Real Estate Investing in Polk County, Iowa

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

32 ZIP codes • Population: 509,513

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

🏠 For Homebuyers
GOOD FIT
Grade B (71/100)

Solid choice β€” stable market with a reasonable entry point and good rental backup if you ever need to move.

πŸ“ˆ 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.

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3.0/ 5

Investability

County-wide average

3.0/ 5

Appreciation

4.5% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

Avg Investability β˜…β˜…β˜…β˜…β˜…
Avg Home Value $308,009
Avg Monthly Rent $1,238
ZIP Codes 32

Investing in Polk County Real Estate

With 509,513 residents across 20 cities, Polk County shows lackluster fundamentals that keep most passive capital on the sidelines β€” a region that demands real local knowledge.

Polk is the kind of county where the cap rate on paper and the cap rate realized tend to diverge. unambiguously out-of-state capital should be especially careful with carry-in assumptions.

A 509,513 population and $N/AK household income profile is what makes Polk a challenging rental region β€” the base is present, but the affordability math is tight.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Landlord Ground Truth

Real numbers from people who own or manage rentals in Polk County, IA. Anonymous, moderated, never written by AI.

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Avg Home Value
$308,009
Avg Monthly Rent
$1,238
1% Rule
βœ— Below
Landlord Friendly (IA)
β˜…β˜…β˜…β˜…β˜…

πŸŽ“ Colleges & Universities in Polk County

11 Colleges 34,150 Students 13,258 Off-Campus Renters
C+
Drake University
4-Year Private Β· 4,504 students
C+
Faith Baptist Bible College and Theological Seminary
4-Year Private Β· 586 students
C+
Aveda Institute-Des Moines
2-Year For-Profit Β· 179 students
C+
Des Moines Area Community College
2-Year Public Β· 24,418 students
πŸ“ ~13,258 students rent off-campus
C
Iowa School of Beauty-Des Moines
2-Year For-Profit Β· 74 students
C
Grand View University
4-Year Private Β· 1,796 students
C
Body Wisdom Massage Therapy School
Vocational For-Profit Β· 36 students
C
Des Moines University-Osteopathic Medical Center
4-Year Private Β· 1,521 students
D
La James International College-Johnston
2-Year For-Profit Β· 113 students
D
Mercy College of Health Sciences
4-Year Private Β· 907 students
D
UnityPoint Health-Des Moines School of Radiologic Technology
2-Year Private Β· 16 students

Investor Insight: With 13,258 students living off-campus, Polk County has substantial rental demand from the college population β€” typically stable, lease-renewing tenants.

