Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Des Moines County | Iowa Avg | US Average |
|---|---|---|---|
| Median Home Price | $99,473 | $143,535 | $242,182 |
| Price Trend (Annual %) | 11.8% | 7.5% | 8.2% |
| Median Gross Rent | $908 | $948 | $1,342 |
| Rent Trend (Annual %) | 4.4% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Des Moines County is about 31% lower than in Iowa. Rent is about 4% lower than the Iowa average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Des Moines County, up about 11.8% and 4.4% a year respectively. Home prices are changing faster.
Median rent in Des Moines County rose about 42.6% between 2015 and 2023, from $637 to $908. Over the same span, rent in Iowa rose about 36.3%.
Affordability
On average, housing unit costs 1.6 yearly household incomes in Des Moines County.
Buying the median-priced home in Des Moines County costs roughly 9.1 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Des Moines County. The price-to-rent ratio in Iowa is about 12.6.
| Metric | Des Moines County | Iowa Avg | US Average |
|---|---|---|---|
| Median Home Price | $99,473 | $143,535 | $242,182 |
| Median Household Income | $60,764 | $73,286 | $78,145 |
| Price-to-Income Ratio | 1.6 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Des Moines County rose about 19.8%, while median household income rose about 43.6% between 2009 and 2023 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Des Moines County | Iowa Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 66.5% | 65.3% | 58.2% |
| Rental Rate | 25.0% | 26.0% | 31.3% |
| Vacancy Rate | 8.5% | 8.6% | 10.6% |
| Median Tenure (years) | 17.0 | 15.0 | 15.0 |
| Median Year Moved In | 2009 | 2011 | 2011 |
Des Moines County has a homeownership rate of 66.5%, higher than the Iowa average of 65.3%. Its housing vacancy rate is 8.5%, compared with 8.6% in Iowa.
Housing Stock
| Metric | Des Moines County | Iowa Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.20 people | 2.37 people | 2.54 people |
| Median Structure Built Year | 1963 | 1970 | 1978 |
| Median Number of Rooms | 5.9 | 5.9 | 5.5 |
The typical housing unit in Des Moines County was built around 1963. On average, 2.2 people live in a home with about 5.9 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Des Moines County, Iowa.
What is the median home price in Des Moines County, Iowa?
The median home price in Des Moines County, Iowa is $99,473, lower than the Iowa average of $143,535.
What is the average home price in Des Moines County, Iowa?
The typical home price in %s, reported as the median sale price, is %s. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Des Moines County, Iowa?
The median gross rent in Des Moines County, Iowa is $908 per month, lower than the Iowa average of $948.
What was the median gross rent in Des Moines County in 2020?
In 2020, the median gross rent in Des Moines County, Iowa was $808 per month.
What is the price-to-rent ratio in Des Moines County, Iowa?
The price-to-rent ratio in Des Moines County, Iowa is about 9.1, meaning it would take roughly 9.1 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Des Moines County.
Are home prices or rent rising faster in Des Moines County, Iowa?
Both home prices and rent are rising in Des Moines County, up about 11.8% and 4.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Des Moines County, Iowa?
66.5% of households in Des Moines County, Iowa own their home, higher than the Iowa average of 65.3%.
What is the vacancy rate in Des Moines County, Iowa?
The housing vacancy rate in Des Moines County, Iowa is 8.5%, lower than the Iowa average of 8.6%.