Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Drake area can be challenging. Home prices in Drake are now at a median cost of $143,605, lower than the Des Moines average of $224,721.
The average cost of rent is $954/mo in Drake, primarily driven by the current value of real estate in the Drake area. While nearly 28.98% of residents own their homes outright in Drake, 47.65% rent.
Housing affordability isn’t just about home prices, though. The average household income in Drake is $3,868 per month. Households that rent pay about 24.67% of their income on rent here. Drake's most expensive areas are in the southwestern regions, while the cheapest areas are in the eastern parts of the neighborhood.
Nearby Neighborhoods
- Beaverdale, Des Moines, IA: higher priced homes
- River Bend, Des Moines, IA: less expensive homes
- Downtown Des Moines, Des Moines, IA: higher priced homes
- Merle Hay, Des Moines, IA: higher priced homes
- Lower Beaver, Des Moines, IA: higher priced homes
- Oak Park, Des Moines, IA: less expensive homes
- Capitol Park, Des Moines, IA: less expensive homes
- Union Park, Des Moines, IA: less expensive homes
- Meredith, Des Moines, IA: higher priced homes
- Highland Park, Des Moines, IA: less expensive homes
Neighborhoods with Similar Populations
- Avenues West, Milwaukee, WI: less expensive homes
- Oak Park-Northwood, San Antonio, TX: higher priced homes
- Yerdemont, San Bernardino, CA: higher priced homes
- West University Austin, Austin, TX: higher priced homes
- West Garfield Park, Chicago, IL: higher priced homes
- Turnagain, Anchorage, AK: higher priced homes
- Southwest Colorado Springs, Colorado Springs, CO: higher priced homes
- Silver Lake, Wilmington, NC: higher priced homes
- Northwood Point, Irvine, CA: higher priced homes
- Northwest Crossing, San Antonio, TX: higher priced homes
All Local Stats
Home Services
No other site shows detail at this level for free. We are able to keep this site free by receiving a small commission from the referring links below if you book, rent, or request a lead at no cost to you. Please share or cite this page if you aren't able to otherwise support our work.
Map interface © Mapbox © OpenStreetMap Map data and content © bestneighborhood