1311 Washington Ave · Des Moines, IA
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $473 – $860
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $902 – $1,676
Heat risk 3/10 · Minor
- Hot days now (above 103°F)
- 7 days/yr
- Hot days in 30 yrs
- 15 days/yr
Wind risk 2/10 · Minimal
- Chance of severe wind over 30 yrs
- —
Air-quality risk 2/10 · Minimal
- Unhealthy air days now
- 1 days/yr
- Unhealthy air days in 30 yrs
- 2 days/yr
Risk factors via First Street. Map © Google.
Why this score? — see what drove the C+ grade
The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).
- ARV discount +15.0/15.0
- Cash flow +14.5/30.0
- Appreciation +10.0/10.0
- Rent growth +4.5/5.0
- DSCR +4.4/10.0
- 1% rule +4.2/10.0
- Livability +4.0/5.0
- Schools +3.8/10.0
- Condition / age +2.5/5.0
$99,500
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
The rest of this home’s story is ready to be written! This charming bungalow offers incredible potential with several updates already underway—bringing your vision one step closer to reality. Improvements include LVP flooring in the living and dining areas, partial water line replacement, and early stages of additional finished space in the basement. An anchor wall foundation system was also installed during the seller’s ownership for added peace of mind. Inside, you’ll find a generously sized living room that flows seamlessly into the dining area—perfect for everyday living or entertaining. A cozy kitchen with lots of potential. The Main Level features two bedrooms connected by a Jack-and-Jill bathroom. The basement level offers some already finished space along with an additional bathroom, providing even more room to grow. In the back the large covered pack porch is ready for your creative touches for entertaining. Opportunity, space, and value—all waiting for your personal touch!
Key facts
- Parking
- Built 1921
- Listed 65 days
Neighborhood map
What this means for you Summary
Snapshot
- This is a 2-bed/2.0-bath single-family listed at $100k.
Deal economics
- At list price, monthly cash flow is $22 ($267/yr) — positive.
- The deal already cash-flows at list — no discount required.
- To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $91k (8.2% below list).
- Recommended offer: $91k (8.2% below list) — sets the bar for 1% rule.
- Cap rate 6.6% vs local median 3.1% in Des Moines — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.
Location & tenants
- Location reads 81/100 on livability (#63 in IA, #1,432 nationally) — a professional / high-income tenant draw. Strengths: commute A+, cost of living A+, housing A+; Watch: employment C-, schools D+, crime F.
- Des Moines Independent Community School District (urban): math 43% / reading 46% proficiency, ranked #289 of 289 in IA (top 100%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 63% free/reduced lunch — lower-income household profile, screen leases tightly.
- Market conditions: Rents rising fast (+8.2%/yr); 64 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 52% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 2,953 units permitted in Polk County in 2024 (540 in 5+ unit buildings).
Forward outlook
- In year one you build about $11k of equity ($688 loan paydown + $10k appreciation (10.0% local appreciation)).
- Polk County population projected at +37% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
- At projected returns (10.0% appreciation + 8.0% rent growth), your $28k cash investment doubles in ~3 years — after that, you're playing with house money.
- By year 4, paydown + projected appreciation supports a ~$38k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.
Negotiation context
- It's been on market 65 days — a 6% lower offer ($94k) is reasonable based on typical stale-listing flexibility.
- 6 sale attempts since 18y ago; this cycle's ask has dropped $6k (5%) from the opening price — seller is motivated, your offer sets the floor, not the list.
Risks & watch-outs
- Watch-outs: built in 1921 — expect roof / HVAC / electrical / plumbing capex.
Questions for the listing agent
- It's been on market 65 days. Have you received any prior offers? Is the seller open to a 8% concession, seller financing, or rate buy-down credit?
- Built in 1921 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
- Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
- What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
- What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
- How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.
