Des Moines WA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Des Moines, WA 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 Q3 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Des Moines Housing Market Information

With 32,348 people, 11,778 houses or apartments, and a median cost of homes of $429,813, real estate costs in Des Moines are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Washington communities.

Single-family detached homes are the single most common housing type in Des Moines, accounting for 53.11% of the city's housing units. Other types of housing that are prevalent in Des Moines include large apartment complexes or high rise apartments ( 33.59%), duplexes, homes converted to apartments or other small apartment buildings ( 7.24%), and a few row houses and other attached homes ( 3.19%).

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.

There is a lot of housing in 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 Des Moines built between 1940-1969 ( 41.05%). A lesser amount of the housing stock also hails from between 2000 and later ( 7.70%). There's also some housing in Des Moines built before 1939 ( 3.16%).

Des Moines Home Appreciation Rates

In the last 10 years, Des Moines has experienced some of the highest home appreciation rates of any community in the nation. Des Moines real estate appreciated 67.40% over the last ten years, which is an average annual home appreciation rate of 5.29%, putting Des Moines in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Des Moines definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Des Moines's appreciation rate, at 4.41%, has been at or slightly above the national average. In the latest quarter, Des Moines's appreciation rate has been 2.15%, which annualizes to a rate of 8.89%.

Importantly, this makes Des Moines one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

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

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:
$429,813

Des Moines, WA HOME PRICES

Value Range
> $1,335,000 1.9
$1,001,001 - $1,335,000 2.2
$667,001 - $1,001,000 7.6
$534,001 - $667,000 13.5
$400,001 - $534,000 28.4
$267,001 - $400,000 29.9
$133,001 - $267,000 10.0
$67,001 - $133,000 3.2
$0 - $67,000 3.2

High for WA
Very High for Nation

Value Relative to Nation Value Relative to State
10.8379562043796 27.208480565371

Number Of Homes And Apartments:
11,778

Des Moines Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WA*
Compared To
America*
Latest Quarter:
2020 Q2 - 2020 Q3
Last 12 Months:
2019 Q3 - 2020 Q3
Last 2 Years:
2018 Q3 - 2020 Q3
Last 5 Years:
2015 Q3 - 2020 Q3
Last 10 Years:
2010 Q3 - 2020 Q3
Since 2000:
2000 Q1 - 2020 Q3
124.03% 3.96%
5
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,300 / per month

Homeownership Rate

Homeownership
Owners 56.82
Renters 43.18
Vacant 4.85

Housing Market Details

 

Age of Homes

AGE OF Des Moines HOMES
2000 or Newer 7.7
1970 - 1999 48.1
1940 - 1969 41.0
1939 or Older 3.2

Types of Homes

TYPE OF Des Moines HOMES
Single-Family 53.1
Townhomes 3.2
Small Apt. Buildings 7.2
Apt. Complexes 33.6
Mobile Homes 2.9
Other 0.0

Home Size

SIZE OF Des Moines HOMES
No Bedroom 3.78
1 Bedroom 12.33
2 Bedrooms 31.94
3 Bedrooms 31.84
4 Bedrooms 15.44
5 or more bedrooms 4.68