Real Estate Investing in Des Moines, Iowa (50312)

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

Polk County • Population: 15,492 • Data updated: September 2026

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Should you buy in 50312 (Des Moines, IA)? Our answer, based on the numbers below.

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

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

📈 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 Des Moines, IA (50312)?

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3.0/ 5

Investability

Overall investment appeal

2.0/ 5

Appreciation

Long-term value growth

3.0/ 5

Cashflow ROI

Rental yield potential

Avg Home Value $298,092
Avg Monthly Rent $1,196
1% Rule ✗ Does Not Meet
Median Income $77,612
% Renters 35.0%

Market Analysis: 50312 Des Moines

This part of Polk County is not an easy win. The 50312 ZIP shows softness in key indicators, and the playbook that works in cleaner markets often stalls here.

Rent of $1,196/mo on a $298K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 50312 sits below the stated 0.0% once reality is priced in.

Regionally, 50312 sits on the difficult end of the IA spectrum. The a strong candidate for read — for disciplined operators — is that pricing reflects the difficulty.

Who lives in 50312 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.

New investors are better served looking at Des Moines's stable or hybrid ZIPs before stepping into 50312. The learning curve here is expensive when the lesson is wrong.

Explore the Data — Click a Tab Below
🏦 Current 30-yr Fixed Mortgage Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS

Here's what matters if you're considering buying a home in Des Moines:

C+ Average
Buy Confidence Score: 69/100
Affordability
15/25
Appreciation
18/25
Stability
11/20
Timing
10/15
Rental backup
15/15
Affordability
Moderate
Homes cost 3.8× the median income
Value Trend
Rising (+3.4%)
How home values changed in the past year
Rental Backup
Strong
Could rent for $1,196/mo if you need to move
Market Conditions
COOL
More inventory, negotiating room for buyers
Bottom Line: Mixed signals in this market. Research specific properties carefully and be prepared to negotiate.
❄️
COOL MARKET
Des Moines-West Des Moines, IA Metro Area
More inventory, negotiating room for buyers
62 days
Average time to sell
Slow
11.0%
Listings with price cuts
Few Cuts
0.0%
Sale price vs asking
Below Ask
0.0%
Income needed for mortgage
Affordable
📅 Market conditions as of August 29, 2026 — updated weekly from Des Moines-West Des Moines, IA metro data
🏠

Property Strategy for 50312

Which property type performs best in this market?

Best for Cash Flow
1BR
5.3% cap rate
Best for Appreciation
5BR
+7.1% 5yr CAGR
Best Overall Value
2BR
$98,093/bedroom
📊 Compare All Property Types →
Type Median Value Est. Rent Cap Rate 5yr CAGR $/Bedroom
1BR $141,350 $1,050 5.3% +4.0% $141,350
2BR $196,186 $1,250 4.6% +5.2% $98,093
3BR $298,998 $1,700 4.1% +5.4% $99,666
4BR $471,640 $1,750 2.7% +6.0% $117,910
5BR $721,800 +7.1% $144,360

Market Trends

Home Value History (with trend line)

$313K$277K$241K$206K$170K$135KJul 2006Jul 2016Jul 2026

Rent History (with trend line)

$1,299$1,217$1,134$1,052$970$888Jan 2023Oct 2024Jul 2026

📊 How Does 50312 Compare?

Metric 50312 Des Moines Des Moines-West Des Moines, IA Iowa
Home Value $298,092 $212,617 N/A $227,232
5-Year CAGR 4.3% 4.6% N/A 6.0%
Avg Rent $1,196 $1,115 N/A -
Cap Rate 3.1% 4.0% - -
💡 Why Invest in 50312? Click to expand

With a 3/5 investability rating, this ZIP shows solid fundamentals for buy-and-hold investors.

A healthy rental market with 35% renter-occupied households ensures tenant availability.

📊 See where this ZIP ranks in our Best-of lists →
A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Free to search · investor plans from $19/mo

Landlord Ground Truth

Real numbers from people who own or manage rentals in ZIP 50312 (Des Moines, IA). Anonymous, moderated, never written by AI.

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Investability
Good
Cap Rate
3.1%
Low
5yr Growth
+4.3%
Moderate

📊 Market Snapshot

Home Value $298,092
Monthly Rent $1,196
Price-to-Rent 20.8:1
1% Rule ✗ Fails

💰 Return Metrics

Gross Yield 4.8%
Cap Rate 3.1%
5-Year IRR 7.4%

📈 Home Appreciation

1-Year +3.4% ▲
3-Year CAGR +2.6% ▲
5-Year CAGR +4.3% ▲
10-Year CAGR +5.0% ▲

🏠 Rent Trends

1-Year +16.0% ▲
3-Year CAGR +8.4% ▲
5-Year CAGR N/A
Negative Leverage — IRR / Tax Play Cap Rate: 3.1%  |  30yr Rate: 6.8%
Leverage reduces cash returns at current rates.

The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.1%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.

Run an IRR Analysis →

⚠️ Risk Signals

Composite view of factors that can impact a ZIP's stability and your downside risk.