Investment metrics
- 1% rule
- 0.92% ✗
- Cap rate
- 6.56%
- Cash-on-cash
- 0.96%
- DSCR
- 1.04
- GRM
- 9.1
CMA / ARV
- ARV (median comp)
- $137,017
- List price
- $99,500
- Delta
- -27.38%
- Verdict
- UNDERPRICED
- Comps
- 20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 1513 College Ave | 0.20mi | 2/1.0 | 768 (+2%) | 7mo | $117,000 | $152 | 77 |
| 1910 10th St | 0.25mi | 2/1.0 | 710 (-6%) | 5mo | $108,000 | $152 | 71 |
| 1929 10th St | 0.30mi | 3/1.5 (+1) | 774 (+3%) | 10mo | $136,588 | $176 | 66 |
| 1546 16th St | 0.28mi | 2/1.0 | 720 (-4%) | 14mo | $90,000 | $125 | 65 |
| 1906 10th St | 0.25mi | 2/1.0 | 695 (-8%) | 13mo | $123,500 | $178 | 61 |
| 1523 Allison Ave | 0.26mi | 2/1.0 | 816 (+9%) | 11mo | $162,000 | $199 | 60 |
| 1337 College Ave | 0.14mi | 2/1.0 | 850 (+13%) | 13mo | $164,000 | $193 | 56 |
| 229 Clark St | 0.73mi | 2/1.0 | 748 (-0%) | 7mo | $130,000 | $174 | 56 |
| 1822 22nd St | 0.65mi | 3/2.0 (+1) | 770 (+2%) | 7mo | $175,000 | $227 | 54 |
| 2112 Martin Luther King Jr Pkwy | 0.64mi | 2/1.0 | 795 (+6%) | 2mo | $77,000 | $97 | 54 |
| 1512 2nd Pl | 0.74mi | 2/1.0 | 704 (-6%) | 10mo | $139,900 | $199 | 42 |
| 2219 Lincoln Ave | 0.72mi | 2/1.0 | 830 (+10%) | 11mo | $141,000 | $170 | 36 |
Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.
Projected returns pro-forma
10.0% appreciation · 8.0% rent growth · sell at horizon
- IRR
- 26.8%
- Equity multiple
- 3.17×
- Total profit
- $60,456
- Equity at exit
- $89,637
- IRR
- 24.9%
- Equity multiple
- 7.78×
- Total profit
- $188,927
- Equity at exit
- $193,307
Cash invested: $27,860 (down + closing). Projections, not guarantees.
Landlord ↔ Tenant lean methodology
- Overall (STATE)
- 83 Strongly Landlord-Friendly
- State Iowa
- 83 Strongly Landlord-Friendly · R+6
- County
- — inherits STATE
- City
- — inherits STATE
ZIP-level market 50314
- Home prices YoY
- 9.8%
- Rents YoY
- 8.2%
- Active inventory
- 64
- Price-to-rent
- 9.1×
Monthly cashflow live
- Estimated rent
- $914 high interval (Pro) →
- Mortgage (P&I)
- −$522
- Tax from tax record
- −$136 /mo · $1,638/yr
- Insurance
- −$41
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$192
- Net cashflow
- $22
Break-even live
Sensitivity live
| Price | -10% $79 | -5% $50 | +0% $22 | +5% $-6 | +10% $-34 |
|---|---|---|---|---|---|
| Rent | -10% $-50 | -5% $-14 | +0% $22 | +5% $58 | +10% $94 |
| Rate | -1.0pp $72 | -0.5pp $48 | base $22 | +0.5pp $-4 | +1.0pp $-30 |
UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt
Financing live
Cash to close
- Down payment
- $24,875
- Closing costs
- $2,985
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 40 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 1914 10th St Des Moines, IA | 2.0 | 1.0 | 740 | $1,050 | $1.42 | 44d | 1 | 0.25mi |
| 1914 10th St Des Moines, IA | 2.0 | 1.0 | 740 | $1,050 | $1.42 | 24d | 1 | 0.25mi |
| 1621 9th St Unit 1613-01 Des Moines, IA | 1.0 | 1.0 | 717 | $776 | $1.08 | 44d | 1 | 0.32mi |
| 1621 9th St Unit 1621-15 Des Moines, IA | 1.0 | 1.0 | 625 | $743 | $1.19 | 44d | 1 | 0.32mi |
| 1714 College Ave Des Moines, IA | 3.0 | 1.0 | 1015 | $1,050 | $1.03 | 44d | 1 | 0.35mi |
