The housing market in Des Moines, IA is quite strong with a median value of $175,700, which is significantly lower than the US house median value of $338,100. Over the past year, the appreciation rate in Des Moines, IA has been 11.09%, higher than the national average of 8.27%. This indicates that housing prices in Des Moines are on the rise and that it may be a smart investment for those looking to buy in the future.
The median home cost in Des Moines is $175,700. Home appreciation the last 10 years has been 72.3%. Home Appreciation in Des Moines is up 13.1%.
Average Age of Homes
- The median age of Des Moines real estate is 59 years old
The Rental Market in Des Moines
- Renters make up 35.0% of the Des Moines population
- 2.1% of houses and apartments in Des Moines, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.