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Des Moines Iowa real estate is as varied as the city itself: walkable urban lofts in a revitalized East Village, century-old Victorians in Sherman Hill's National Historic District, brick Tudors on Beaverdale's tree-lined streets, and stately homes on the canopy-covered avenues of South of Grand. Des Moines is Iowa's capital and largest city, with a population of 212,421 anchored by a nationally significant financial services sector. Principal Financial Group, Wells Fargo, Wellmark Blue Cross Blue Shield, and EMC Insurance make the 515 one of the country's most resilient insurance and financial employment centers, which translates directly into stable housing demand across every price tier.
Megan Mitchum + CO brings Iowa's top-ranked Century 21 expertise to every Des Moines transaction, from entry-level starter homes in established city neighborhoods through premium South of Grand properties. With a median sold price of $206,000 in early 2026, Des Moines gives buyers meaningful purchasing power in a city with genuine urban infrastructure: the Principal Riverwalk, the Pappajohn Sculpture Park, the Saturday Downtown Farmers' Market, and a dining and arts scene that has made the 515 a consistent destination for young professionals and families relocating to the Midwest.
| Des Moines Iowa Real Estate: Quick Facts | Detail |
|---|---|
| Median Home Price | $206,000 median sold (March 2026, city proper); $193/sq ft (+1.0% YOY); broader Des Moines metro median ~$285,000 (Q1 2026, including Waukee, Ankeny, Johnston suburbs) |
| Market Conditions | 44 median days on market (March 2026); 2.8 months inventory metro-wide (approaching balance); metro sales volume up 18% vs Q1 2025; buyer-friendly pace in most city neighborhoods |
| Location | Iowa state capital; Polk County; I-80, I-35, and I-235 interchange; 15-20 min to Des Moines International Airport; surrounded by Clive, West Des Moines, Urbandale, Ankeny, and Johnston suburbs |
| Key Amenities | Principal Riverwalk trail system, Gray's Lake Park, John and Mary Pappajohn Sculpture Park (22 world-class artists, free), Downtown Farmers' Market (Saturdays, May-October, 9 city blocks), Des Moines Art Center, Iowa Events Center |
| Schools | Des Moines Public Schools (DMPS); 5 comprehensive high schools: East, Hoover, Lincoln, North, Roosevelt; Roosevelt has highest graduation rate (87%); open enrollment available to suburban districts |
| Demographics | Population 212,421 (2024 Census); median age 34.6; median household income $65,932; average household income $86,645; White 61%, Hispanic 16.3%, Black 11.1% |
| Megan Mitchum + CO | meganmitchum.com | #1 Sales Agent in Iowa 2024, Century 21 | $275M+ in Residential Sales | Des Moines Metro Specialists |
Overview
Des Moines consistently earns recognition as one of the most livable and affordable large cities in the United States, and the data supports it. Iowa's capital city operates at approximately 10% below the national cost of living, yet delivers genuine urban infrastructure: a nationally significant arts scene anchored by the Des Moines Art Center and the Pappajohn Sculpture Park, a trail network connecting Gray's Lake to the Principal Riverwalk and beyond, a Saturday Farmers' Market spanning nine city blocks from May through October, and a dining corridor in East Village that has attracted national attention. The city's median age of 34.6 years reflects an unusually young population for a state capital, a direct result of the employment base that Principal Financial Group, Wells Fargo, and the healthcare sector bring to the 515.
The city's neighborhood diversity is a genuine strength for buyers. No two Des Moines neighborhoods are alike: the Victorian streetscapes of Sherman Hill sit ten minutes from the mid-century brick character of Beaverdale, which sits ten minutes from the upscale stately avenues of South of Grand. That variety means Des Moines accommodates buyers at every life stage and price point within a compact, well-connected city footprint where most residents commute an average of 20 minutes to work.
Neighborhoods
Des Moines has more residential variety than most buyers expect in a Midwest city of its size. From urban walkable districts to tree-canopy streets with century-old architecture, each area has a distinct identity and price point. All neighborhoods below are served by Des Moines Public Schools (DMPS); open enrollment to suburban districts is available for eligible students.
East Village is Des Moines' most walkable urban district, centered on the State Capitol Complex and defined by beautifully restored warehouse buildings now home to independent boutiques, galleries, coffee shops (Scenic Route Bakery), and restaurants. Housing stock is primarily condos, lofts in converted warehouse buildings, and new infill townhomes. Price per square foot is among the highest in the city, with condos typically starting in the mid-$200Ks and newer townhome construction ranging from $350K to $500K+. The Principal Riverwalk trail system connects East Village to Gray's Lake, the Botanical Garden, and the Iowa Events Center. Buyers here trade private outdoor space for direct walkability to Des Moines' cultural core.
Sherman Hill is Des Moines' oldest and most architecturally significant residential neighborhood, listed on the National Register of Historic Places. The streetscape is a concentrated collection of well-preserved Victorian, Queen Anne, Italianate, Second Empire, and Gothic Revival homes from the 1870s through the early 1900s. Hoyt Sherman Place, a grand performing arts venue and gallery, anchors the neighborhood's cultural identity. Homes here typically range from $175K for fixer projects to $450K+ for fully restored properties. Exterior changes require review through the city's Historic Preservation Commission, which adds time and cost to renovation projects. Sherman Hill attracts buyers drawn to historic architecture, central location, and a neighborhood with strong artistic character.
