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
1st131N/A5,000 Sq.Ft.N/A1st Ct9332$245,5161,447 Sq.Ft.1/24/20251st St37331$191,3921,907 Sq.Ft.6/5/20252nd Ave25331$166,1566,635 Sq.Ft.5/9/20252nd Ct2932$274,2001,653 Sq.Ft.9/18/20232nd Pl2631$175,5421,068 Sq.Ft.5/19/20252nd St35631$252,95810,852 Sq.Ft.5/6/20253rd Ave231$239,0001,112 Sq.Ft.5/28/20203rd Ct7433$488,2842,580 Sq.Ft.12/17/20243rd Pl1221$169,250939 Sq.Ft.11/18/20203rd St55931$200,1512,781 Sq.Ft.6/5/20254th Ct9032$305,6111,706 Sq.Ft.4/6/20254th Pl331$230,3331,059 Sq.Ft.1/31/20234th St53331$215,8673,245 Sq.Ft.6/6/20255th Ave25631$171,9115,166 Sq.Ft.5/8/20255th Ct5922$456,5002,181 Sq.Ft.10/22/20245th Pl1232$226,0831,256 Sq.Ft.5/12/20255th St57521$229,9184,993 Sq.Ft.6/3/20256th Ave28232$212,89217,256 Sq.Ft.5/27/20256th Ct953$252,2221,993 Sq.Ft.10/26/20226th Dr11432$276,5238,870 Sq.Ft.4/14/20256th St41231$209,5164,769 Sq.Ft.5/16/20257th Ct1832$234,5561,464 Sq.Ft.11/22/20247th Pl931$182,4441,375 Sq.Ft.1/29/20247th St91532$220,4762,797 Sq.Ft.5/20/20258th Ct13032$312,8381,913 Sq.Ft.5/16/20258th Pl7121$165,6621,071 Sq.Ft.3/20/20258th St82731$185,2282,583 Sq.Ft.5/30/20259th Ct9633$410,7502,101 Sq.Ft.5/1/20259th Pl2931$203,6211,295 Sq.Ft.1/29/20259th St97832$222,6165,364 Sq.Ft.6/6/202510th Pl2631$211,4231,231 Sq.Ft.6/22/202410th St65531$211,3212,608 Sq.Ft.5/7/202511th Ct9432$311,1511,496 Sq.Ft.6/4/202511th Pl6631$213,5001,433 Sq.Ft.11/18/202411th St45531$200,3992,848 Sq.Ft.6/6/202512th Ct3232$380,8441,804 Sq.Ft.4/18/202512th Pl6021$194,6501,132 Sq.Ft.5/1/202512th St82432$215,0741,927 Sq.Ft.6/6/202513th Pl7431$186,2161,333 Sq.Ft.5/23/202513th St66631$189,3341,538 Sq.Ft.6/4/202514th Ct2821$170,4121,733 Sq.Ft.4/25/202414th Pl3131$147,3931,145 Sq.Ft.1/27/202514th St1,38331$204,6307,523 Sq.Ft.6/6/202515th Ct5631$180,0201,141 Sq.Ft.2/28/202515th Pl1331$180,2731,497 Sq.Ft.6/9/202515th St45131$191,8602,207 Sq.Ft.5/21/202516th Ct3521$194,2651,192 Sq.Ft.6/9/202516th Pl1432$280,4291,591 Sq.Ft.3/30/201816th St53431$207,9492,551 Sq.Ft.5/31/202517th Ct10731$173,9804,207 Sq.Ft.5/1/202417th St46831$217,2694,009 Sq.Ft.5/19/202518th Ct9232$232,4021,502 Sq.Ft.5/12/202518th St36232$242,5492,995 Sq.Ft.5/14/202519th Ave2131$227,7893,310 Sq.Ft.12/23/202419th Ct5532$260,5271,373 Sq.Ft.1/28/202519th St41032$222,2373,500 Sq.Ft.5/1/202520th Ct431N/A2,441 Sq.Ft.9/29/202020th Ln4N/AN/AN/A17,265 Sq.Ft.11/2/202120th Pl1721$155,2941,000 Sq.Ft.2/27/202520th St14432$251,6692,305 Sq.Ft.12/19/202421st Ct2632$222,3333,548 Sq.Ft.6/3/202521st St33531$169,4662,027 Sq.Ft.5/27/202522nd Ct7622$210,2741,302 Sq.Ft.4/7/202522nd St53332$193,3374,386 Sq.Ft.6/11/202523rd Ave5531$260,3711,592 Sq.Ft.4/12/202423rd Ct5932$234,1921,487 Sq.Ft.11/23/202423rd Pl2232$244,7621,566 Sq.Ft.11/30/202323rd St60332$202,6321,864 Sq.Ft.5/29/202524th Ct10132$264,8901,538 Sq.Ft.4/29/202524th Dr821$176,0001,093 Sq.Ft.12/12/202224th Pl521$144,4001,206 Sq.Ft.11/22/202424th St59632$206,6972,295 Sq.Ft.5/14/202525th Ct8732$229,4121,439 Sq.Ft.4/1/202525th St46532$226,6521,804 Sq.Ft.5/1/202526th Ct12532$236,5081,431 Sq.Ft.10/21/202426th Pl931$203,2221,169 Sq.Ft.5/22/202526th St44132$240,9901,836 Sq.Ft.6/4/202527th Ct15731$192,7711,244 Sq.Ft.5/21/202527th Pl2931$195,8281,178 Sq.Ft.5/22/202527th