Des Moines Homes under $200,000

Des Moines Homes under $200,000

Welcome to Des Moines, Iowa – a vibrant city that beautifully blends urban sophistication with Midwestern charm. As the state capital and the largest city in Iowa, Des Moines is known for its rich history, diverse culture, and a thriving economy that attracts residents from all walks of life. Nestled in Polk County, Des Moines boasts a variety of attractions, including the stunning Pappajohn Sculpture Park, the lively Historic East Village, and the serene Gray’s Lake Park, making it a fantastic place to call home.

For those seeking affordable housing options, Des Moines offers a delightful selection of homes under $200,000. This is an excellent opportunity for first-time homebuyers, families, and investors alike. You can find charming bungalows, cozy townhomes, and spacious single-family residences, all within a budget-friendly price range. Many of these homes are situated in welcoming neighborhoods that provide access to quality schools, parks, and local amenities.

The real estate market in Des Moines is competitive, yet it remains accessible for those looking to invest in their future without breaking the bank. With its robust job market, low cost of living, and a strong sense of community, Des Moines is not just a place to live; it’s a place to thrive.

Whether you’re looking to settle down or make a smart investment, Des Moines is the perfect city to find your dream home. Explore the possibilities today, and discover the charm of affordable living in this dynamic Midwestern gem!

Newest Des Moines Homes under $200,000

1708 26th Street, Des Moines
$194,900
2 Beds ⋅ 1 Baths ⋅ 750435 MLS
Updated from top to bottom and ready for its next owner! This completely renovated 2-bedroom, 1-bath home offers a turnkey opportunity in the highly sought-after Drake area—ideal as a primary residence, student housing option, or investment property. Inside, nearly every surface has been refreshed, including brand-new tile flooring throughout, new trim, updated lighting, and a beautifully renovated bathroom. The new kitchen features fresh cabinetry, countertops, appliances, and finishes, while the spacious living room provides plenty of room to relax or entertain. Step outside to the covered patio overlooking a tree-lined backyard—a great space to unwind or give guests an inviting outdoor retreat. Conveniently located near Drake University, shopping, restaurants, entertainment, and major Des Moines amenities. Currently operating as an active Airbnb with significant earnings, this property offers the flexibility to move right in or continue its use as an investment. Turnkey, updated, and ready to go. Home is being sold as-is.

1708 26th Street, Des Moines
2916 Capitol Avenue, Des Moines
$155,000
4 Beds ⋅ 1 Baths ⋅ 750483 MLS
Great opportunity for a first-time homebuyer or investor! This well-maintained, move-in-ready home features a spacious eat-in kitchen, convenient first-floor laundry, an enclosed porch, and alley access. Investors have two potential income opportunities with monthly rental income plus State Fair parking revenue. Located just moments from the Iowa State Fair entrance and within walking distance of schools, this property offers a unique opportunity in a convenient Des Moines location.

2916 Capitol Avenue, Des Moines
2331 E 11th Street, Des Moines
$164,999
2 Beds ⋅ 1 Baths ⋅ 750298 MLS
UPDATED BUNGALOW NEAR GRAND VIEW UNIVERSITY & UNION PARK! This charming 2-bedroom, 1-bath home is packed with recent updates and is ready for its next owner! Offering over 760 sq ft of living space, you’ll love the completely updated kitchen featuring newer appliances, refreshed finishes, and a bright, functional layout. The updated bathroom adds to the move-in-ready feel, while the basement has undergone extensive improvements, creating a great bonus space for a second hangout area, hobby space, home gym, or additional storage. Step outside to a backyard that’s ready for you to make it your own! The shared driveway provides access to the rear of the property, with enough space for a future 2-car detached garage. Location is another huge plus—just a short walk from Grand View University and Union Park, with convenient access to downtown Des Moines, shopping, dining, entertainment, and major commuter routes. Whether you’re looking for your first home, downsizing, or adding to your investment portfolio, this updated bungalow offers a fantastic combination of location, updates, and potential. Schedule your showing today and come see everything this home has to offer! 13 Mo HWA Platinum Home Warranty included!

2331 E 11th Street, Des Moines
3121 Cornell Street, Des Moines
$162,000
2 Beds ⋅ 1 Baths ⋅ 750473 MLS
Brand new sewer line! This well-maintained 2-bedroom bungalow in the desirable Highland Park neighborhood offers plenty of charm and functionality, featuring two bedrooms and a full bathroom on the main level, plus additional office space. A welcoming front porch and cozy fireplace add character to the home, while the spacious corner lot, fenced yard, and attractive curb appeal provide great outdoor appeal. Recent updates include newer flooring and interior paint. The detached 2-car garage offers ample space for parking and extra storage. Conveniently located near bus lines, interstate access, schools, and other amenities, this home is a great opportunity in a sought-after neighborhood.

3121 Cornell Street, Des Moines
3925 3rd Street, Des Moines
$150,000
3 Beds ⋅ 1 Baths ⋅ 750463 MLS
Welcome home to this charming 3-bedroom home tucked into a quiet neighborhood with a strong sense of community! An inviting front porch welcomes you inside to an eat-in kitchen featuring a breakfast bar, plenty of counter space, and appliances that stay with the home. New carpet adds a fresh touch throughout. The partially finished lower level offers additional living space with a potential family room, faux fireplace, and bathroom with shower. An oversized two-car attached garage provides plenty of room for vehicles, storage, hobbies, or a workshop. Conveniently located with quick access to downtown Des Moines, the interstate, Ankeny, and metro bus routes, plus shopping, dining, and everyday amenities nearby in Oak Park and Highland Park.

