BRRRR ★ MARKETS
43STAR SCORE

Des Moines, IA rental market data (2026)

As of September 2026, the typical home in the Des Moines metro costs $292,513 and typical rent is $1,280/month — a price-to-rent ratio of 19 and a gross rental yield of 5.3%. Des Moines scores 43/100 on the Star Score index, ranking #174 of 174 tracked US rental markets.

The Des Moines metro posts a price-to-rent ratio of 19 on a typical home value of $292,513 and typical rent of $1,280/month — a gross rental yield of 5.3% before expenses. Factor scores below show how it stacks up on landlord law, taxes, growth and risk.

New to this? The price-to-rent ratio is the home price divided by a year of rent — lower means rents are big relative to prices, which favors landlords. Gross yield is a year of rent as a % of the price, before expenses. BRRRR = Buy, Rehab, Rent, Refinance, Repeat: buy below market, fix it, rent it, then refinance to pull your cash back out and buy the next one. Full walkthrough in the beginner's guide.

Key numbers

MetricValue
Typical home value (ZHVI)$292,513
Typical rent (ZORI)$1,280/mo
Price-to-rent ratio19
Gross rental yield5.3%
Star Score43/100 ★★☆☆☆
Rank among tracked markets#174 of 174
Your buying power in Des Moines

Why Des Moines scores 43

FactorScoreWeight
Gross yield2135%
Entry price (vs $100K reference budget)3415%
Landlord-friendliness8515%
Equity growth4115%
Property-tax drag (inverted)3810%
Climate & insurance risk (inverted)8010%

More context: Living in Des Moines — economy, industries & affordability

See how it stacks up in the full rankings — head-to-head pages cover the top 15 markets.

Star Opportunities in Des Moines flagged 2026-10-14

Active listings our scanner flagged for under-market signals — price cuts, long days on market, below-comp pricing. Leads to underwrite, not appraisals; verify everything locally.

4545 Ne Aurora Ave, Des Moines, IA 50317 ★ 100
$99,000 · 3bd 1ba · 1,401 sqft
est. 30.0% under market · modeled rent $1,300/mo (15.8% yield)
Motivation 100 · Stale listing−10.0% price cut564 days on marketfind listing →
2303 Carpenter Ave, Des Moines, IA 50311 ★ 100
$225,000 · 1bd Noneba · 2,734 sqft
est. 30.0% under market · modeled rent $1,950/mo (10.4% yield)
Motivation 100 · Stale listing353 days on marketfind listing →
1440 21st St, Des Moines, IA 50311 ★ 100
$170,000 · 4bd 2ba · 2,196 sqft
est. 30.0% under market · modeled rent $1,950/mo (13.8% yield)
Motivation 100 · Stale listing307 days on marketfind listing →
1134 39th St, Des Moines, IA 50311 ★ 100
$219,000 · 3bd 2ba · 2,187 sqft
est. 30.0% under market · modeled rent $1,950/mo (10.7% yield)
Motivation 100 · Chasing the market−18.9% price cut273 days on marketfind listing →
3932 University Ave, Apt 2, Des Moines, IA 50311 ★ 100
$95,000 · 2bd 1ba · 882 sqft
est. 30.0% under market · modeled rent $820/mo (10.4% yield)
Motivation 100 · Stale listing265 days on marketfind listing →

Run one through the BRRRR calculator. Rent figures are modeled from metro data, not appraisals.

Investor-friendly agent working Des Moines? Become this market's Featured Agent →

What would a rehab cost here?

National rule-of-thumb renovation costs (2026, per square foot) applied to a typical ~1,400 sq ft single-family in this market — every house differs, so treat these as planning ranges, not bids:

Scope$/sq ftTypical house
Paint & refresh (cosmetic light)$15–25$21K–35K
Cosmetic full (floors, kitchen refresh, baths)$25–45$35K–63K
Full renovation (systems + finishes)$45–75$63K–105K
Gut / structural$75–120$105K–168K

Run your own numbers for Des Moines in the BRRRR & rehab calculator. Run a rehab crew in Des Moines? Founding crews list free →

Frequently asked questions

Is Des Moines a good market for rental property in 2026?

Des Moines scores 43/100 on the Star Score index (#174 of 174 tracked markets), with a gross rental yield of 5.3% at September 2026 prices. At current prices it works better as a place to live than a place to snowball rental equity.

What is the price-to-rent ratio in Des Moines?

19 — the typical home value ($292,513) divided by a year of typical rent ($1,280/month × 12). Ratios under about 15 generally favor buying and landlording.

Is Des Moines a good BRRRR market in 2026?

With a typical home at $292,513 and rent of $1,280/month (5.3% gross yield), Des Moines can work for BRRRR in select submarkets, but higher prices or thinner yields mean deals need bigger discounts to snowball.

How much rent does the typical Des Moines home earn?

Typical asking rent in the Des Moines metro is $1,280 per month as of September 2026, per Zillow's Observed Rent Index.

Home values and rents: Zillow ZHVI / ZORI, September 2026 metro figures. Factor scores are editorial estimates on public data. Last reviewed October 2026. Not investment advice — verify locally before acting. Methodology & sources.