Des Moines, IA


Highest Appreciating Des Moines Neighborhoods Since 2000

Des Moines, IA Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Des Moines Housing Market Information

With a population of 210,330, 81,717 total housing units (homes and apartments), and a median house value of $131,604, house prices in Des Moines are solidly below the national average.

Single-family detached homes are the single most common housing type in Des Moines, accounting for 65.69% of the city's housing units. Other types of housing that are prevalent in Des Moines include large apartment complexes or high rise apartments ( 22.18%), duplexes, homes converted to apartments or other small apartment buildings ( 5.48%), and a few row houses and other attached homes ( 4.32%).

People in Des Moines primarily live in small (one, two or no bedroom) single-family detached homes. Des Moines has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Des Moines's housing was primarily built during this period, from the '40s through the '60s. A full 36.14% of the city's housing hails from this era. Other housing ages represented in Des Moines include homes built before 1939 ( 28.69%) and housing constructed between 1970-1999 ( 26.58%). There's also some housing in Des Moines built between 2000 and later ( 8.59%).

Des Moines Home Appreciation Rates

Appreciation rates for homes in Des Moines have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 3.65%, which ranks in the top 50% nationwide. This equates to an annual average Des Moines house appreciation rate of 0.36%.

NeighborhoodScout's data show that during the latest twelve months, Des Moines's appreciation rate, at 4.79%, has been at or slightly above the national average. In the latest quarter, Des Moines's appreciation rate has been 1.37%, which annualizes to a rate of 5.58%.

Relative to Iowa, our data show that Des Moines's latest annual appreciation rate is higher than 70% of the other cities and towns in Iowa.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Des Moines differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Des Moines - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Des Moines real estate investment or home purchase decisions.

Average Home Values


Median Home Value:


Value Range
> $1,130,000 0.1
$847,001 - $1,130,000 0.2
$565,001 - $847,000 1.0
$452,001 - $565,000 1.1
$339,001 - $452,000 1.8
$226,001 - $339,000 7.3
$113,001 - $226,000 50.1
$56,001 - $113,000 30.7
$0 - $56,000 7.8

Average for IA
Average for Nation

Value Relative to Nation Value Relative to State
59.0237899917965 43.7037037037037

Number Of Homes And Apartments:

Des Moines Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
35.07% 1.76% 3 4
* 10 is highest

Rent & Ownership


Average Market Rent:
$867 / per month

Homeownership Rate

Owners 59.31
Renters 40.69
Vacant 8.49

Housing Market Details


Age of Homes

2000 or Newer 8.6
1970 - 1999 26.6
1940 - 1969 36.1
1939 or Older 28.7

Types of Homes

Single-Family 65.7
Townhomes 4.3
Small Apt. Buildings 5.5
Apt. Complexes 22.2
Mobile Homes 2.3
Other 0.0

Home Size

No Bedroom 2.82
1 Bedroom 14.10
2 Bedrooms 34.13
3 Bedrooms 35.43
4 Bedrooms 11.08
5 or more bedrooms 2.44