3925 3rd Street, Des Moines
808 Philip Street, Des Moines
$165,000
2 Beds ⋅ 1 Baths ⋅ 750458 MLS
Opportunity awaits with this 2-bedroom, 1-bath ranch on Des Moines' south side! Whether you're a first-time homebuyer or an investor looking to add to your portfolio, this home offers plenty of potential. Inside, you'll find a spacious family room plus a finished attic that provides flexible bonus space. Outside, enjoy a fully fenced yard and back deck, perfect for relaxing or entertaining. Conveniently located just off SW 9th Street with easy access to downtown Des Moines, schools, shopping, dining, and more.

808 Philip Street, Des Moines
2523 Lyon Street, Des Moines
$160,000
3 Beds ⋅ 1 Baths ⋅ 750417 MLS
Move-in ready, beautifully updated, and full of charm—this 3-bedroom home is one you'll want to see! Step inside to a bright and inviting interior featuring updated flooring, neutral finishes, and a comfortable layout that makes great use of the space. The living and dining areas flow together nicely, while the kitchen features white cabinetry, updated countertops, and plenty of room for everyday living. Three bedrooms and an updated full bath complete the main living space, while the full basement provides plenty of additional storage and possibilities. Enjoy your morning coffee from the enclosed front porch or head out back to the deck for grilling, relaxing, and entertaining. Conveniently located near schools, restaurants, the Iowa State Fairgrounds, Sleepy Hollow Sports Park, and other east-side amenities. Whether you're searching for your first home, ready to downsize, or simply want an updated home that's ready to enjoy, this one checks a lot of boxes. Schedule your showing today!

2523 Lyon Street, Des Moines
3300 Madison Avenue, Des Moines
$139,900
3 Beds ⋅ 1 Baths ⋅ 750436 MLS
Tons of potential with this one! Get into the Lower Beaver neighborhood at a great price. With a newer roof & HVAC, original hardwood floors, covered back patio and detached garage, this home has great bones and tons to offer for the right buyer who's willing to put a little work in. Allin formation obtained from seller and public records

3300 Madison Avenue, Des Moines
2101 Meadow Court Unit 503, Des Moines
$177,000
2 Beds ⋅ 3 Baths ⋅ 750443 MLS
Turn key townhome features close to 1400 SF finished, 2 beds, 2.5 baths and a 2 car garage. Main floor has nice flow with good size living and dining area rolling to kitchen space with SS appliances. Laundry and 1/2 bath round out the main. Upstairs has 2 en-suite bedrooms with full bathrooms and walk in closets. Bonus/flex space at top of stairs as well. Convenient SE location with quick access to HWY bypass and all needed amenities. Come check it out!

2101 Meadow Court Unit 503, Des Moines
2805 Des Moines Street, Des Moines
$150,000
2 Beds ⋅ 1 Baths ⋅ 750430 MLS
Looking for an investment property with two potential revenue opportunities? Just blocks from the Iowa State Fairgrounds, this 2-bedroom, 1-bath home offers the flexibility to live in it yourself or use it as a rental, plus a large asphalt driveway and yard with potential for additional parking income during the Iowa State Fair. This home features new windows, fresh interior paint, a new kitchen countertop, and new siding in the enclosed front porch. With plenty of off-street parking and a convenient location near the Fairgrounds, this could be a great starter home or addition to your investment portfolio. Property is being sold as-is.

2805 Des Moines Street, Des Moines
112 11th Street Unit 308, Des Moines
$158,900
1 Beds ⋅ 1 Baths ⋅ 750413 MLS
Looking for a space that is inspiring? Welcome to your next big move inside the historic Mulberry Lofts! Perfect for anyone seeking an lively downtown lifestyle, a stylish second home, or an efficient layout to downsize into. This updated studio condo maximizes its open-concept footprint, transitioning effortlessly from a productive workspace to a relaxing retreat. Cook with ease in the updated kitchen featuring stainless steel appliances and pantry. The unexpectedly large full bathroom showcases a beautiful tile shower and excellent privacy. Exceptional storage options include generous closet space, in-unit laundry, and a private 6x10 basement storage unit. Enjoy premium building amenities including a fitness center, a community room, and a massive rooftop deck with stunning skyline views perfect for entertaining, grilling, or watching the Iowa Cubs Friday night Fireworks. With this unbeatable location steps from the Skywalk system, Downtown Farmers Market, and Western Gateway Park what's not to love about this space. If you feel inspired, call your agent today.

112 11th Street Unit 308, Des Moines
2 E Hillside Avenue, Des Moines
$184,000
3 Beds ⋅ 2 Baths ⋅ 750353 MLS
Looking for a home that gives you space, flexibility, and a great location? This 3-bedroom, 1.5-bath ranch is just minutes from downtown restaurants, shopping, parks, and Principal Park! The open main level features a spacious family room and kitchen with stainless steel appliances, walk-in pantry, and LVP flooring. Two bedrooms and a full bath are located on the main level, while the lower level offers a third bedroom, ¾ bath, laundry, and bonus space that could work as a 4th bedroom, office, or hobby room. Step outside to the large, attached deck and spacious yard—perfect for relaxing or entertaining. An attached tuck-under garage adds convenient parking and storage. With a new water heater, LVP flooring, and room to add your own personal touches, this home offers a great opportunity to make it your own. Come see the possibilities! Home is sold AS-IS.

2 E Hillside Avenue, Des Moines
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