Des Moines’ housing market is experiencing notable shifts, with home values and rental prices showing modest increases. As of May 2026, the average home value stands at $212,479, reflecting a 0.4% rise over the past year. Homes typically go pending in about 18 days, indicating a steady demand. The median sale price is $205,633, with a median list price of $224,083. Approximately 15.8% of sales have been closing above the list price, suggesting competitive conditions in certain segments.
On the rental front, the average rent in Des Moines is $1,138 per month, marking a 2.4% increase year-over-year. This remains below the national average rent of $1,951, offering relatively affordable options for renters.
Several developments are poised to reshape the local housing landscape. A $42.25 million mixed-use project has been proposed for the former Wells Fargo parking lot at 900 Vine St. This five-story development aims to enhance the downtown area with residential and commercial spaces.
In West Des Moines, city officials are considering a new “blended neighborhood” zoning district to promote denser, more walkable communities. This initiative seeks to diversify housing options by allowing single-family homes, duplexes, triplexes, and fourplexes within the same subdivision, potentially improving access to entry-level homes.
Additionally, the Middlebrook development in Cumming is gaining momentum. Designed as an 800-acre “agrihood,” Middlebrook aims to emulate the charm of small towns like Winterset and Decorah. The project includes a town center, diverse housing options, local amenities, farms, and community gardens, offering an alternative to traditional suburban sprawl.
These developments reflect a concerted effort to address housing needs and enhance community living in the Des Moines area. Prospective buyers and renters should stay informed about these trends and consider how they align with their housing goals.