Cities in Polk County

ZIP Codes in Polk County, IA

50023 β˜… β˜… β˜… β˜… β˜…
Ankeny
Population 45,286
Avg Home $357,414
Avg Rent $1,506/mo
50317 β˜… β˜… β˜… β˜… β˜…
Des Moines
Population 36,721
Avg Home $195,407
Avg Rent $1,257/mo
50315 β˜… β˜… β˜… β˜… β˜…
Des Moines
Population 35,349
Avg Home $198,637
Avg Rent $1,081/mo
50265 β˜… β˜… β˜… β˜… β˜…
West Des Moines
Population 33,061
Avg Home $314,234
Avg Rent $1,290/mo
50322 β˜… β˜… β˜… β˜… β˜…
Urbandale
Population 31,694
Avg Home $295,379
Avg Rent $1,106/mo
50310 β˜… β˜… β˜… β˜… β˜…
Des Moines
Population 31,283
Avg Home $236,782
Avg Rent $989/mo
50021 β˜… β˜… β˜… β˜… β˜…
Ankeny
Population 29,718
Avg Home $320,860
Avg Rent $1,562/mo
50131 β˜… β˜… β˜… β˜… β˜…
Johnston
Population 24,388
Avg Home $403,780
Avg Rent $1,432/mo
50320 β˜… β˜… β˜… β˜… β˜…
Des Moines
Population 23,903
Avg Home $266,248
Avg Rent $1,249/mo
50009 β˜… β˜… β˜… β˜… β˜…
Altoona
Population 21,992
Avg Home $320,611
Avg Rent $1,475/mo
50325 β˜… β˜… β˜… β˜… β˜…
Clive
Population 18,776
Avg Home $435,427
Avg Rent $1,664/mo
50313 β˜… β˜… β˜… β˜… β˜…
Des Moines
Population 18,280
Avg Home $188,066
Avg Rent $1,103/mo
50323 β˜… β˜… β˜… β˜… β˜…
Urbandale
Population 17,065
Avg Home $458,941
Avg Rent $1,723/mo
50111 β˜… β˜… β˜… β˜… β˜…
Grimes
Population 16,254
Avg Home $348,772
Avg Rent $1,367/mo
50316 β˜… β˜… β˜… β˜… β˜…
Des Moines
Population 16,188
Avg Home $163,863
Avg Rent $1,176/mo
50311 β˜… β˜… β˜… β˜… β˜…
Des Moines
Population 15,889
Avg Home $232,728
Avg Rent $963/mo
50312 β˜… β˜… β˜… β˜… β˜…
Des Moines
Population 15,492
Avg Home $298,092
Avg Rent $1,196/mo
50327 β˜… β˜… β˜… β˜… β˜…
Pleasant Hill
Population 12,875
Avg Home $321,543
Avg Rent $1,325/mo
50314 β˜… β˜… β˜… β˜… β˜…
Des Moines
Population 10,203
Avg Home $165,653
Avg Rent $951/mo
50035 β˜… β˜… β˜… β˜… β˜…
Bondurant
Population 9,668
Avg Home $330,907
Avg Rent $1,738/mo
50309 β˜… β˜… β˜… β˜… β˜…
Des Moines
Population 9,199
Avg Home $244,736
Avg Rent $1,272/mo
50321 β˜… β˜… β˜… β˜… β˜…
Des Moines
Population 7,787
Avg Home $361,191
Avg Rent $1,029/mo
50226 β˜… β˜… β˜… β˜… β˜…
Polk City
Population 7,290
Avg Home $429,167
Avg Rent $1,716/mo
50324 β˜… β˜… β˜… β˜… β˜…
Windsor Heights
Population 5,171
Avg Home $289,727
Avg Rent $1,347/mo
50169 β˜… β˜… β˜… β˜… β˜…
Mitchellville
Population 3,532
Avg Home $282,028
Avg Rent $864/mo
50109 β˜… β˜… β˜… β˜… β˜…
Granger
Population 3,371
Avg Home $385,455
Avg Rent $1,098/mo
50237 β˜… β˜… β˜… β˜… β˜…
Runnells
Population 3,275
Avg Home $441,354
Avg Rent $828/mo
50161 β˜… β˜… β˜… β˜… β˜…
Maxwell
Population 2,081
Avg Home $335,386
Avg Rent $882/mo
50244 β˜… β˜… β˜… β˜… β˜…
Slater
Population 1,866
Avg Home $301,007
Avg Rent $882/mo
50073 β˜… β˜… β˜… β˜… β˜…
Elkhart
Population 1,018
Avg Home $321,823
Avg Rent $1,269/mo
50007 β˜… β˜… β˜… β˜… β˜…
Alleman
Population 490
Avg Home $380,067
Avg Rent $1,116/mo
50243 β˜… β˜… β˜… β˜… β˜…
Sheldahl
Population 348
Avg Home $231,018
Avg Rent $1,152/mo

Screen every market in Polk County

Filter this county’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo). Add weekly alerts when these markets move with Investor Pro+.

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Frequently Asked Questions About Polk County

Are home values higher in, IA than the rest of IA?

Versus statewide IA, is broadly in line with. Its 3.0/5 investability score reflects that position.

Are tenants stable in, IA?

The renter base in, IA is reasonable for the $1,238/mo price point. Screening well and pricing to market typically yields consistent tenants.

Are eviction rules reasonable in, IA?

The landlord environment in, IA is tenant-protective. Statewide rules shape most day-to-day operations for rental owners.

How does, IA stack up for property investment?

, IA rates 3.0/5 for investability. With median values at $308K and rents near $1,238/mo, the market offers reasonable fundamentals for rental investors.

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