Property Prices in Des Moines, IA, United States

Index Info
Price to Income Ratio: 2.99
Mortgage as Percentage of Income: 21.59%
Loan Affordability Index: 4.63
Price to Rent Ratio - City Centre: 13.31
Price to Rent Ratio - Outside of Centre: 6.91
Gross Rental Yield (City Centre): 7.51%
Gross Rental Yield (Outside of Centre): 14.48%
Rent Per Month
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Apartment (1 bedroom) in City Centre 985.62 $ 800.00-1,117.50
Apartment (1 bedroom) Outside of Centre 867.25 $ 625.00-1,117.50
Apartment (3 bedrooms) in City Centre 1,612.57 $ 1,300.00-2,000.00
Apartment (3 bedrooms) Outside of Centre 1,189.86 $ 1,000.00-1,300.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 255.02 $ 155.00-445.60
Price per Square Feet to Buy Apartment Outside of Centre 108.43 $ 94.92-150.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 3,272.42 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.92 3.16-4.75

These data are based on 114 entries in the past 18 months from 29 different contributors.
Last update: February 2021

Sources and References
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