Vacancy
5.8%
Low risk
Landlord Climate
5.0/5
Friendly
Value Trend (5yr)
+4.3%
Stable
Eviction process: Fast Rent control: Favorable

Demographics in 50312

Population: 15,492

💰 Median Household Income
$77,612
This area
$77,612
State
$71,886
USA
$74,580
🏠 Renter Occupied
35.0%
This area
35.0%
State
19.7%
USA
34.0%
💼 Unemployment Rate
1.7%
This area
1.7%
State
0.0%
USA
3.7%
🎓 College Educated
62.1%
This area
62.1%
State
18.8%
USA
33.7%
👤 Median Age
40.4 years
This area
40.4 years
State
40.2 years
USA
38.9 years
🏚️ Vacancy Rate
5.8%
This area
5.8%
State
11.7%
USA
10.5%
👥 Population by Ethnicity
White 85.3%
Other/Mixed 6.6%
Asian 5.2%
Hispanic/Latino 4.2%
Black/African American 3.0%
👶 Under 18
19.2%
This area
19.2%
USA
22.0%
👴 65 and Over
20.9%
This area
20.9%
USA
17.3%
📊 Poverty Rate
5.2%
This area
5.2%
USA
11.5%

Crime & Safety

🚧

Crime & Safety Data Coming Soon

We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.

Expected: Q1 2025

🎓 Schools in 50312

B+ Avg School Grade
7 Schools
15.9:1 Avg Class Size
$16,255 Avg Per Pupil

Schools in This ZIP Code

A Very Good

Hanawalt Elementary

📚 K – 05 Elementary
👥
317 Students
👨‍🏫
12.0:1 Class Size
💰
$16,255 Per Student
A Very Good

Greenwood Elementary School

📚 Pre-K – 05 Elementary
👥
307 Students
👨‍🏫
14.9:1 Class Size
💰
$16,255 Per Student
A Very Good

Hubbell Elementary

📚 K – 05 Elementary
👥
383 Students
👨‍🏫
15.0:1 Class Size
💰
$16,255 Per Student
B+ Above Average

Callanan Middle School

📚 06 – 08 Middle
👥
543 Students
👨‍🏫
16.5:1 Class Size
💰
$16,255 Per Student
B+ Above Average

Merrill Middle School

📚 06 – 08 Middle
👥
651 Students
👨‍🏫
17.4:1 Class Size
💰
$16,255 Per Student
B+ Above Average

Ruby Van Meter

📚 K – 12 K-12
👥
112 Students
👨‍🏫
4.9:1 Class Size
💰
$16,255 Per Student
D Needs Improvement

Roosevelt High School

📚 09 – 12 High School
👥
2,039 Students
👨‍🏫
30.5:1 Class Size
💰
$16,255 Per Student

Nearby Schools (5 more)

Schools in adjacent ZIP codes that may serve this area

A+ Excellent

Clive Learning Academy

📚 Pre-K – 06 School
📍 1600 73rd Street, Des Moines
👥
512 Students
👨‍🏫
11.8:1 Class Size
💰
$17,877 Per Student
A Very Good

Edmunds Elementary School

📚 K – 05 Elementary
📍 950 15th Street, Des Moines
👥
286 Students
👨‍🏫
11.2:1 Class Size
💰
$16,255 Per Student
A Very Good

King Elementary School

📚 K – 05 Elementary
📍 1849 Forest Ave, Des Moines
👥
273 Students
👨‍🏫
11.0:1 Class Size
💰
$16,255 Per Student
A Very Good

Windsor Elementary

📚 K – 05 Elementary
📍 5912 University Avenue, Des Moines
👥
267 Students
👨‍🏫
12.0:1 Class Size
💰
$16,255 Per Student
A Very Good

Jefferson Elementary School

📚 K – 05 Elementary
📍 2425 Watrous Ave, Des Moines
👥
306 Students
👨‍🏫
14.0:1 Class Size
💰
$16,255 Per Student
About Repit School Scores

Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.

We evaluate schools based on factors that research shows actually impact educational outcomes:

  • Class Size — Smaller classes mean more individual attention
  • School Funding — Resources available for programs, staff, and facilities
  • Community Factors — Neighborhood characteristics that influence student success
  • School Environment — Size, type, and structure

Scores are updated annually using federal education data.

🎓 Nearby Colleges & Universities

8 Nearby
C+
Drake University
4,504 students · 1.9 mi
D
UnityPoint Health-Des Moines School of Radiologic Technology
16 students · 2.2 mi
D
Mercy College of Health Sciences
907 students · 2.8 mi
C
Iowa School of Beauty-Des Moines
74 students · 3.6 mi
C
Body Wisdom Massage Therapy School
36 students · 4.5 mi
C
Grand View University
1,796 students · 4.7 mi
D
La James International College-Johnston
113 students · 6.4 mi
C+
Aveda Institute-Des Moines
179 students · 6.6 mi

Frequently Asked Questions

What are vacancy rates like in Des Moines, IA?

Vacancy risk in Des Moines, IA is elevated. That supports even-keeled cash flow for typical rental holds.

Are tenants stable in Des Moines, IA?

Expect a solid tenant pool in Des Moines, IA. The rental market absorbs $1,196/mo rents without meaningful friction.

How do experienced investors play Des Moines, IA?

For Des Moines, IA, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.

How landlord-friendly is Des Moines, IA?

IA ranks as a landlord-friendly state for landlord-tenant law. Des Moines generally follows the statewide framework, so landlords face reasonable operating rules.

Where do home prices stand in Des Moines, IA?

Typical homes in Des Moines, IA go for around $298K. The 5-year CAGR of 0.0% measured price movement.

You know 50312 now. You don’t know where it ranks.

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How 50312 ranks in Des Moines-West Des Moines, IA

Every ZIP in this metro, ranked. Free.

Cash Flow → Appreciation → Affordable →
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