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
Irving St121$693,0006,454 Sq.Ft.5/11/2020Jackson Ave10831$188,4473,600 Sq.Ft.2/13/2025Jarvis St1031$213,6672,818 Sq.Ft.12/27/2023Jefferson Ave26431$188,3781,676 Sq.Ft.4/2/2025Jerlynn Ave4331$230,0471,313 Sq.Ft.10/31/2024Jewett Ln123$565,0003,005 Sq.Ft.10/13/2022John Lynde Rd3543$977,1433,738 Sq.Ft.2/11/2025John Patterson Rd6732$232,4331,609 Sq.Ft.3/13/2025Johnson Ct531$129,0001,583 Sq.Ft.6/6/2024Johnson St7121$174,423990 Sq.Ft.5/1/2025Jordan Dr1532$220,8671,541 Sq.Ft.3/12/2024Juniper Ct832$250,2501,548 Sq.Ft.4/28/2023Kendallwood Cir633$381,3332,329 Sq.Ft.12/28/2023Kennedy Dr1N/AN/AN/A87,302 Sq.Ft.8/30/2024Kennedy St1N/AN/AN/AN/AN/AKensington Ct12N/AN/AN/AN/AN/AKensington Dr19N/AN/AN/AN/AN/AKenway Dr2532$277,6801,579 Sq.Ft.4/12/2022Kenyon Ave22232$253,5601,996 Sq.Ft.4/3/2025Kenyon Cir1433$341,1431,905 Sq.Ft.1/3/2024Keosauqua Way6222$377,3506,884 Sq.Ft.4/28/2025Keyes Dr632$213,2501,555 Sq.Ft.6/26/2020King Ave12132$235,8213,264 Sq.Ft.10/31/2024Kingman Ave3232$352,5311,963 Sq.Ft.2/18/2025Kingman Blvd21332$330,7263,200 Sq.Ft.5/29/2025Kingman Cir742$263,0001,957 Sq.Ft.6/10/2024Kinsey Ave16321$179,7861,180 Sq.Ft.4/3/2025Kirkwood Ave15931$187,0701,259 Sq.Ft.5/30/2025Knob Hill Dr3032$276,3332,038 Sq.Ft.11/15/2024Lacona Ave14731$204,9721,358 Sq.Ft.5/29/2025Lake Hill Dr8133$220,6171,614 Sq.Ft.12/5/2024Lakeland Ct1033$429,5002,486 Sq.Ft.8/11/2023Lake Ridge Ave133$276,0001,597 Sq.Ft.12/20/2023Lakeridge Ave2133$423,4762,243 Sq.Ft.3/28/2025Lakeview Dr1332$356,3851,958 Sq.Ft.11/13/2023Lakewood Ln2533$443,0402,794 Sq.Ft.4/28/2023Lally St10021$175,5521,033 Sq.Ft.6/9/2025Lanewood Dr1232$328,0001,721 Sq.Ft.12/23/2024Larnard Dr1331$231,2311,356 Sq.Ft.5/14/2024Laurel Hill Rd331$318,5002,568 Sq.Ft.11/5/2004Laurel St2521$136,26310,430 Sq.Ft.9/27/2024Lawnview Dr2032$245,6001,458 Sq.Ft.7/31/2023Lawnwoods Dr4431$221,6511,526 Sq.Ft.2/24/2025Lay St15931$191,0511,426 Sq.Ft.5/27/2025Leach Ave16732$252,0361,670 Sq.Ft.4/16/2025Leado Ave3131$221,8391,285 Sq.Ft.11/2/2023Leisure Ln532$231,2001,592 Sq.Ft.11/30/2023Leland Ave22431$195,5461,536 Sq.Ft.4/22/2025Leonard Pl1532$295,5451,830 Sq.Ft.12/6/2024Lewis Ave8931$195,8141,283 Sq.Ft.3/6/2025Leyden Ave9632$271,9481,429 Sq.Ft.5/30/2025Leyner St822$246,2502,035 Sq.Ft.10/28/2023Lincoln Ave13631$196,5271,255 Sq.Ft.6/2/2025Lincoln Place Dr8832$492,5702,290 Sq.Ft.5/16/2025Linda Cir632$289,3331,672 Sq.Ft.8/22/2024Linden Ln3532$229,5001,561 Sq.Ft.4/1/2025Linden St1331$192,4171,053 Sq.Ft.4/11/2023Lindlavista Way6531$261,8921,568 Sq.Ft.5/28/2025Line Dr3N/AN/AN/AN/AN/ALinworth Ln1632$225,0631,505 Sq.Ft.10/25/2021Lista Ln1032$214,3001,179 Sq.Ft.2/10/2023Littell Ave232$248,0001,344 Sq.Ft.1/18/2024Livingston Ave6431$184,4751,240 Sq.Ft.3/26/2025Locust St14221$288,89745,576 Sq.Ft.5/27/2025Logan Ave20131$163,2861,114 Sq.Ft.5/22/2025Loomis Ave10131$231,6341,593 Sq.Ft.12/9/2024Lovington Dr3332$284,0001,756 Sq.Ft.12/16/2024Lower Beaver Rd11432$281,4953,612 Sq.Ft.2/26/2025Luster Ln7732$267,7921,714 Sq.Ft.11/26/2024Lynch St1121$145,000822 Sq.Ft.8/21/2018Lyndale Dr3332$250,6361,420 Sq.Ft.5/1/2025Lynner Dr6432$265,1801,756 Sq.Ft.4/4/2025Lynn St432$154,0001,080 Sq.Ft.8/17/2023Lyon St28621$154,7551,316 Sq.Ft.6/4/2025Madison Ave37731$215,1102,836 Sq.Ft.5/31/2025Mahaska Ave8421$162,700940 Sq.Ft.5/27/2025Maine St932N/A4,875 Sq.Ft.4/25/2019Maish Ave11032$259,9911,691 Sq.Ft.5/23/2025Maish Ct2031$244,6501,250 Sq.Ft.1/25/2023Mann