| 1438 9th St Des Moines, IA | 2.0 | 1.0 | 700 | $745 | $1.06 | 22d | 1 | 0.42mi |
| 1718 22nd St Des Moines, IA | 2.0 | 1.0 | 840 | $995 | $1.18 | 15d | 1 | 0.63mi |
| 1501 University Ave Unit 3 Des Moines, IA | 1.0 | 1.0 | 572 | $595 | $1.04 | 24d | 1 | 0.66mi |
| 1501 University Ave Unit 4 Des Moines, IA | 1.0 | 1.0 | 572 | $595 | $1.04 | 44d | 1 | 0.66mi |
| 1313 21st St Unit 7 Des Moines, IA | 1.0 | 1.0 | 600 | $695 | $1.16 | 44d | 1 | 0.72mi |
| 1313 21st St Unit 2 Des Moines, IA | 1.0 | 1.0 | 600 | $695 | $1.16 | 15d | 1 | 0.72mi |
| 1314 22nd St Unit 1 Des Moines, IA | 1.0 | 1.0 | 535 | $725 | $1.36 | 24d | 1 | 0.82mi |
| 1312 22nd St Des Moines, IA | 2.0 | 1.0 | 841 | $825 | $0.98 | 44d | 1 | 0.82mi |
| 1312 22nd St Unit 2 Des Moines, IA | 2.0 | 1.0 | 841 | $825 | $0.98 | 24d | 1 | 0.82mi |
| 1312 22nd St Unit 2 Des Moines, IA | 2.0 | 1.0 | 841 | $850 | $1.01 | 44d | 1 | 0.82mi |
| 1171 21st St Unit 1 Des Moines, IA | 2.0 | 1.0 | 1028 | $1,150 | $1.12 | 44d | 1 | 0.85mi |
| 2501 24th St Unit 121 Des Moines, IA | 3.0 | 2.0 | 950 | $995 | $1.05 | 24d | 1 | 0.87mi |
| 2501 24th St Apt 107 Des Moines, IA | 3.0 | 2.0 | 950 | $1,045 | $1.10 | 15d | 1 | 0.87mi |
| 2501 24th St Des Moines, IA | 2.0 | 1.0 | 910 | $795 | $0.87 | 24d | 1 | 0.87mi |
| 2501 24th St Unit 113 Des Moines, IA | 2.0 | 1.0 | 750 | $945 | $1.26 | 44d | 1 | 0.87mi |
| 2501 24th St Unit 101 Des Moines, IA | 2.0 | 1.0 | 750 | $725 | $0.97 | 24d | 1 | 0.87mi |
| 2501 24th St Unit 111 Des Moines, IA | 2.0 | 1.0 | 750 | $760 | $1.01 | 24d | 1 | 0.87mi |
| 2413 24th St Unit 3 Des Moines, IA | 2.0 | 1.0 | 600 | $725 | $1.21 | 44d | 1 | 0.87mi |
| 2110 26th St Apt 11 Des Moines, IA | 2.0 | 1.0 | 628 | $925 | $1.47 | 20d | 1 | 0.92mi |
| 913 Day St Des Moines, IA | 2.0 | 1.0 | 800 | $900 | $1.12 | 24d | 1 | 0.96mi |
| 1217 24th St Des Moines, IA | 2.0 | 1.0–2.0 | 618 | $1,400 | $2.26 | 15d | 4 | 0.97mi |
| 1076 21st St Unit 4 Des Moines, IA | 1.0 | 1.0 | 700 | $695 | $0.99 | 44d | 1 | 1.00mi |
| 1215 25th St Unit 1 Des Moines, IA | 1.0 | 1.0 | 610 | $1,200 | $1.97 | 44d | 1 | 1.03mi |
| 1123 24th St Unit 1 Des Moines, IA | 3.0 | 1.0 | 850 | $1,185 | $1.39 | 44d | 1 | 1.08mi |
| 1717 Olive Ave Unit B6 Des Moines, IA | 2.0 | 2.0 | 1092 | $1,700 | $1.56 | 44d | 1 | 1.09mi |
| 933 18th St Des Moines, IA | 1.0 | 1.0 | 550 | $796 | $1.45 | 24d | 1 | 1.10mi |
| 2530 University Ave Des Moines, IA | 2.0 | 1.0 | 647 | $1,750 | $2.70 | 15d | 36 | 1.11mi |
| 1100 24th St Des Moines, IA | 2.0 | 1.0 | 748 | $1,050 | $1.40 | 15d | 1 | 1.11mi |
| 1100 24th St Unit DT 22 Des Moines, IA | 2.0 | 1.0 | 737 | $1,095 | $1.49 | 44d | 1 | 1.11mi |
| 1101 25th St Unit DP 24 Des Moines, IA | 1.0 | 1.0 | 623 | $870 | $1.40 | 44d | 1 | 1.14mi |
| 1101 25th St Apt 2 Des Moines, IA | 1.0 | 1.0 | 631 | $900 | $1.43 | 44d | 1 | 1.14mi |
| 1101 25th St Unit DP 11 Des Moines, IA | 2.0 | 2.0 | 850 | $1,315 | $1.55 | 44d | 1 | 1.14mi |
| 1101 25th St Des Moines, IA | 1.0 | 1.0 | 561 | $835 | $1.49 | 15d | 1 | 1.14mi |
| 1108 25th St Apt 2 Des Moines, IA | 1.0 | 1.0 | 750 | $700 | $0.93 | 44d | 1 | 1.16mi |
| 1118 26th St Unit 3 Des Moines, IA | 1.0 | 1.0 | 750 | $825 | $1.10 | 44d | 1 | 1.20mi |
