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 Q1 2018. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2016 (latest available). Updated annually.

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

Des Moines Housing Market Information

With 31,172 people, 11,702 houses or apartments, and a median cost of homes of $399,777, 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 53.70% of the city's housing units. Other types of housing that are prevalent in Des Moines include large apartment complexes or high rise apartments ( 32.07%), duplexes, homes converted to apartments or other small apartment buildings ( 8.16%), and a few row houses and other attached homes ( 3.01%).

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 ( 40.99%). A lesser amount of the housing stock also hails from between 2000 and later ( 7.25%). There's also some housing in Des Moines built before 1939 ( 4.19%).

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 12.06%, which ranks in the top 40% nationwide. This equates to an annual average Des Moines house appreciation rate of 1.15%.

Appreciation rates are so strong in Des Moines that despite a nationwide downturn in the housing market, Des Moines real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Des Moines appreciation rates continue to be some of the highest in America, at 11.40%, which is higher than appreciation rates in 94.51% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Des Moines. Des Moines appreciation rates in the latest quarter were at 1.98%, which equates to an annual appreciation rate of 8.17%.

Relative to Washington, our data show that Des Moines's latest annual appreciation rate is higher 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:
$399,777

Des Moines, WA HOME PRICES

Value Range
> $1,459,155 1.2
$1,094,451 - $1,459,155 1.4
$729,802 - $1,094,450 4.5
$583,581 - $729,801 8.8
$437,628 - $583,580 18.2
$291,728 - $437,627 38.0
$145,843 - $291,727 19.7
$72,927 - $145,842 5.5
$0 - $72,926 2.6

High for WA
Very High for Nation

Value Relative to Nation Value Relative to State
10.563503649635 23.6749116607774

Number Of Homes And Apartments:
11,702

Des Moines Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WA*
Compared To
America*
Latest Quarter:
2017 Q4 - 2018 Q1
Last 12 Months:
2017 Q1 - 2018 Q1
Last 2 Years:
2016 Q1 - 2018 Q1
Last 5 Years:
2013 Q1 - 2018 Q1
Last 10 Years:
2008 Q1 - 2018 Q1
Since 2000:
2000 Q1 - 2018 Q1
95.85% 3.75%
7
9
* 10 is highest


Rent & Ownership

 

Average Market Rent:
$2,079 / per month

Homeownership Rate

Homeownership
Owners 58.00
Renters 42.00
Vacant 6.50

Housing Market Details

 

Age of Homes

AGE OF Des Moines HOMES
2000 or Newer 7.2
1970 - 1999 47.6
1940 - 1969 41.0
1939 or Older 4.2

Types of Homes

TYPE OF Des Moines HOMES
Single-Family 53.7
Townhomes 3.0
Small Apt. Buildings 8.2
Apt. Complexes 32.1
Mobile Homes 2.9
Other 0.2

Home Size

SIZE OF Des Moines HOMES
No Bedroom 3.83
1 Bedroom 13.52
2 Bedrooms 32.09
3 Bedrooms 28.77
4 Bedrooms 16.19
5 or more bedrooms 5.60