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These days, finding an affordable place to live in the Des Moines area can be challenging. Home prices in Des Moines are now at a median cost of $286,355, higher than the Iowa average of $226,062.
The average cost of rent is $1,210/mo in Des Moines, primarily driven by the current value of real estate in the Des Moines area. In Des Moines, 30.55% of households rent, and 31.35% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Des Moines is $8,119 per month. Households that rent pay about 14.90% of their income on rent here. Des Moines’s most expensive areas are in the western regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Windsor Heights, IA: equally priced homes
- Pleasant Hill, IA: equally priced homes
- Berwick, IA: less expensive homes
- Urbandale, IA: higher priced homes
- West Des Moines, IA: higher priced homes
- Johnston, IA: higher priced homes
- Altoona, IA: equally priced homes
- Norwalk, IA: higher priced homes
- Scotch Ridge, IA: higher priced homes
- Carlisle, IA: equally priced homes
Cities with Similar Populations
- Salem, OR: higher priced homes
- San Marcos, TX: equally priced homes
- San Mateo, CA: higher priced homes
- Salinas, CA: higher priced homes
- San Ramon, CA: higher priced homes
- Rock Hill, SC: higher priced homes
- Redlands, CA: higher priced homes
- Roanoke, VA: less expensive homes
- Rio Rancho, NM: higher priced homes
- Rochester, NY: less expensive homes
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