$0
Average Rent
$1,135 average rent in Des Moines, Q3 2026
0%
Occupancy Rate
93% occupancy rate Des Moines, Q3 2026
0
T4Q Net Absorption
2,305 T4Q net absorption in Des Moines, Q3 2026
0%
Annual Rent Change
1% annual rent change in Des Moines, Q3 2026
0
BPS Annual Occupancy Change
70 BPS annual occupancy change in Des Moines, Q3 2026
0
T4Q Unit Completions
1,639 T4Q net absorption in Des Moines, Q3 2026
KEY TAKEAWAYS
- Renter demand in Des Moines remained strong, with trailing four-quarter absorption up 56% from a year ago and comfortably outpacing new completions, even as every tracked submarket posted positive absorption over the period.
- The construction pipeline has contracted sharply, down 44% from a year ago and 74% below its 2016 peak, now running slightly below the national average relative to inventory.
- Rent growth returned to positive territory after three consecutive quarters of annual decline, roughly in line with the national benchmark, while occupancy improved to 93.2%, up 70 basis points year-over-year despite a sizable recent delivery wave.
MARKET OUTLOOK
The Des Moines market should continue to see fundamentals firm gradually over the next several quarters, with occupancy holding roughly steady in the low-93% range…
Des Moines Advisors
Contact Our Local Team
Region
Midwest / Heartland
Office Location
Iowa
License Number
B63502000
Phone
Email
Region
West / Pacific & Mountain West
Office Location
Colorado
License Number
FA.100097443
Phone
Email
Region
Midwest / Heartland
Office Location
Iowa
License Number
S73788000
Phone
Email
Region
Midwest / Heartland
Office Location
Iowa
License Number
S73714000
Phone
Email
Recent Heartland Research
Other investors in your market are reading this.
The data that informs when to sell, when to hold, and when the window is closing.