LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,106
Monthly Cash Flow
-$190
Principal + Equity
$1,274
Annual Total Gain
$13,012
Cash on Cash
-4.38%
Net ROI %
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
B
Overall
Top-level market grade
Most Diverse Cities in America
#142out of 229 markets
Best Cities for Young Professionals in America
#96out of 229 markets
Cities with the Lowest Cost of Living in America
#65out of 229 markets
C-
Public School
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Des Moines, IA.
In Des Moines, IA, Short Term Rental (STR) regulations are primarily governed by the city's zoning code and business licensing requirements. Here are some key regulations that an investor should be aware of before investing in purchasing a property for Short Term Rental in Des Moines:
1. Zoning Restrictions: Des Moines has specific zoning regulations that dictate where Short Term Rentals are allowed to operate. It is important for investors to check the zoning designation of the property they are interested in purchasing to ensure that Short Term Rentals are permitted in that area.
2. Business Licensing: In Des Moines, Short Term Rental hosts are required to obtain a business license in order to operate legally. This license may have specific requirements and fees that need to be met in order to obtain and maintain it.
3. Occupancy Limits: The city of Des Moines may have occupancy limits for Short Term Rentals, which dictate the maximum number of guests that can stay in the property at any given time. Investors should be aware of these limits and ensure that they are in compliance with them.
4. Safety and Building Code Compliance: Short Term Rental properties in Des Moines are required to meet certain safety and building code standards to ensure the well-being of guests. Investors should be prepared to make any necessary upgrades or renovations to bring the property up to code.
5. Taxation: Short Term Rental hosts in Des Moines are required to collect and remit applicable taxes, such as sales and lodging taxes, on rental income. Investors should be aware of these tax obligations and ensure that they are in compliance with them.
Overall, investors looking to purchase a property for Short Term Rental in Des Moines should thoroughly research and understand the local regulations and requirements to ensure a successful and compliant investment. Consulting with a local real estate attorney or property management company may also be beneficial in navigating the regulatory landscape.
Market Trends Over Time
Explore 25 years of market data for Des Moines, IA, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Des Moines, IA.
The LTR Genie Score of Des Moines, IA is 58, indicating a moderate level of rentability for long-term rental properties. This is likely due to the low LTR Rentability and Rent Growth Rate in the area. On the other hand, the STR Genie Score is 67, suggesting a higher level of profitability for short-term rental properties. This is supported by the higher Net ROI and Occupancy rate for short-term rentals compared to long-term rentals in Des Moines.
Des Moines, IA is a growing city with a diverse economy, including industries such as insurance, finance, and manufacturing. The city offers a relatively affordable cost of living compared to other major cities in the Midwest, making it an attractive option for real estate investors.
Based on the metrics provided, Des Moines, IA may be more attractive for short-term rental investments due to the higher Net ROI and Genie Score for this type of property. However, with a positive 1-Year Price Appreciation Forecast, long-term rental investments could also be a viable option for investors looking for steady returns. Ultimately, investors should consider their investment goals and risk tolerance when deciding between long-term and short-term rental properties in Des Moines.
