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
Meadow Ct13543$170,1871,483 Sq.Ft.4/17/2025Meadowlands Dr1N/AN/AN/A45,032 Sq.Ft.8/29/2023Meadow Ln2033$480,2504,420 Sq.Ft.5/15/2024Meadow Wood Cir733$341,4292,432 Sq.Ft.3/7/2021Meek Ave2321$170,7391,106 Sq.Ft.1/30/2025Merced Dr2833$390,7502,275 Sq.Ft.12/12/2024Merced St11232$286,3211,626 Sq.Ft.5/19/2025Meredith Dr9022$223,3545,495 Sq.Ft.4/29/2025Merklin Way1821$234,3891,278 Sq.Ft.5/2/2025Merle Hay Rd24331$218,72811,766 Sq.Ft.5/29/2025Michigan St1211N/A3,608 Sq.Ft.2/27/2023Miller Ave10032$228,9891,404 Sq.Ft.5/27/2025Milton Ave6331$181,5001,346 Sq.Ft.3/18/2025Mondamin Ave11431$155,8671,250 Sq.Ft.5/5/2025Monona Ave721$446,2865,332 Sq.Ft.12/3/2020Moonlight Dr1833$345,1112,497 Sq.Ft.5/8/2025Morgan St111N/A72,000 Sq.Ft.N/AMorningstar Dr1431$270,0001,415 Sq.Ft.9/25/2024Morton Ave23031$186,1001,551 Sq.Ft.5/27/2025Motley St931$164,0001,219 Sq.Ft.4/4/2023Moyer St1821$185,6111,159 Sq.Ft.6/24/2024Mulberry St19202$417,000121,966 Sq.Ft.8/20/2024Murphy St2533$372,59110,324 Sq.Ft.5/6/2024Muskogee Ave5132$347,6001,663 Sq.Ft.6/4/2025Nash Dr1532$230,8001,598 Sq.Ft.5/18/2025Nevada St132$502,0001,968 Sq.Ft.5/18/2013New Castle Dr742$263,8571,694 Sq.Ft.5/13/2021New York Ave5331$247,6837,754 Sq.Ft.5/15/2025New York Cir643$359,5002,352 Sq.Ft.7/24/2024Nierob Court Dr631$266,6671,417 Sq.Ft.8/21/2024Northwest Dr10331$253,1701,371 Sq.Ft.3/20/2025Northwood Rd833$541,3752,419 Sq.Ft.2/28/2022Norton Ave1631$168,3131,323 Sq.Ft.6/10/2022Norwood Ln2631$189,8461,204 Sq.Ft.3/4/2024Oakcrest Dr1032$244,6252,169 Sq.Ft.5/6/2025Oak Forest Dr1133$601,0913,167 Sq.Ft.3/13/2018Oakland Ave2852$239,1903,920 Sq.Ft.12/3/2024Oaklyn Dr1032$278,1001,773 Sq.Ft.9/14/2020Oak Park Ave13631$185,2521,231 Sq.Ft.6/3/2025Oakridge Dr431$573,500110,577 Sq.Ft.11/18/2009Oakshire Rd1632$249,7142,082 Sq.Ft.10/2/2023Observatory Rd1022$603,7782,442 Sq.Ft.3/28/2019Ohio St2332N/A9,651 Sq.Ft.3/11/2025Olinda Ave6231$182,0491,198 Sq.Ft.6/6/2025Olive Ave3722$203,7221,039 Sq.Ft.10/3/2023Onawa St2521$183,0431,264 Sq.Ft.4/8/2025Oneida Pt243$838,5003,977 Sq.Ft.7/12/2018Onondaga Pt334$862,3333,891 Sq.Ft.7/14/2018Onthank Dr1N/AN/AN/A81,808 Sq.Ft.N/AOrchard Ave321$216,000928 Sq.Ft.4/14/2025Orchard Ln631$191,1671,370 Sq.Ft.2/5/2024Osceola Ave4031$177,8651,122 Sq.Ft.7/10/2024Ovid Ave36431$227,1871,998 Sq.Ft.5/28/2025Oxford St16521$161,0061,346 Sq.Ft.5/7/2025Palm Ave4333$324,4651,823 Sq.Ft.3/19/2025Palmer Pl921$214,3331,007 Sq.Ft.9/17/2021Palomino Pkwy3732$222,9191,487 Sq.Ft.4/7/2025Park Ave45632$316,2457,598 Sq.Ft.5/30/2025Park Hill Dr233$470,5001,886 Sq.Ft.4/14/2021Park Lawn Dr2732$278,9631,715 Sq.Ft.5/8/2025Park Pl1032$332,5001,693 Sq.Ft.1/16/2024Park Plaza Dr1043$373,7002,726 Sq.Ft.12/6/2024Park Side Dr3433$367,3822,194 Sq.Ft.5/21/2025Park St732$314,000166,008 Sq.Ft.6/22/2022Parmer Dr2131$195,9051,164 Sq.Ft.11/26/2024Payne Rd8821$179,7441,114 Sq.Ft.5/30/2025Payton Ave23531$211,4241,489 Sq.Ft.5/23/2025Pelton Pl331$270,0001,626 Sq.Ft.2/10/2017Pennsylvania Ave7532$229,8794,273 Sq.Ft.2/28/2025Philip St13632$243,4222,093 Sq.Ft.3/28/2025Piekenbrock Dr2932$270,1791,470 Sq.Ft.4/8/2025Pilmer Dr3332$215,8481,446 Sq.Ft.3/18/2024Pine Ave2032$315,3751,698 Sq.Ft.4/12/2024Pioneer Rd9431$195,3301,339 Sq.Ft.12/20/2024Plainview Dr3121$237,2581,202 Sq.Ft.5/5/2025Plaza Ln942$237,1111,602 Sq.Ft.8/31/2023Pleasant Dr4132$348,5501,996 Sq.Ft.11/8/2024Pleasant St9932$346,10725,016 Sq.Ft.3/11/2025Pleasant View Cir1931$201,7371,213 Sq.Ft.5/23/2025Pleasant View Dr25331$221,6061,470 Sq.Ft.5/20/2025Pleasant Vw1N/AN/A$454,000N/AN/APolk Blvd12732$411,8253,474 Sq.Ft.6/5/2025Pond View Cir843$368,1252,658 Sq.Ft.5/5/2023Porter Ave38432$224,8462,265 Sq.Ft.6/4/2025Post St2N/AN/AN/A1,762 