Aug 2026
$224K
+2.3% year-over-year
How it’s calculated
Rolling 3-month median sale price vs. same 3 months one year prior.
Des Moines, IA
Daily-refreshed real estate signals + Three-Opinion home-price methodology for Des Moines, IA. Built for agents; free to read.
Des Moines, IA’s median sale price is $224K as of Aug 2026 — +2.3% year over year. Pecan Street tracks Des Moines with its Three-Opinion home-price methodology (Redfin, FHFA HPI, and Zillow ZHVI), with no market signals flagged right now.
Headline
Sep 18, 2026
7.04%
30-year fixed
Where it comes from
National benchmark: Optimal Blue OBMMI 30-year conforming, via FRED. An average of rates borrowers have actually locked, updated daily.
The same rate appears on every market page.
Principal & interest
$1,197/mo
$51K/yr income needed
How it’s calculated
Payment — this market’s median sale price with 20% down, on a 30-year fixed loan at the rate shown. Principal and interest only — no property tax, insurance, PMI or HOA.
Income needed — that payment at 28% of gross income. A rule of thumb, not a lending decision.
How Des Moines compares to other U.S. metros
| Price-to-rent | ↓176th of 195 |
|---|---|
| Days on market | ↑47th of 194 (top 25%) |
| Price cuts | 83rd of 194 (top 43%) |
| Home-price growth | 87th of 195 (top 45%) |
Rank across the U.S. metros Pecan Street tracks, on market data alone — a higher rank means more of that measure (more price cuts, faster price growth, a wider asking-vs-sale gap, a higher price-to-rent ratio, or more days on market). The bar shows where this metro sits within that metric’s own cohort (left is more, right is less); ↑ and ↓ mark the positions furthest from the middle, and rows are ordered the same way. Metrics without data for this metro are omitted.
Affordability
| Price-to-rent ratio | ≈ 10 -6.9% YoY ↓176th of 195 |
|---|---|
| Asking price / sq ft | $225 -1.6% YoY |
Price-to-rent divides the median sale price by the annual HUD Fair Market Rent (a 3-bedroom, 40th-percentile benchmark), so it is a directional rent-vs-buy read, not a cap rate; its year-over-year change is directional in the same way. Asking price per square foot is the median across active for-sale listings (Realtor.com), as of Aug 2026. The bar under a figure places this metro among the U.S. metros we track on that measure, highest first.
Market pressure
| Listings with a price cut | ≈ 39% -1.7 pts YoY 83rd of 194 (top 43%) |
|---|---|
| New housing units permitted | 817 |
Price-cut share is the portion of active for-sale listings that have taken a price reduction (Realtor.com), as of Aug 2026. New housing units authorized by residential building permits in the metro that month — new supply in the pipeline, which counts of existing listings don't capture (US Census Bureau, Building Permits Survey), as of Jul 2026. The bar under a figure places this metro among the U.S. metros we track on that measure, highest first.
Market facts
| ZIPs with listing data | 12 shown of 89 |
|---|---|
| MLS board of record | Des Moines Area MLS |
| Price methodology | Three-Opinion · Redfin · FHFA HPI · Zillow ZHVI |
| Data as of | Aug 2026 |
Recent signals
No signals flagged for this market right now.
Price reconciliation
normal · 0.0ppRedfin (city) +2.3% | FHFA HPI · Q2 2026 +2.3% |
Year-over-year home-price change from two independent methods — Redfin (monthly sold price) and FHFA (quarterly repeat-sales index). When they diverge, the market is mid-shift; cite the figure with that in mind.
Market dispatches
Citable market dispatches for Des Moines → Latest dispatch: Aug 14, 2026.
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Start free trialZIP-level data
| ZIP | Median list price | Active listings | New listings | Price reductions | Days on market | Home value |
|---|---|---|---|---|---|---|
| 50009 | $375K↑ | 105↓ | 44↑ | 40↓ | 64↓ | $320K↓ |
| 50021 | $359K↓ | 235↑ | 56↑ | 84↑ | 72↓ | $319K↑ |
| 50023 | $377K↓ | 200↓ | 68↑ | 88↓ | 51↓ | $356K↑ |
| 50111 | $409K↓ | 124↑ | 36↑ | 44↑ | 59↓ | $347K↓ |
| 50131 | $425K↓ | 128↑ | 28↑ | 48↑ | 67↓ | $402K↑ |
| 50211 | $369K↑ | 148↑ | 44↑ | 44↓ | 69↓ | $343K↑ |
| 50263 | $437K↑ | 294↑ | 72↑ | 124↑ | 76↓ | $345K↓ |
| 50265 | $320K↓ | 131↑ | 48↑ | 56↑ | 54↑ | $312K↑ |
| 50266 | $362K↑ | 254↑ | 68↑ | 112↑ | 65↑ | $336K↓ |
| 50315 | $210K↓ | 123↑ | 56↑ | 72↑ | 51↓ | $198K↑ |
| 50317 | $238K↑ | 150↑ | 64↓ | 56↓ | 60↑ | $194K↓ |
| 50323 | $520K↑ | 177↓ | 32↑ | 64↓ | 84↓ | $458K↓ |
ZIP figures from Realtor.com listing data; home value from Zillow ZHVI. ZIP codes shown have the most complete listing-data history and active for-sale inventory in this metro; the latest available month is shown per ZIP. Arrows show the direction of each figure against the same three months a year earlier; no arrow means the change rounds to zero or the comparison isn't available.