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Des Moines real estate market overview
- Average Monthly Rent: $1,005
- Home Price/Value Percentage Change: 4.90%
- Median Home Value: $189,985
- Best Time To Sell a Home: July
- Affordability Index: High
- Days To Sell a House: 58
- Job Market: Fair
- Public School Ranking: 19
Location and weather
Des Moines is on the rolling hills of south-central Iowa. It resides on the banks of the Des Moines River, which is the longest river in the state and an important tributary to the Mississippi River. With its fertile farmland and coal deposits, Des Moines has great natural resources.
The summers in Des Moines are warm, humid and rainy with cold, windy winters. Temperatures in the summer are in the low 80's and high 60's. During the winter, temperatures are in the 40's with lows in the teens.
Population, job market and cost of living
Des Moines' population in 2023 is 217,343, with a growth rate of 0.90%.
The job growth has decreased by -5.95% over the last year and in ten years, is predicted to have increased by 37.42%. Des Moines' major industries include financial services, insurance, government, manufacturing, trade and service. The region's finance and insurance sector has a $3 billion annual payroll. The major employers are Eurofins, UnityPoint Health, MercyOne, PPW Holdings LLC and Principal Financial Group.
The cost of living is low, due to the Des Moines real estate market and availability of affordable housing. With its mild summers, solid job growth and low cost of living, Des Moines will continue to attract new residents who want to live in this growing capitol of Iowa.
Des Moines real estate market details
- Beaverdale
- Merle Hay
- Westwood
- Easter Lake Area
- Linden Heights
The average monthly rent in Des Moines is $1,005 for an average apartment size of 756 sq. feet.
There has been a 4.9% increase in median home value over the last year. As of 2023, the median home value is $189,985.
On average, homes in Des Moines sell after 58 days on the market.
The best time to sell a home for the highest valued sale is during July. For the quickest sale, homeowners should sell in October.
The affordability index in Des Moines is 79. This number indicates high affordability in this city.
The top ranked public schools are Delaware Elementary School, Downtown School, Roosevelt High School, Perkins Elementary School and Jefferson Elementary School. This information is based on data measuring academic performance and equity.