Good housing value for most
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12/24/2014
I'm living in a hotel in Des Moines and looking for a place to live. What I've found is that Des Moines has a tremendous amount of subsidized (known as "income restricted" housing available. If you're a couple making less than about 36,000 per year (more if you're a large family, a bit less for singles) you can get a terrific apartment or house at greatly reduced rates... Not so great for me, as this drives up the rates of the remaining "market rate" homes and apartments. However, there's a lot of new building going on and I think things will even out soon (overbuilding seems likely).
Also, if yhou're in the market to buy or build a home, houses are inexpensive and land is plentiful, even in the urban areas... The typical lot seems large enough to hold three houses, especially in the older neighborhoods.
Daniel | Des Moines, IA