Ave2831$213,1111,245 Sq.Ft.10/8/2024Manor Ln1131$263,4001,492 Sq.Ft.11/19/2024Mansfield Dr5031$219,3201,356 Sq.Ft.5/27/2025Maple St24121$175,7371,832 Sq.Ft.5/29/2025Maquoketa Dr2232$310,8641,822 Sq.Ft.2/28/2023Marella Trl2932$292,3101,664 Sq.Ft.11/26/2024Marianna Trl2131$250,9051,450 Sq.Ft.2/11/2025Marion St17331$214,9241,292 Sq.Ft.4/24/2025Market St12721$378,61718,415 Sq.Ft.5/28/2025Marlou Pkwy7532$230,0671,564 Sq.Ft.4/1/2024Martin Luther King Jr Pkwy21332$210,5646,983 Sq.Ft.5/27/2025Mary Ave2N/AN/A$231,000N/A5/7/2025Maryland Pike3032$279,8671,511 Sq.Ft.4/12/2025Mason Ave4121$178,829916 Sq.Ft.10/7/2024Mattern Ave8221$173,9661,140 Sq.Ft.4/1/2025Maury St10031$175,7269,983 Sq.Ft.3/11/2025Maxwelton Dr6631$198,8461,270 Sq.Ft.2/24/2025Mccormick St7231$182,5651,385 Sq.Ft.7/23/2024Mckinley Ave26832$253,0343,143 Sq.Ft.5/29/2025Mcvay Dr1232$290,7501,804 Sq.Ft.7/28/2022Meadow Chase Ln5922$170,4662,001 Sq.Ft.5/19/2025214 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
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
804 E 2nd StDes Moines, IA 50309
Estimated Value $779,000
Living Area 2,430 SqFt
Beds 3
Baths 2.5
Year Built 2021
Property Type Townhouse
Ownership Type Trust
APN 040/00245-101-050
Neighborhood Historic East Village
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
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
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
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
1441 2nd PlDes Moines, IA 50314
Estimated Value $135,000
Living Area 920 SqFt
Beds 2
Baths 1
Year Built 1906
Property Type Single Family
Ownership Type Multiple
APN 080/04464-002-000
Neighborhood River Bend
School District Des Moines Independent Community School District
229 College AveDes Moines, IA 50314
Estimated Value $298,000
Living Area 2,392 SqFt
Beds 4
Baths 4
Year Built 2006
Property Type Quadruplex 4 Units
Ownership Type Mixed
APN 080/04990-000-000
Neighborhood River Bend
School District Des Moines Independent Community School District
849 E 2nd StDes Moines, IA 50309
Estimated Value $759,000
Living Area 2,432 SqFt
Beds 3
Baths 2.5
Year Built 2019
Property Type Townhouse
Ownership Type Multiple
APN 040/00245-100-012
Neighborhood Historic East Village
School District Des Moines Independent Community School District
815 Lyon StDes Moines, IA 50309
Estimated Value $115,000
Living Area 1,186 SqFt
Beds 3
Baths 1
Year Built 1885
Property Type Single Family
Ownership Type Corporate
APN 040/02932-000-000
Neighborhood Historic East Village
School District Des Moines Independent Community School District
309 E 5th St #200Des Moines, IA 50309
Estimated Value $310,000
Living Area 1,370 SqFt
Beds 2
Baths 2
Year Built 2016
Property Type Residential General
Ownership Type Related
APN 040/01710-002-009
Neighborhood Historic East Village
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
1414 11th StDes Moines, IA 50314
Estimated Value $224,000
Living Area 2,493 SqFt
Beds 4
Baths 2.5
Year Built 1897
Property Type Single Family
Ownership Type Related
APN 080/03690-000-000
Neighborhood King Irving
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
106 E Washington AveDes Moines, IA 50316
Estimated Value $201,000
Living Area 1,589 SqFt
Beds 3
Baths 1
Year Built 1890
Property Type Single Family
Ownership Type Multiple
APN 110/06214-000-000
Neighborhood Union Park
School District Des Moines Independent Community School District