Real Estate Investing in Grimes, Iowa

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1 ZIP codes • Population: 16,254 • Polk County

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Should you buy in Grimes, IA? Our answer, based on the numbers below.

🏠 For Homebuyers
MIXED
Grade C (69/100)

Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
CLEAN

No major risk flags on the data we track.

What’s happening in Grimes, IA?

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3.0/ 5

Investability

Citywide average

2.0/ 5

Appreciation

3.6% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $348,772
Avg Monthly Rent $1,367
ZIP Codes 1

Investing in Grimes Real Estate

With a sizable population across 1 ZIPs, Grimes shows the kind of soft fundamentals that keep most out-of-state capital on the sidelines.

Investors considering Grimes, IA should understand what the ★★★☆☆ rating represents — a market with material structural headwinds, not a temporary rough patch.

Rent trends and price trends in Grimes are both soft, which is the uncomfortable combination that defines distressed-leaning markets in Iowa.

Population dynamics in Grimes haven't been supportive. better suited elsewhere for combined with thin income growth, the demographic backdrop complicates any purely financial underwriting.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Best ZIP codes in Des Moines-West Des Moines, IA

Grimes is part of this metro. Every ZIP in it, ranked. Free.

Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

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Avg Home Value
$348,772
Avg Monthly Rent
$1,367
1% Rule
✗ Below
Landlord Friendly (IA)

ZIP Codes in Grimes, IA

Screen every ZIP in Grimes

Filter Grimes’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Grimes, IA

What kind of market is Grimes, IA for investors?

Grimes, IA rates 3.0/5 for investability. With median values at $349K and rents near $1,367/mo, the market offers reasonable fundamentals for rental investors.

What are vacancy rates like in Grimes, IA?

Vacancy risk in Grimes, IA is elevated. That supports predictable cash flow for typical rental holds.

Is house hacking profitable in Grimes, IA?

The a challenging house-hack environment in Grimes, IA reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.

Where do home prices stand in Grimes, IA?

Expect median prices around $349K in Grimes, IA. The market has run at a 0.0% 5-year CAGR, so entry costs have been stable.

How strong are rents in Grimes, IA?

Rent in Grimes, IA is around $1,367/mo. The resulting rent-to-value relationship with $349K pricing is reasonable for most investor models.

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