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

$110,200

  • 1.8% 1-year change
  • 2.6% 1-year forecast

The median home value in Des Moines is $110,200. Des Moines home values have gone up 1.8% over the past year and Zillow predicts they will rise 2.6% within the next year. The median list price per square foot in Des Moines is $100, which is lower than the Des Moines Metro average of $123. The median price of homes currently listed in Des Moines is $108,000 while the median price of homes that sold is $108,475. The median rent price in Des Moines is $825, which is lower than the Des Moines Metro median of $995.

Foreclosures will be a factor impacting home values in the next several years. In Des Moines 10.3 homes are foreclosed (per 10,000). This is greater than the Des Moines Metro value of 4.8 and also greater than the national value of 4.0

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 6.0%, which is lower than the national value of 6.4%. 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 17.0%, which is higher than Des Moines Metro at 13.3%.

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Relative ZHVI
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Des Moines Market Overview

Data through Jan 31, 2015
  • $110,200 ZHVI
  • 2.6% 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
    (Jan 31, 2016)
  • $108,000 Median listing price
  • $108,475 Median sale price
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Des Moines Market Health

Data through Jan 31, 2015
  • 1.0/10 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.
    (Dec 31, 2014)
  • No data Average days on Zillow
  • 17.0% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 6.0% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

10.3 homes Des Moines
4.8 homes Des Moines Metro
4 homes United States
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Neighborhoods in Des Moines

Name Median ZHVI
Gray's Lake $114,500
Downtown Des Moines $109,000
Pioneer Park $108,900
Name Median ZHVI
Indianola Hills $95,900
River Bend $88,100
Capitol Park $81,900
Name Median ZHVI
McKinley School - Columbus Park $80,700
King Irving $73,300
Capitol East $66,300

Listings & Sales

Data through Jan 31, 2015
  • $100 Median list price / sq ft
  • $101 Median sale price / sq ft
  • No data Listings with price cut
30.8%
Sold below listing
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Des Moines Rentals

Data through Jan 31, 2015
  • Zillow Rent Index

  • $1,093 Des Moines
    $1,238 Des Moines Metro
    $1,350 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)
  • $825 Rent list price
  • $0.88 Rent list price / sq ft
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