Which ZIP codes in the Des Moines, IA metro have the highest rental yield?

50316 (Des Moines) at 9.2%, 50317 (Des Moines) at 7.7%, 50314 (Des Moines) at 7.5%, on Zillow value and rent. The full table above sorts by any column.

Rental numbers for the Des Moines, IA metro

The typical home here runs -$1,182 a month at 7.78% with 25% down. 0 of 28 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 5.1%.

Gross yield: 5.3%; typical home, Zillow
Median ZIP yield: 5.1%; 28 ZIPs with full data
Cash flow: -$1,182/mo; at 7.78%, 25% down
Typical price: $294,000; Zillow ZHVI, Aug 2026
Typical rent: $1,297/mo; Zillow ZORI, Aug 2026

ZIP codes in the metro

84 with published figures


50029Bayard	$110,000	$1,000*	10.9%	5.7%	-$75	n/a
50316Des Moines	$165,000	$1,261	9.2%	4.4%	-$289	n/a
50317Des Moines	$193,000	$1,245	7.7%	3.2%	-$522	+2.3%
50220Perry	$173,000	$1,090*	7.5%	3.1%	-$482	n/a
50314Des Moines	$163,000	$1,016	7.5%	3.1%	-$459	+0.6%
50313Des Moines	$187,000	$1,158	7.4%	2.9%	-$549	n/a
50026Bagley	$168,000	$980*	7.0%	2.7%	-$532	n/a
50118Hartford	$237,000	$1,380*	7.0%	3.1%	-$668	n/a
50243Sheldahl	$230,000	$1,280*	6.7%	2.6%	-$735	n/a
50233Redfield	$229,000	$1,270*	6.7%	3.0%	-$656	n/a
50146Linden	$299,000	$1,640*	6.6%	3.6%	-$702	n/a
50315Des Moines	$198,000	$1,067	6.5%	2.0%	-$737	+2.7%
50128Jamaica	$174,000	$920*	6.3%	2.3%	-$607	n/a
50309Des Moines	$242,000	$1,238	6.1%	2.5%	-$807	+0.8%
50002Adair	$206,000	$1,050*	6.1%	2.6%	-$662	n/a
50047Carlisle	$290,000	$1,460*	6.0%	2.3%	-$1,010	n/a
50048Casey	$211,000	$1,050*	6.0%	2.1%	-$770	n/a
50324Windsor Heights	$286,000	$1,400	5.9%	1.8%	-$1,112	n/a
50009Altoona	$320,000	$1,560	5.9%	2.0%	-$1,182	n/a
50021Ankeny	$318,000	$1,535	5.8%	1.9%	-$1,209	+1.3%
50277Yale	$216,000	$1,040*	5.8%	1.1%	-$976	n/a
50070Dexter	$250,000	$1,200*	5.8%	2.3%	-$872	n/a
50208Newton	$207,000	$988	5.7%	1.6%	-$838	n/a
50232Reasnor	$252,000	$1,180*	5.6%	2.6%	-$815	n/a
50320Des Moines	$265,000	$1,234	5.6%	1.5%	-$1,094	n/a
50164Menlo	$226,000	$1,030*	5.5%	2.1%	-$825	n/a
50263Waukee	$345,000	$1,571	5.5%	1.7%	-$1,359	+3.3%
50323Urbandale	$457,000	$2,075	5.5%	1.9%	-$1,749	n/a
50066Dawson	$246,000	$1,110*	5.4%	2.2%	-$874	n/a
50250Stuart	$232,000	$1,040*	5.4%	1.9%	-$888	n/a
50160Martensdale	$222,000	$990*	5.3%	1.5%	-$918	n/a
50115Guthrie Center	$215,000	$950*	5.3%	1.6%	-$864	n/a
50054Colfax	$238,000	$1,030*	5.2%	1.5%	-$976	n/a
50073Elkhart	$326,000	$1,410*	5.2%	1.6%	-$1,337	n/a
50112Grinnell	$227,000	$980*	5.2%	1.5%	-$944	n/a
50327Pleasant Hill	$319,000	$1,366	5.1%	1.4%	-$1,334	n/a
50135Kellogg	$229,000	$970*	5.1%	1.6%	-$926	n/a
50023Ankeny	$355,000	$1,502	5.1%	1.3%	-$1,525	+1.8%
50141Laurel	$251,000	$1,040*	5.0%	1.5%	-$1,041	n/a
50273Winterset	$300,000	$1,240*	5.0%	1.2%	-$1,318	n/a
50325Clive	$434,000	$1,798	5.0%	1.5%	-$1,797	n/a
50266West Des Moines	$335,000	$1,381	5.0%	1.4%	-$1,427	+1.7%
50311Des Moines	$231,000	$950	4.9%	0.8%	-$1,100	+2.2%
50265West Des Moines	$311,000	$1,274	4.9%	1.2%	-$1,369	+1.8%
50035Bondurant	$329,000	$1,340*	4.9%	1.2%	-$1,457	n/a
50310Des Moines	$234,000	$935	4.8%	0.6%	-$1,146	-3.4%
50228Prairie City	$271,000	$1,070*	4.7%	1.3%	-$1,170	n/a
50312Des Moines	$297,000	$1,171	4.7%	0.6%	-$1,446	+1.7%
50166Milo	$278,000	$1,090*	4.7%	1.6%	-$1,123	n/a
50001Ackworth	$421,000	$1,640*	4.7%	1.7%	-$1,685	n/a
50069De Soto	$261,000	$1,020*	4.7%	1.1%	-$1,160	n/a
50211Norwalk	$343,000	$1,308	4.6%	1.0%	-$1,556	n/a
50028Baxter	$275,000	$1,040*	4.5%	1.1%	-$1,240	n/a
50111Grimes	$346,000	$1,310	4.5%	0.8%	-$1,652	+2.5%
50125Indianola	$313,000	$1,185	4.5%	1.0%	-$1,429	n/a
50226Polk City	$428,000	$1,616	4.5%	1.0%	-$1,951	n/a
50251Sully	$265,000	$1,000*	4.5%	1.3%	-$1,154	n/a
50167Minburn	$289,000	$1,080*	4.5%	0.9%	-$1,348	n/a
50039Bouton	$277,000	$1,030*	4.5%	0.9%	-$1,281	n/a
50322Urbandale	$292,000	$1,061	4.3%	0.6%	-$1,436	+2.7%
50149Lorimor	$277,000	$1,000*	4.3%	1.0%	-$1,266	n/a
50131Johnston	$401,000	$1,444	4.3%	0.6%	-$1,959	+4.1%
50139Lacona	$309,000	$1,090*	4.2%	0.9%	-$1,423	n/a
50210New Virginia	$361,000	$1,260*	4.2%	1.4%	-$1,527	n/a
50276Woodward	$295,000	$1,030*	4.2%	1.1%	-$1,328	n/a
50257Truro	$298,000	$1,030*	4.1%	0.6%	-$1,460	n/a
50169Mitchellville	$283,000	$960*	4.1%	0.5%	-$1,416	n/a
50222Peru	$342,000	$1,120*	3.9%	1.1%	-$1,538	n/a
50244Slater	$301,000	$980*	3.9%	0.3%	-$1,536	n/a
50109Granger	$382,000	$1,220*	3.8%	0.3%	-$1,947	n/a
50072Earlham	$370,000	$1,170*	3.8%	0.7%	-$1,777	n/a
50007Alleman	$400,000	$1,240*	3.7%	0.1%	-$2,128	n/a
50153Lynnville	$299,000	$920*	3.7%	0.6%	-$1,473	n/a
50321Des Moines	$358,000	$1,083	3.6%	-0.1%	-$1,952	n/a
50161Maxwell	$335,000	$980*	3.5%	0.4%	-$1,705	n/a
50168Mingo	$336,000	$970*	3.5%	0.3%	-$1,717	n/a
50063Dallas Center	$337,000	$960*	3.4%	0.1%	-$1,792	n/a
50003Adel	$402,000	$1,130*	3.4%	0.3%	-$2,065	n/a
50240Saint Charles	$404,000	$1,060*	3.1%	0.1%	-$2,147	n/a
50261Van Meter	$423,000	$1,100*	3.1%	0.1%	-$2,243	n/a
50216Panora	$502,000	$1,190*	2.9%	-0.3%	-$2,845	n/a
50229Prole	$495,000	$1,170*	2.8%	0.0%	-$2,656	n/a
50061Cumming	$601,000	$1,280*	2.6%	-0.4%	-$3,448	n/a
50237Runnells	$439,000	$920*	2.5%	-0.4%	-$2,517	n/a

* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.

Trends

Five years to August 2026

Price, 12 months: +0.6%
Rent, 12 months: +1.8%
Rent minus price growth: +1.2 pts
Property tax: 1.43%; effective rate, ACS 2024

Typical value (Zillow ZHVI) Rent (Zillow ZORI)Indexed to 100 at Aug 2021

Show the numbers

Month	Typical value	Rent
Aug 2021	$246,130	$1,103
Aug 2022	$270,473	$1,195
Aug 2023	$278,394	$1,229
Aug 2024	$286,869	$1,262
Aug 2025	$292,311	$1,274
Aug 2026	$294,192	$1,297

Counties

Warren County, IA4.6% median yield
Guthrie County, IAn/a median yield
Dallas County, IA5.2% median yield
Polk County, IA5.1% median yield
Jasper County, IA5.7% median yield
Adair County, IAn/a median yield
Poweshiek County, IAn/a median yield
Madison County, IAn/a median yield

Tools

Test a listing in the Des Moines, IA area against today's rate.

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All of Iowa

Questions

Is the Des Moines, IA metro good for rental property?: The typical home here runs -$1,182 a month at 7.78% with 25% down. 0 of 28 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 5.1%. Figures assume a typical home, 7.78% with 25% down and the default costs on the methodology page.
Which ZIP codes in the Des Moines, IA metro have the highest rental yield?: 50316 (Des Moines) at 9.2%, 50317 (Des Moines) at 7.7%, 50314 (Des Moines) at 7.5%, on Zillow value and rent. The full table above sorts by any column.

Sources and method

Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.

Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.

Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.