Is Des Moines, IA a good place to invest in rental property?

Des Moines, IA has a median modeled monthly cash flow of $-630 and a median cap rate of 3.1%, on a median sold price of $220,000. Prices changed +0.5% year over year.

What is the average cap rate in Des Moines, IA?

The median cap rate across recently sold homes in Des Moines, IA is 3.1%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Des Moines, IA?

The median sold price in Des Moines, IA is $220,000 (about $198 per square foot).

Investing in Des Moines, IA Real Estate

A data-driven snapshot of the Des Moines, IA rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$220,000Median sold price

$198Median $/sqft

3.1%Median cap rate

$-630Modeled cash flow / mo

+0.5%Appreciation YoY

7.0Months of supply

1,653Active listings

2,816Sold (last 12 mo)

What the Des Moines numbers say

In Des Moines, IA, the median home sold for $220,000 (about $198 per square foot), and the typical deal models out to a 3.1% cap rate with a median $-630 of monthly cash flow. Sold prices moved +0.5% over the past year. Inventory sits at about 7.0 months of supply. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Iowa markets to compare

See Des Moines cash-flowing listings

CashFlowRE ranks every for-sale home in Des Moines, IA by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Des Moines deals, or browse the national market data.