Listing history 34 events
-
2026-06-21days on market $99,500 Active 65 DOM
-
2026-06-18days on market $99,500 Active 62 DOM
-
2026-06-17days on market $99,500 Active 61 DOM
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2026-06-16days on market $99,500 Active 60 DOM
-
2026-06-15days on market $99,500 Active 59 DOM
-
2026-06-14days on market $99,500 Active 57 DOM
-
2026-06-13days on market $99,500 Active 56 DOM
-
2026-06-10days on market $99,500 Active 54 DOM
-
2026-06-09days on market $99,500 Active 53 DOM
-
2026-06-08days on market $99,500 Active 52 DOM
-
2026-06-07days on market $99,500 Active 51 DOM
-
2026-06-05days on market $99,500 Active 48 DOM
-
2026-06-03days on market $99,500 Active 47 DOM
-
2026-06-02days on market $99,500 Active 46 DOM
-
2026-06-01days on market $99,500 Active 45 DOM
-
2026-05-31days on market $99,500 Active 44 DOM
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2026-05-31days on market $99,500 Active 43 DOM
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2026-05-18status Active 1033-char remark
Show marketing remark (1033 chars)
The rest of this home’s story is ready to be written! This charming bungalow offers incredible potential with several updates already underway—bringing your vision one step closer to reality. Improvements include LVP flooring in the living and dining areas, partial water line replacement, and early stages of additional finished space in the basement. An anchor wall foundation system was also installed during the seller’s ownership for added peace of mind. Inside, you’ll find a generously sized living room that flows seamlessly into the dining area—perfect for everyday living or entertaining. A cozy kitchen with lots of potential. The Main Level features two bedrooms connected by a Jack-and-Jill bathroom. The basement level offers some already finished space along with an additional bathroom, providing even more room to grow. In the back the large covered pack porch is ready for your creative touches for entertaining. Opportunity, space, and value—all waiting for your personal touch!
-
2026-05-11status Pending 1033-char remark
Show marketing remark (1033 chars)
The rest of this home’s story is ready to be written! This charming bungalow offers incredible potential with several updates already underway—bringing your vision one step closer to reality. Improvements include LVP flooring in the living and dining areas, partial water line replacement, and early stages of additional finished space in the basement. An anchor wall foundation system was also installed during the seller’s ownership for added peace of mind. Inside, you’ll find a generously sized living room that flows seamlessly into the dining area—perfect for everyday living or entertaining. A cozy kitchen with lots of potential. The Main Level features two bedrooms connected by a Jack-and-Jill bathroom. The basement level offers some already finished space along with an additional bathroom, providing even more room to grow. In the back the large covered pack porch is ready for your creative touches for entertaining. Opportunity, space, and value—all waiting for your personal touch!
