Home Values

Des Moines Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$110,000

  • 2.4% 1-year change
  • 2.1% 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this city relative to other cities in the same metropolitan area. A particular city may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Very Cold

Buyers' Market
Sellers' Market

The median home value in Des Moines is $110,000. Des Moines home values have gone up 2.4% over the past year and Zillow predicts they will rise 2.1% within the next year. The median list price per square foot in Des Moines is $99, which is lower than the Des Moines Metro average of $122. The median price of homes currently listed in Des Moines is $109,900 while the median price of homes that sold is $115,175. The median rent price in Des Moines is $770, which is lower than the Des Moines Metro median of $1,025.

Foreclosures will be a factor impacting home values in the next several years. In Des Moines 9.8 homes are foreclosed (per 10,000). This is greater than the Des Moines Metro value of 4.9 and also greater than the national value of 4.5

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Des Moines is 6.6%, which is lower than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Des Moines homeowners underwater on their mortgage is 16.5%, which is higher than Des Moines Metro at 13.7%.

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Relative ZHVI
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Des Moines Market Overview

Data through Oct 31, 2014
  • $110,000 ZHVI
  • 2.1% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Oct 31, 2015)
  • $109,900 Median listing price
  • $115,175 Median sale price
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Des Moines Market Health

Data through Oct 31, 2014
  • 1.4/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 16.5% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 6.6% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

9.8 homes Des Moines
4.9 homes Des Moines Metro
4.5 homes United States
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Neighborhoods in Des Moines

Name Median ZHVI
Downtown Des Moines $134,400
Gray's Lake $112,700
Pioneer Park $110,700
Name Median ZHVI
Indianola Hills $95,900
River Bend $87,100
McKinley School - Columbus Park $80,300
Name Median ZHVI
Capitol Park $80,300
King Irving $74,700
Capitol East $67,900

Listings & Sales

Data through Oct 31, 2014
  • $99 Median list price / sq ft
  • $102 Median sale price / sq ft
  • 51.9% Listings with price cut
24.3%
Sold below listing
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Des Moines Rentals

Data through Oct 31, 2014
  • Zillow Rent Index

  • $1,103 Des Moines
    $1,250 Des Moines Metro
    $1,337 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.6 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $770 Rent list price
  • $0.85 Rent list price / sq ft
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