The housing market in Des Moines-West Des Moines, IA Metro Area is booming. The median value of a house in the area is $253,300, which is significantly lower than the US median value of $338,100. Furthermore, the one year house appreciation rate in Des Moines-West Des Moines, IA Metro Area is 13.10%, which is much higher than the national average of 8.27%. This indicates that housing demand and prices are rising rapidly and homeowners in this area are likely to see positive returns on their investment.
The median home cost in Des Moines-West Des Moines Metro Area is $253,300. Home appreciation the last 10 years has been 68.8%. Home Appreciation in Des Moines-West Des Moines Metro Area is up 13.9%.
Average Age of Homes
- The median age of Des Moines-West Des Moines Metro Area real estate is 39 years old
The Rental Market in Des Moines-West Des Moines Metro Area
- Renters make up 27.4% of the Des Moines-West Des Moines Metro Area population
- 1.9% of houses and apartments in Des Moines-West Des Moines Metro Area, 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.