Home Values

Des Moines Metro 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

$152,500

  • 0.9% 1-year change
  • 3.0% 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 metro relative to other metros across the US. A particular metro may be identified as a good market for buyers in a national market favorable to sellers overall. Learn more

Warm

Buyers' Market
Sellers' Market

The median home value in Des Moines Metro is $152,500. Des Moines Metro home values have gone up 0.9% over the past year and Zillow predicts they will rise 3.0% within the next year. The median list price per square foot in Des Moines Metro is None. The median rent price in Des Moines Metro is $1,020, which is higher than the Iowa median of $865.

Foreclosures will be a factor impacting home values in the next several years. In Des Moines Metro 3.9 homes are foreclosed (per 10,000). This is greater than the Iowa value of 1.0 and also greater than the national value of 3.0

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 Metro is 3.9%, which is lower than the national value of 6.3%. 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 Metro homeowners underwater on their mortgage is 13.4%, which is lower than Iowa at 16.0%.

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Relative ZHVI
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Des Moines Metro Market Overview

Data through Mar 31, 2015
  • $152,500 ZHVI
  • 3.0% 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
    (Mar 31, 2016)
  • No data Median listing price
  • $153,150 Median sale price
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Des Moines Metro Market Health

Data through Mar 31, 2015
  • 4.4/10 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.
    (Feb 28, 2015)
  • 117 Average days on Zillow (Feb 28, 2015)
  • 13.4% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 3.9% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)

Homes foreclosed (per 10,000)

3.9 homes Des Moines Metro
1 home Iowa
3 homes United States
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Cities in Des Moines Metro

Name Median ZHVI
Johnston $227,100
Clive $225,100
Waukee $193,400
Name Median ZHVI
Urbandale $182,800
West Des Moines $176,400
Ankeny $174,300
Name Median ZHVI
Altoona $167,200
Indianola $152,200
Des Moines $106,800

Listings & Sales

Data through Mar 31, 2015
  • No recent data Median list price / sq ft
  • $114 Median sale price / sq ft
  • No data Listings with price cut
23.1%
Sold below listing
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Des Moines Metro Rentals

Data through Mar 31, 2015
  • Zillow Rent Index

  • $1,259 Des Moines Metro
    $1,106 Iowa
    $1,362 United States

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

  • 2.0 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,020 Rent list price
  • $0.98 Rent list price / sq ft
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