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
Rhett Cir643$504,6673,316 Sq.Ft.8/9/2024Richland Dr1631$202,4381,259 Sq.Ft.11/9/2023Richmond Ave14431$222,2201,375 Sq.Ft.9/18/2024Ridge Rd1243$779,2503,471 Sq.Ft.9/8/2023Ridgeview Dr7032$249,2322,964 Sq.Ft.5/29/2025Rittenhouse St6921$183,5483,092 Sq.Ft.5/7/2024River Meadows Cir1032$334,1001,693 Sq.Ft.4/10/2025River Meadows Dr3332$295,7881,602 Sq.Ft.5/28/2025River Oaks Dr5033$680,3403,105 Sq.Ft.5/23/2025River Ridge Rd6033$308,7831,624 Sq.Ft.12/3/2024Riverview Dr832$222,0001,719 Sq.Ft.10/1/2021Riverview St144N/A37,720 Sq.Ft.3/31/2009River Vista Dr1332$348,0832,256 Sq.Ft.7/11/2024Riverwoods Ave4133$299,4151,785 Sq.Ft.2/24/2025Robert D Ray Dr1921$178,21463,628 Sq.Ft.8/2/2023Robertson Dr1932$562,3162,749 Sq.Ft.8/10/2023Robin Dr1232$276,6671,497 Sq.Ft.2/1/2024Roblang Ct1632$239,3131,452 Sq.Ft.4/28/2024Rollins Ave6121$204,8031,121 Sq.Ft.5/20/2025Ronwood Dr1032$392,6002,072 Sq.Ft.4/13/2022Roosevelt Ave441$213,2501,114 Sq.Ft.5/20/2024Rose Ave26232$247,3622,253 Sq.Ft.6/6/2025Rose Cir923$391,44414,046 Sq.Ft.12/19/2024Rose Hedge Dr1331$246,0771,332 Sq.Ft.11/11/2022Rose Pl533$446,8002,773 Sq.Ft.12/23/2020Royal Rd122$620,0008,190 Sq.Ft.N/ARoyer St4621$162,413958 Sq.Ft.3/21/2024Rutland Ave5732$265,5512,503 Sq.Ft.4/30/2025Rutland Dr1631$212,8751,151 Sq.Ft.5/16/2025Sage St1132$312,6001,633 Sq.Ft.12/2/2022Saint Johns Rd2132$568,1432,194 Sq.Ft.4/11/2025Sampson St11231$175,1271,268 Sq.Ft.4/24/2025Sandahl Ave2031$195,3161,400 Sq.Ft.3/28/2024Sani Dr141$236,0001,434 Sq.Ft.N/ASawyers Dr5933$369,2712,093 Sq.Ft.7/26/2024Saylor Rd5421$191,9021,402 Sq.Ft.2/18/2025Scandia Ave4732$236,2981,478 Sq.Ft.9/9/2024Scandia Cir732$241,2861,771 Sq.Ft.3/3/2025School St7831$223,4433,404 Sq.Ft.4/23/2025Scott Ave13021$177,3273,629 Sq.Ft.9/9/2024Scout Trl2N/AN/AN/A113,686 Sq.Ft.8/27/2008Searle St13121$158,101957 Sq.Ft.5/29/2025Seneca Ave16231$182,3251,489 Sq.Ft.5/27/2025Seniomsed Ave2N/A1N/A822 Sq.Ft.8/17/2007Shadow Creek Cir1832$327,0561,450 Sq.Ft.9/18/2023Shadow Creek Ln5532$292,6001,726 Sq.Ft.4/30/2025Shadyoak Dr1032$250,6001,729 Sq.Ft.3/14/2023Shawnee Ave23031$222,5701,367 Sq.Ft.5/29/2025Shawnee Pl1231$236,0831,275 Sq.Ft.5/13/2025Shaw St4331$215,2891,421 Sq.Ft.1/23/2025Sheridan Ave42831$214,1111,611 Sq.Ft.6/8/2025Sherman Blvd3532$253,2941,486 Sq.Ft.3/20/2025Sherrick Ave1632$231,8751,485 Sq.Ft.8/9/2024Sherwood Dr1932$261,7371,665 Sq.Ft.3/5/2025Shoreview Cir1733$367,5292,493 Sq.Ft.4/21/2023Shortview Dr142$467,0001,768 Sq.Ft.2/21/2004Shriver Ave3842$553,3512,596 Sq.Ft.3/27/2024Sims Dr1231$201,5831,212 Sq.Ft.7/15/2022Sioux Ct1322$375,1542,060 Sq.Ft.5/22/2025Sioux Run332$330,6671,713 Sq.Ft.12/26/2019Skeies Dr631$206,0001,095 Sq.Ft.10/13/2023Skyline Dr5032$351,1062,294 Sq.Ft.7/31/2023Snyder Ave2931$234,0711,337 Sq.Ft.6/27/2023Southdale Dr3432$241,3241,448 Sq.Ft.11/18/2022Southern Hills Cir744$904,6676,117 Sq.Ft.5/28/2024Southern Hills Dr3734$815,5954,190 Sq.Ft.4/15/2022Southern Woods Dr2343$517,2173,340 Sq.Ft.5/23/2024Southlawn Dr14432$246,1061,512 Sq.Ft.3/21/2025Southridge Blvd1N/AN/AN/A144 Sq.Ft.8/17/2007Southview Dr2831$193,5001,091 Sq.Ft.10/29/2024Southwold Rd2232$359,2502,393 Sq.Ft.3/14/2025Spring St7232$231,4491,414 Sq.Ft.11/14/2024Springwood Ln1833$330,6112,032 Sq.Ft.4/13/2023St Andrews Cir1732$338,8821,662 Sq.Ft.1/9/2025Stanton Ave5532$347,5854,139 Sq.Ft.12/4/2024Star View St3233$336,6252,251 Sq.Ft.1/30/2025State Ave7721$151,8531,202 Sq.Ft.5/29/2025Stephenson Way632$259,1671,812 Sq.Ft.11/18/2024Sterling Trce533$334,0001,972 Sq.Ft.3/4/2021Stewart St7831$180,0781,169 Sq.Ft.12/26/2024Stream Side Cir2333$379,9572,419 Sq.Ft.6/26/2024Summit St1521$181,7331,103 Sq.Ft.6/2/2025Summit Vista Dr3932$309,9741,855 