APN 040/02240-000-000
Neighborhood Capitol Park
School District Des Moines Independent Community School District
403 Forest AveDes Moines, IA 50314
Estimated Value $89,000
Living Area 1,045 SqFt
Beds 2
Baths 1
Year Built 1923
Property Type Single Family
Ownership Type Related
APN 080/08082-002-000
Neighborhood River Bend
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
1518 5th AveDes Moines, IA 50314
Estimated Value $200,000
Living Area 1,125 SqFt
Beds 3
Baths 1
Year Built 1895
Property Type Single Family
Ownership Type Multiple
APN 080/02029-000-000
Neighborhood River Bend
School District Des Moines Independent Community School District
1314 5th AveDes Moines, IA 50314
Estimated Value $188,000
Living Area 1,428 SqFt
Beds 3
Baths 1
Year Built 1900
Property Type Single Family
Ownership Type Individual
APN 080/02787-000-000
Neighborhood River Bend
School District Des Moines Independent Community School District
806 Walker StDes Moines, IA 50316
Estimated Value $192,000
Living Area 1,070 SqFt
Beds 3
Baths 1.5
Year Built 1999
Property Type Single Family
Ownership Type Related
APN 040/00923-001-000
Neighborhood Capitol Park
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
946 12th StDes Moines, IA 50309
Estimated Value $335,000
Living Area 1,372 SqFt
Beds 2
Baths 2.5
Year Built 2020
Property Type Townhouse
Ownership Type Individual
APN 030/00732-100-002
Subdivision Cityview 49
School District Des Moines Independent Community School District
1526 4th StDes Moines, IA 50314
Estimated Value $172,000
Living Area 2,433 SqFt
Beds 4
Baths 3
Year Built 1900
Property Type Single Family
Ownership Type Trust
APN 080/00332-000-000
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
925 Laurel StDes Moines, IA 50314
Estimated Value $163,000
Living Area 1,132 SqFt
Beds 3
Baths 1
Year Built 1890
Property Type Single Family
Ownership Type Individual
APN 030/01695-093-000
Neighborhood Cheatom Park
School District Des Moines Independent Community School District