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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 31,172 people, 11,702 houses or apartments, and a median cost of homes of $435,569, 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%).
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 30.32% over the last ten years, which is an average annual home appreciation rate of 2.68%, putting Des Moines in the top 20% 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.
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 12.29%, which is higher than appreciation rates in 97.88% 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 5.12%, which equates to an annual appreciation rate of 22.13%.
Importantly, NeighborhoodScout’s exclusive research found that Des Moines's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which 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 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.
|$1,192,001 - $1,590,000||1.4|
|$795,001 - $1,192,000||4.5|
|$636,001 - $795,000||8.8|
|$477,001 - $636,000||18.2|
|$318,001 - $477,000||38.0|
|$159,001 - $318,000||19.7|
|$79,001 - $159,000||5.5|
|$0 - $79,000||2.6|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2018 Q2 - 2018 Q3
Last 12 Months:
2017 Q3 - 2018 Q3
Last 2 Years:
2016 Q3 - 2018 Q3
Last 5 Years:
2013 Q3 - 2018 Q3
Last 10 Years:
2008 Q3 - 2018 Q3
2000 Q1 - 2018 Q3
|* 10 is highest|
|AGE OF Des Moines HOMES|
|2000 or Newer||7.2|
|1970 - 1999||47.6|
|1940 - 1969||41.0|
|1939 or Older||4.2|
|TYPE OF Des Moines HOMES|
|Small Apt. Buildings||8.2|
|SIZE OF Des Moines HOMES|
|5 or more bedrooms||5.60|