-
2026-04-30price $99,500 1033-char remark
Show marketing remark (1033 chars)
The rest of this home’s story is ready to be written! This charming bungalow offers incredible potential with several updates already underway—bringing your vision one step closer to reality. Improvements include LVP flooring in the living and dining areas, partial water line replacement, and early stages of additional finished space in the basement. An anchor wall foundation system was also installed during the seller’s ownership for added peace of mind. Inside, you’ll find a generously sized living room that flows seamlessly into the dining area—perfect for everyday living or entertaining. A cozy kitchen with lots of potential. The Main Level features two bedrooms connected by a Jack-and-Jill bathroom. The basement level offers some already finished space along with an additional bathroom, providing even more room to grow. In the back the large covered pack porch is ready for your creative touches for entertaining. Opportunity, space, and value—all waiting for your personal touch!
-
2026-04-10$105,000 Active 1033-char remark
Show marketing remark (1033 chars)
The rest of this home’s story is ready to be written! This charming bungalow offers incredible potential with several updates already underway—bringing your vision one step closer to reality. Improvements include LVP flooring in the living and dining areas, partial water line replacement, and early stages of additional finished space in the basement. An anchor wall foundation system was also installed during the seller’s ownership for added peace of mind. Inside, you’ll find a generously sized living room that flows seamlessly into the dining area—perfect for everyday living or entertaining. A cozy kitchen with lots of potential. The Main Level features two bedrooms connected by a Jack-and-Jill bathroom. The basement level offers some already finished space along with an additional bathroom, providing even more room to grow. In the back the large covered pack porch is ready for your creative touches for entertaining. Opportunity, space, and value—all waiting for your personal touch!
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2022-01-20soldstatus $95,000
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2022-01-11soldstatus $94,900 Closed 420-char remark
Show marketing remark (420 chars)
Unique floorplan close to State Fairgrounds. Main floor features 2 bedrooms with jack and jill bathroom. Partially finished basement with full bathroom and non conforming bedroom perfect for home office to work from home. Large fully fenced yard includes children’s playset. Extensive renovations when home was purchased in 2010: everything torn down to the studs, new electrical, & drywall. New roof 06/2017.
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2021-12-02status Pending 420-char remark
Show marketing remark (420 chars)
Unique floorplan close to State Fairgrounds. Main floor features 2 bedrooms with jack and jill bathroom. Partially finished basement with full bathroom and non conforming bedroom perfect for home office to work from home. Large fully fenced yard includes children’s playset. Extensive renovations when home was purchased in 2010: everything torn down to the studs, new electrical, & drywall. New roof 06/2017.
-
2021-09-22$94,900 Active 420-char remark
Show marketing remark (420 chars)
Unique floorplan close to State Fairgrounds. Main floor features 2 bedrooms with jack and jill bathroom. Partially finished basement with full bathroom and non conforming bedroom perfect for home office to work from home. Large fully fenced yard includes children’s playset. Extensive renovations when home was purchased in 2010: everything torn down to the studs, new electrical, & drywall. New roof 06/2017.
-
2021-09-22historical
Show marketing remark (420 chars)
Unique floorplan close to State Fairgrounds. Main floor features 2 bedrooms with jack and jill bathroom. Partially finished basement with full bathroom and non conforming bedroom perfect for home office to work from home. Large fully fenced yard includes children’s playset. Extensive renovations when home was purchased in 2010: everything torn down to the studs, new electrical, & drywall. New roof 06/2017.
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2021-09-17price $94,900
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2021-08-24$98,000 Active
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2018-06-14historical
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2018-05-21price $75,000
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2018-05-01price $78,000
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2018-04-24$80,000 Active
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2010-01-15soldstatus $24,000
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2008-11-17$27,500
ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot
backfill from property_details.listing_events for pre-trigger history.
Tax reassessment forecast IA · Partial reset (capped growth)
- Current annual tax
- $1,638 · $136/mo
- Projected year-2 tax
- $1,638 · $136/mo
- Expected delta
- $0/yr ($0/mo · 0.0%)
ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.