Sq.Ft.1/19/2021Prairie Ln9N/AN/AN/A13,055 Sq.Ft.3/15/2023Prospect Dr1721$226,0001,169 Sq.Ft.2/12/2024Prospect Rd4921$171,1282,659 Sq.Ft.2/21/2025Raccoon St8121$178,3941,311 Sq.Ft.3/10/2025Railroad Ave2332$207,2351,433 Sq.Ft.3/25/2025Ranchel Dr1243$406,1672,719 Sq.Ft.6/18/2021Randall Pl443$305,5002,430 Sq.Ft.5/10/2018Randolph St2632$234,5381,635 Sq.Ft.8/2/2023Ravina Dr1132$218,5562,560 Sq.Ft.2/13/2024Raymond Dr2731$274,1111,438 Sq.Ft.5/4/2025Redmond Ave2122$286,0481,842 Sq.Ft.6/21/2024Regency Dr6N/AN/AN/AN/AN/ARegister Dr2N/AN/AN/A45,904 Sq.Ft.12/3/2008Reigart St321N/A2,905 Sq.Ft.8/13/2008Reynolds Ln2231$212,8641,328 Sq.Ft.1/30/20251011 Day St #5Des Moines, IA 50314
Estimated Value $66,000
Living Area 1,044 SqFt
Beds 2
Baths 1
Year Built 1979
Property Type Residential General
Ownership Type Related
APN 030/03246-005-000
Neighborhood Cheatom Park
School District Des Moines Independent Community School District
400 E Locust St #302Des Moines, IA 50309
Estimated Value $173,000
Living Area 805 SqFt
Beds 1
Baths 1
Year Built 2005
Property Type Single Family
Ownership Type Multiple
APN 040/04251-023-000
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
219 College AveDes Moines, IA 50314
Estimated Value $139,000
Living Area 1,108 SqFt
Beds 3
Baths 1
Year Built 1909
Property Type Residential General
Ownership Type Corporate
APN 080/04992-000-000
Neighborhood River Bend
School District Des Moines Independent Community School District
1353 E 12th StDes Moines, IA 50316
Estimated Value $208,000
Living Area 1,336 SqFt
Beds 3
Baths 1
Year Built 1898
Property Type Single Family
Ownership Type Corporate
APN 110/01360-000-000
Neighborhood Capitol Park
School District Des Moines Independent Community School District
229 Clark StDes Moines, IA 50314
Estimated Value $174,000
Living Area 1,078 SqFt
Beds 2
Baths 1
Year Built 1906
Property Type Single Family
Ownership Type Multiple
APN 080/04427-000-000
Neighborhood River Bend
School District Des Moines Independent Community School District
808 E 2nd StDes Moines, IA 50309
Estimated Value $574,000
Living Area 1,850 SqFt
Beds 3
Baths 2.5
Year Built 2021
Property Type Townhouse
Ownership Type Related
APN 040/00245-101-048
Neighborhood Historic East Village
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
515 E Locust St #500NDes Moines, IA 50309
Estimated Value $1,560,000
Living Area 5,313 SqFt
Beds 2
Baths 1.5
Year Built 2007
Property Type Residential General
Ownership Type Corporate
APN 040/06335-021-001
Neighborhood Historic East Village
School District Des Moines Independent Community School District
1321 10th StDes Moines, IA 50314
Estimated Value $142,000
Living Area 1,217 SqFt
Beds 3
Baths 1
Year Built 1890
Property Type Single Family
Ownership Type Related
APN 080/04561-000-000
Neighborhood River Bend
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
1639 Oakland AveDes Moines, IA 50314
Estimated Value $238,000
Living Area 2,016 SqFt
Beds 4
Baths 2
Year Built 1880
Property Type Single Family
Ownership Type Individual
APN 080/05017-000-000
Neighborhood River Bend
School District Des Moines Independent Community School District
1452 4th StDes Moines, IA 50314
Estimated Value $162,000
Living Area 1,569 SqFt
Beds 3
Baths 1
Year Built 1906
Property Type Single Family
Ownership Type Individual
APN 080/00343-000-000
Neighborhood River Bend
School District Des Moines Independent Community School District
1315 6th AveDes Moines, IA 50314
Estimated Value $277,000
Living Area 1,630 SqFt
Beds 4
Baths 1.5
Year Built 1900
Property Type Single Family
Ownership Type Individual
APN 080/02807-000-000
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
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