St51232$224,3151,763 Sq.Ft.5/30/202528th Ct9531$191,4261,170 Sq.Ft.2/28/202528th Pl2243$431,5002,948 Sq.Ft.11/27/202428th St50632$243,2651,597 Sq.Ft.5/30/202529th Ct4632$259,6821,454 Sq.Ft.4/22/202429th St81632$257,8663,900 Sq.Ft.6/2/202530th Ct1833$336,5001,883 Sq.Ft.4/9/202430th St53932$284,3372,757 Sq.Ft.6/5/202531st Ct7132$297,1131,809 Sq.Ft.5/2/202531st Pl833$551,8753,317 Sq.Ft.3/15/202331st St34532$281,4922,802 Sq.Ft.6/5/202532nd Ct9831$197,7671,306 Sq.Ft.9/6/202432nd Pl933$503,6673,243 Sq.Ft.10/29/202332nd St39032$229,8811,514 Sq.Ft.5/27/202533rd Ct9421$174,215961 Sq.Ft.6/5/202533rd St47932$245,1242,018 Sq.Ft.5/30/202534th Ct3032$306,6551,902 Sq.Ft.5/30/202534th Pl3332$323,0001,986 Sq.Ft.4/29/202534th St55332$271,4702,129 Sq.Ft.6/6/202535th Cir733$334,7141,809 Sq.Ft.5/12/2023815 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
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
507 E Locust St #203Des Moines, IA 50309
Estimated Value $213,000
Living Area 609 SqFt
Beds 1
Baths 1
Year Built 2005
Property Type Residential General
Ownership Type Individual
APN 040/00614-007-000
Neighborhood Historic East Village
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
1322 3rd StDes Moines, IA 50314
Estimated Value $128,000
Living Area 748 SqFt
Beds 2
Baths 1
Year Built 1916
Property Type Residential General
Ownership Type Multiple
APN 080/05956-000-000
Neighborhood River Bend
School District Des Moines Independent Community School District
1320 5th AveDes Moines, IA 50314
Estimated Value $235,000
Living Area 1,753 SqFt
Beds 4
Baths 2.5
Year Built 2019
Property Type Single Family
Ownership Type Multiple
APN 080/02785-000-000
Neighborhood River Bend
School District Des Moines Independent Community School District
1204 Fremont StDes Moines, IA 50316
Estimated Value $160,000
Living Area 1,188 SqFt
Beds 4
Baths 2
Year Built 1885
Property Type Single Family
Ownership Type Trust
APN 040/04431-001-000
Neighborhood Capitol Park
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
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
132 E Center StDes Moines, IA 50309
Estimated Value $879,000
Living Area 3,928 SqFt
Beds 3
Baths 3.5
Year Built 2016
Property Type Townhouse
Ownership Type Multiple
APN 040/00245-026-000
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
101 E Center StDes Moines, IA 50309
Estimated Value $769,000
Living Area 2,497 SqFt
Beds 3
Baths 3.5
Year Built 2016
Property Type Townhouse
Ownership Type Multiple
APN 040/00245-033-000
Neighborhood Historic East Village
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
400 E Locust St #104Des Moines, IA 50309
Estimated Value $621,000
Living Area 1,085 SqFt
Beds 1
Baths 1
Year Built 2005
Property Type Residential General
Ownership Type Individual
APN 040/04251-004-000
Neighborhood Historic East Village
School District Des Moines Independent Community School District
1011 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
507 E Locust St #309Des Moines, IA 50309
Estimated Value $201,000
Living Area 642 SqFt
Beds 1
Baths 1
Year Built 2005
Property Type Residential General
Ownership Type Individual
APN 040/00614-023-000
Neighborhood Historic East Village
School District Des Moines Independent Community School District