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

$110,500

  • 2.3% 1-year change
  • 2.5% 1-year forecast

The median home value in Des Moines is $110,500. Des Moines home values have gone up 2.3% over the past year and Zillow predicts they will rise 2.5% 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 $124. The median price of homes currently listed in Des Moines is $108,900 while the median price of homes that sold is $113,825. The median rent price in Des Moines is $770, which is lower than the Des Moines Metro median of $1,000.

Foreclosures will be a factor impacting home values in the next several years. In Des Moines 9.7 homes are foreclosed (per 10,000). This is greater than the Des Moines Metro value of 4.6 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 Dec 31, 2014
  • $110,500 ZHVI
  • 2.5% 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
    (Dec 31, 2015)
  • $108,900 Median listing price
  • $113,825 Median sale price
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Des Moines Market Health

Data through Dec 31, 2014
  • 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.
  • 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)

9.7 homes Des Moines
4.6 homes Des Moines Metro
4 homes United States
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Neighborhoods in Des Moines

Name Median ZHVI
Gray's Lake $114,000
Downtown Des Moines $113,400
Pioneer Park $110,000
Name Median ZHVI
Indianola Hills $96,200
River Bend $87,900
Capitol Park $82,300
Name Median ZHVI
McKinley School - Columbus Park $80,300
King Irving $74,300
Capitol East $66,700

Listings & Sales

Data through Dec 31, 2014
  • $100 Median list price / sq ft
  • $100 Median sale price / sq ft
  • 17.8% Listings with price cut
27.4%
Sold below listing
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Des Moines Rentals

Data through Dec 31, 2014
  • Zillow Rent Index

  • $1,098 Des Moines
    $1,244 Des Moines Metro
    $1,345 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
  • $0.84 Rent list price / sq ft
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