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Des Moines

Learn about the people, housing, costs and businesses in Des Moines, Iowa

Median Home$209,560
Median Rent$1,124/month
Population212,458
Leading IndustriesFinance & Insurance · Information & Media8% finance & insurance
Home Value Growth⬆⬆+15.4% over 2 years
Young Adults33% of residentswell above average
Homeowners60% of occupied units
NotableAmenity Score76/100 · highly walkable area
Des Moines
IA

Frequently Asked Questions

What are today's mortgage rates in Des Moines?

As of today, the 30-year fixed mortgage rate for Des Moines is approximately 7.032% (7.081% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Des Moines?

The median home value in Des Moines is $210k. The median monthly rent is $1,124. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Des Moines?

Home values in Des Moines have increased 15.4% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Des Moines?

Based on a typical all-in ownership cost of $1,183/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $51k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Des Moines is $69k/year.

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What industries drive the economy in Des Moines?

The largest employment sectors in Des Moines are public administration (22%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.