West Des Moines, IA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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West 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

West Des Moines Housing Market Information

With a population of 64,113, 25,884 total housing units (homes and apartments), and a median house value of $232,913, West Des Moines real estate is some of the most expensive in Iowa, although West Des Moines home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in West Des Moines, accounting for 47.98% of the city's housing units. Other types of housing that are prevalent in West Des Moines include large apartment complexes or high rise apartments ( 35.82%), row houses and other attached homes ( 11.94%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.31%).

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

There is a lot of housing in West Des Moines built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in West Des Moines built between 2000 and later ( 24.93%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.44%). There's also some housing in West Des Moines built before 1939 ( 4.44%).

West Des Moines Home Appreciation Rates

Appreciation rates for homes in West 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 13.35%, which ranks in the top 30% nationwide. This equates to an annual average West Des Moines house appreciation rate of 1.26%.

NeighborhoodScout's data show that during the latest twelve months, West Des Moines's appreciation rate, at 4.90%, has been at or slightly above the national average. In the latest quarter, West Des Moines's appreciation rate has been 1.37%, which annualizes to a rate of 5.58%.

Relative to Iowa, our data show that West 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 West Des Moines differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in West 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 West Des Moines real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$232,913

West Des Moines, IA HOME PRICES

Value Range
> $1,142,000 0.7
$857,001 - $1,142,000 1.9
$571,001 - $857,000 2.2
$457,001 - $571,000 3.3
$342,001 - $457,000 7.6
$228,001 - $342,000 28.5
$114,001 - $228,000 45.1
$57,001 - $114,000 8.4
$0 - $57,000 2.3

Very High for IA
High for Nation

Value Relative to Nation Value Relative to State
25.2959099964842 5.67901234567901

Number Of Homes And Apartments:
25,884

West Des Moines Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IA*
Compared To
America*
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
38.30% 1.90% 4 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,062 / per month

Homeownership Rate

Homeownership
Owners 59.98
Renters 40.02
Vacant 5.69

Housing Market Details

 

Age of Homes

AGE OF West Des Moines HOMES
2000 or Newer 24.9
1970 - 1999 55.2
1940 - 1969 15.4
1939 or Older 4.4

Types of Homes

TYPE OF West Des Moines HOMES
Single-Family 48.0
Townhomes 11.9
Small Apt. Buildings 3.3
Apt. Complexes 35.8
Mobile Homes 1.0
Other 0.0

Home Size

SIZE OF West Des Moines HOMES
No Bedroom 1.92
1 Bedroom 12.04
2 Bedrooms 33.67
3 Bedrooms 29.75
4 Bedrooms 17.62
5 or more bedrooms 5.00