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Market MapDes Moines, IA
Metropolitan Area

Des Moines, IA

Iowa0
58
/100
Hold
#564 of 894 metros
Top 63% nationally for investing

Market Snapshot

$286,599
Median Home Price
17% above national median
$1,251/mo
Median Rent
10% below national median
5.24%
Rent-to-Price Ratio
Top 70% nationally
-$690
Est. Monthly Cash Flow
With 20% down at 6.9% rate

Price History

Trend based on YoY growth rate. Source: Zillow ZHVI/ZORI

Quick Investment Calculator

20%
5%50%100%

Purchase

Purchase Price$286,599
Down Payment (20%)$57,320
Loan Amount$229,279
Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,251
Monthly P&I-$1,502
Est. Expenses (35%)-$438
Net Cash Flow-$690/mo
3.4%
Cap Rate (all cash)
-12.6%
Cash-on-Cash Return
5.24%
Rent-to-Price Ratio
Negative leverage: At 6.85% rates, borrowing costs exceed the 3.4% cap rate. All-cash buyers may see better returns.

* Based on metro-wide median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Individual counties and properties vary significantly.

Run Full AnalysisTry House Hack Strategy

Score Breakdown

Overall Investment Score
58/100
58
Cash Flow(30%)
49/100

Based on 5.24% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)
69/100

Based on 2.0% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)
50/100

Based on 0.0% population growth. Growing areas indicate economic stability.

Affordability(20%)
69/100

Based on price relative to estimated local incomes.

Scores are calculated using real Zillow metro-level home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. This metro score represents area-wide averages; individual counties may vary significantly.

Investment Outlook

Strengths

  • +Low unemployment (0.0%)

Challenges

  • -Below-average rent-to-price ratio (5.24%)
  • -Negative cash flow at typical financing (-$690/mo)
  • -Negative leverage (cap rate 3.4% < mortgage rate 6.9%)

Counties in Des Moines, IA

County data is being compiled for this metro area.

Compare to Similar Metros

Metro AreaVerdict
Marinette, WI
Marinette, WI
78$194,779Est.Strong BuyView
Peoria, IL
Peoria, IL
78$162,247$1,1458.47%Strong BuyView
Lawton, OK
Lawton, OK
78$148,862$1,0528.48%Strong BuyView
Marion, IN
Marion, IN
78$147,209Est.Strong BuyView
Marietta, OH
Marietta, OH
78$179,217$1,2808.57%Strong BuyView
Current
Des Moines, IA
58$286,599$1,2515.24%Hold

The Bottom Line

HoldDes Moines, IA is a neutral market. Consider house hacking or targeting below-market deals in specific counties.

The Des Moines, IA metro area scores 58/100, ranking #564 of 894 US metros (top 63%). The 5.24% rent-to-price ratio may require targeting specific counties or creative strategies for positive cash flow. Current metro-wide averages make traditional buy-and-hold investing challenging. Consider house hacking, value-add strategies, or drilling down to specific counties.

Monthly Cash Flow
$-690/mo
Cap Rate
3.4%
Cash-on-Cash
-14.4%

Ready to Invest in Des Moines, IA?

Use our investment calculators to run detailed numbers on specific properties, or explore individual counties for more targeted opportunities.

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