Mortgage payment estimates, closing cost breakdowns, and homebuying data for Des Moines, Iowa.
Pre-filled with Des Moines median home price and Iowa tax/insurance rates. Adjust for your property.
Estimated closing costs based on Iowa rates and fees applied to Des Moines prices.
The median home price in Des Moines is $225,000, 7% above the Iowa state median of $210,000. With a population of 214,133, Des Moines is a mid-size city where home prices reflect strong demand and local economic factors.
Property taxes in Iowa average 1.52% annually. This higher-than-average tax rate means a $225,000 home in Des Moines would carry roughly $285/month in property taxes alone — plan accordingly. Homeowners insurance in Iowa runs approximately $1,800 per year. This is within the normal range nationally.
Average rent in Des Moines is $1,120/month. The price-to-rent ratio in Des Moines is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Des Moines offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with Iowa's IFA FirstHome program.