Foreclosure Homes in Des Moines, IA 50312

Current Market Conditions in Des Moines, IA

The real estate market in Des Moines has experienced a steady growth trend, with an increasing demand for homes driven by both newcomers and local buyers. Prices for homes have been rising modestly, making it a competitive market, especially for entry-level homes and popular neighborhoods.

Recent data indicates that the inventory of available homes has slightly decreased, contributing to higher home values and an uptick in bidding wars, particularly in desirable districts. This trend is reinforced by strong interest from out-of-state buyers seeking the affordability and quality of life that Des Moines has to offer.

Rent Prices In Des Moines, IA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Des Moines, IA, is on a rollercoaster ride. The average rent price in Des Moines, IA, is $1,301.00. Indeed, when looking to rent in Des Moines, IA, you can expect to pay as little as $550.00 or as much as $2,800.00, with the average rent median estimated to be $1,280.00. The good news is that finding an affordable and desirable property to rent in Des Moines, IA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.