Property Prices in Des Moines, IA, United States

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Index Info
Price to Income Ratio: 3.11
Mortgage as Percentage of Income: 28.06%
Loan Affordability Index: 3.56
Price to Rent Ratio - City Centre: 9.37
Price to Rent Ratio - Outside of Centre: 11.94
Gross Rental Yield (City Centre): 10.68%
Gross Rental Yield (Outside of Centre): 8.37%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,229.17 $ 925.00-1,500.00
Apartment (1 bedroom) Outside of Centre 912.50 $ 850.00-1,100.00
Apartment (3 bedrooms) in City Centre 1,762.50 $ 1,600.00-2,000.00
Apartment (3 bedrooms) Outside of Centre 1,496.00 $ 1,400.00-1,595.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 212.00 $ 195.00-229.00
Price per Square Feet to Buy Apartment Outside of Centre 212.00 $ 195.00-229.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 3,669.59 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.61 6.19-6.80

These data are based on 89 entries from 31 contributors over the past 18 months.
Last update: April 2025

Sources and References
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