Climate risk First Street
- Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
- Wildfire 1/10 Low
- Heat 3/10 Moderate 7 d/yr ≥103°F today · 15 d/yr by 30 yrs out
- Wind 2/10 Low
- Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $10,966
- − Mortgage interest
- −$5,574
- − Property taxes
- −$1,638
- − Insurance
- −$498
- − Repairs & maintenance
- −$877
- − Management
- −$877
- − Depreciation
- −$2,895
- Taxable loss
- −$1,392
- Est. tax savings @ 24.0%
- +$334
- After-tax cash flow
- $601/yr
For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.
Schools (NCES district)
- District
- Des Moines Independent Community School District
- NCES district ID
- 1908970
- Math proficiency
- 43% ▼ -6.00%
- Reading proficiency
- 46% ▼ -1.00%
- Median HH income
- $45,905
- Composite
- 37.83/100
- National rank
- #4331
- State rank
- #289 of 289 in IA
Livability — Des Moines
- Score
- 81/100
- State rank
- #63
- US rank
- #1432
Category grades
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- Des Moines, IA
- County
- Polk County · 453,298 people
- City population
- 203,612
- Metro
- Des Moines-West Des Moines, IA
- Population (ZIP)
- 10,438
- Household income
- $39,950
- Rent vs Own
- Severe rent burden
- 903.0
Population outlook (Polk County) Hauer SSP2
- Today (2025)
- 548,042 people
- By 2030
- 588,557 · +7.4%
- By 2040
- 670,629 · +22.4%
- By 2050
- 752,830 · +37.4%
- By 2075
- 955,069 · +74.3%
- By 2100
- 1,115,436 · +103.5%
Race, ethnicity, and origin ACS 2023
- Neighborhood character
- Highly diverse neighborhood (Simpson 0.73)
- Race & ethnicity
- Black 37% White 29% Hispanic / Latino 20% Asian 12% Two or more races 10%
- Hispanic origin (detail)
- Mexican 13%
- Common ancestry
- Ukrainian 6% Iranian 2% Swiss 1%
- Foreign-born
- 26% · Canada, Vietnam, Philippines
- Languages at home
- 60% English-only · Spanish 16% Vietnamese 6% Other Asian/Pacific 4%
Political lean MEDSL · Polk
- 2024 margin
- D (+10.9) · D 54.8% · R 43.9% · Other 1.3%
- 2008→2024 swing
- -3.7pp toward R · 2008: 14.6pp · 2024: 10.9pp
- All cycles
- 2024: D+10.9 2020: D+15.2 2016: D+11.5 2012: D+14.2 2008: D+14.6
Not yet ingested
- Civics
- —
Market trends
- HPI YoY
- ▲ 30.18%
- Current HPI
- 338.8301
- Rent YoY
- ▲ 8.17%
- Metro
- Des Moines-West Des Moines, IA
- State GDP YoY
- ▲ 2.48%
- F500 in state
- 4
Industry mix (Fortune 500 HQ in IA)
| Industry | F500 HQs | Revenue |
|---|---|---|
| Financial Services | 1 | $16B |
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| Retail / Convenience | 1 | $15B |
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Price history
+261.8% since first listed17 events — show timeline
- 2026-05-18 Relisted — DMMLS
- 2026-05-11 Pending — DMMLS
- 2026-04-30 Price Changed $99,500 DMMLS
- 2026-04-10 Listed $105,000 DMMLS
- 2022-01-20 Sold (Public Records) $95,000 Public Records
- 2022-01-11 Sold (MLS) $94,900 DMMLS
- 2021-12-02 Pending — DMMLS
- 2021-09-22 Listing Removed — DMMLS
- 2021-09-22 Listed $94,900 DMMLS
- 2021-09-17 Price Changed $94,900 DMMLS
- 2021-08-24 Listed $98,000 DMMLS
- 2018-06-14 Listing Removed — DMMLS
- 2018-05-21 Price Changed $75,000 DMMLS
- 2018-05-01 Price Changed $78,000 DMMLS
- 2018-04-24 Listed $80,000 DMMLS
- 2010-01-15 Sold (MLS) $24,000 DMMLS
- 2008-11-17 Listed $27,500 DMMLS
Property tax history
+5.9%/yrLatest (2025): $1,638 · +2.0% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…