Affordable
Expensive
Expensive
Colorblind friendly
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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 $197,897, lower than the Des Moines average of $286,355.
The average cost of rent is $1,140/mo in Drake, primarily driven by the current value of real estate in the Drake area. In Drake, 55.89% of households rent, and 17.80% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Drake is $4,830 per month. Households that rent pay about 23.60% of their income on rent here. Drake’s most expensive areas are in the northwestern regions, while the cheapest areas are in the northeastern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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: equally 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
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