Sq.Ft.9/30/2024Suncrest Dr3832$229,2631,490 Sq.Ft.7/15/2024Sunset Rd3021$217,00011,848 Sq.Ft.6/1/2023Swan Lake Cir2922N/AN/AN/ASweetwater Dr5333$313,6791,880 Sq.Ft.11/5/2024Taylor St1131$297,0912,230 Sq.Ft.8/27/2021Terrace Dr2432$480,0432,237 Sq.Ft.6/6/2025Terrace Rd3632$417,3892,121 Sq.Ft.9/5/2024Thomas Beck Rd4522$476,7227,471 Sq.Ft.7/25/2024Thompson Ave13231$224,5311,876 Sq.Ft.5/22/2025Thornton Ave30432$265,4592,439 Sq.Ft.5/30/2025Thornton Ct1432$270,5711,367 Sq.Ft.7/11/2024Thornton Dr1632$320,0002,064 Sq.Ft.2/12/2025Three Lakes Pkwy3433$313,1182,089 Sq.Ft.4/14/2025Tichenor St6421$144,625826 Sq.Ft.9/15/2023Tiffin Ave22131$207,7811,301 Sq.Ft.5/21/2025Timber Hill Ct1133$313,7271,838 Sq.Ft.6/26/2024Timberline Dr2232$324,9501,920 Sq.Ft.3/26/20251414 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
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
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
1126 10th StDes Moines, IA 50314
Estimated Value $206,000
Living Area 2,055 SqFt
Beds 6
Baths 2
Year Built 1900
Property Type Single Family
Ownership Type Corporate
APN 030/01695-067-001
Neighborhood Cheatom Park
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
1100 School StDes Moines, IA 50309
Estimated Value $192,000
Living Area 1,512 SqFt
Beds 3
Baths 2
Year Built 1894
Property Type Single Family
Ownership Type Related
APN 030/01695-096-000
Subdivision Grass Roots 1
School District Des Moines Independent Community School District
400 E Locust St #308Des Moines, IA 50309
Estimated Value $173,000
Living Area 709 SqFt
Beds 1
Baths 1
Year Built 2005
Property Type Single Family
Ownership Type Individual
APN 040/04251-029-000
Neighborhood Historic East Village
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
1500 E 9th StDes Moines, IA 50316
Estimated Value $232,000
Living Area 1,788 SqFt
Beds 4
Baths 1
Year Built 1913
Property Type Single Family
Ownership Type Related
APN 110/01243-000-000
Neighborhood Capitol Park
School District Des Moines Independent Community School District
1135 10th StDes Moines, IA 50314
Estimated Value $81,000
Living Area 1,688 SqFt
Beds 4
Baths 2
Year Built 1900
Property Type Single Family
Ownership Type Individual
APN 030/01695-079-000
Neighborhood Cheatom Park
School District Des Moines Independent Community School District
201 Grand Ave #101Des Moines, IA 50309
Estimated Value $493,000
Living Area 2,728 SqFt
Beds 3
Baths 3
Year Built 2006
Property Type Townhouse
Ownership Type Related
APN 030/00540-010-000
Neighborhood Downtown Des Moines
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
1700 6th AveDes Moines, IA 50314
Estimated Value $284,000
Living Area 5,826 SqFt
Beds 2
Baths 2
Year Built 2001
Property Type Quadruplex 4 Units
Ownership Type Mixed
APN 080/05228-000-000
Neighborhood River Bend
School District Des Moines Independent Community School District
1300 7th StDes Moines, IA 50314
Estimated Value $218,000
Living Area 1,595 SqFt
Beds 2
Baths 1.5
Year Built 1886
Property Type Single Family
Ownership Type Individual
APN 080/04666-002-000
Neighborhood River Bend
School District Des Moines Independent Community School District
1501 Arlington AveDes Moines, IA 50314
Estimated Value $231,000
Living Area 3,792 SqFt
Beds 2
Baths 2
Year Built 1955
Property Type Apt House 5+ Units
Ownership Type Corporate
APN 080/00394-000-000
Neighborhood River Bend
School District Des Moines Independent Community School District
1441 9th StDes Moines, IA 50314
Estimated Value $262,000
Living Area 1,534 SqFt
Beds 4
Baths 2
Year Built 2013
Property Type Single Family
Ownership Type Multiple
APN 080/06609-001-000
Neighborhood River Bend
School District Des Moines Independent Community School District