Beaverdale is one of Des Moines' most beloved and tightly knit residential neighborhoods, built predominantly from the 1920s through the 1940s. The "Beaverdale Brick" character homes, primarily Tudor and bungalow styles with Colonial and Craftsman examples, line tree-shaded streets surrounding Beaver Avenue, the neighborhood's main commercial corridor of locally owned coffee shops, restaurants, and services. The annual Beaverdale Fall Festival is one of the city's most attended neighborhood events. Typical home prices range from approximately $175K for a starter bungalow to $400K for a larger updated Tudor on a premium lot. Beaverdale draws buyers who want mid-century residential character, neighborhood community, and daily errands within a short drive without paying downtown condo premiums.
The Drake neighborhood surrounds Drake University, one of Iowa's most prominent private universities with approximately 983 employees, and the area blends early-1900s bungalows, Tudor homes, and Colonial styles with the energy of a university district. Waveland Park borders the Waveland Park public golf course, one of Des Moines' most active public courses, and the adjacent residential streets offer solid 3- and 4-bedroom homes from approximately $200K to $450K. This area appeals to buyers seeking a yard, access to green space, and a shorter commute to Drake University or Des Moines' northwest employment corridors without the premium of South of Grand.
South of Grand is Des Moines' premier historic residential district, defined by majestic homes on tree-canopy streets and architectural showpieces including the Salisbury House, a meticulously preserved English manor with an extensive art collection and formal gardens. The neighborhood features Prairie School designs, elegant Georgian Revival homes, and substantial single-family residences typically ranging from $350K to $715K+, with premium parcels on Ridge Road and surrounding streets priced higher. The Des Moines Art Center is adjacent to South of Grand, reinforcing the neighborhood's cultural positioning. Waterbury, immediately adjacent, offers similar canopy-street character at slightly more accessible price points.
Lifestyle
Parks and Trails
Gray's Lake Park anchors Des Moines' outdoor recreation with a 1.9-mile Kruidenier Trail loop, the illuminated Chris and Marcie Coleman pedestrian bridge, kayaking, paddleboarding, and seasonal events including yoga in the park and the Jingle Bell Stroll. The Principal Riverwalk trail system extends the trail network from the downtown riverfront to East Village, the Greater Des Moines Botanical Garden, the Iowa Events Center, and Gray's Lake, with a riverfront amphitheater, outdoor ice skating rink (winter), and fountain plaza (summer) built into the promenade.
Arts and Culture
The John and Mary Pappajohn Sculpture Park at 1330 Grand Ave features works by 22 of the world's most celebrated sculptors on 4.4 acres of downtown green space, with free admission since its 2009 opening. The Des Moines Art Center houses a world-class permanent collection in three buildings designed by Eliel Saarinen, I.M. Pei, and Richard Meier, also with free general admission. Hoyt Sherman Place in Sherman Hill is one of Iowa's most historic performing arts venues. The annual Des Moines Arts Festival brings tens of thousands of visitors to the downtown core each summer.
Downtown Farmers' Market
The Downtown Des Moines Farmers' Market operates every Saturday from May through October, spanning nine city blocks of Court Avenue and surrounding downtown streets. Managed by the Greater Des Moines Partnership, the market hosts hundreds of Iowa farmers, bakers, artists, and craftspeople and regularly draws 20,000 to 30,000 visitors per Saturday. It is arguably the single event that most consistently defines Des Moines' community character: free, accessible, sprawling across the city's most walkable corridor, and present for six months of the year.
Dining and Neighborhoods
East Village's restaurant and coffee scene has earned national recognition, anchored by Scenic Route Bakery and a walkable grid of independent dining. Beaverdale's Beaver Avenue commercial strip serves as a neighborhood destination with locally owned cafes and dining. Court Avenue downtown concentrates nightlife, live music venues, and established restaurants within walking distance of the Principal Riverwalk and Pappajohn Sculpture Park. The Iowa Events Center and Wells Fargo Arena host major concerts, shows, and the Iowa Wild hockey team year-round.
Market
Des Moines city proper and the broader metro tell different market stories, and understanding the distinction is essential for buyers. The city of Des Moines median of $206,000 (March 2026, per Mitchum + CO market data) reflects a diverse inventory that ranges from distressed starter homes in $80K-$120K through premium South of Grand and East Village properties above $500K. The median price per square foot of $193, up 1.0% year-over-year, signals steady but measured appreciation. With 44 days on market, the city offers buyers meaningful time to evaluate properties, conduct due diligence, and transact without the compressed timelines that characterized 2021-2022.
The broader Des Moines metro, including Waukee, Ankeny, Johnston, West Des Moines, and Urbandale, reflects a higher median of approximately $285,000 in Q1 2026, with the suburban segment experiencing the strongest sales volume growth at 18% above Q1 2025 levels and inventory approaching balance at 2.8 months. Buyers deciding between city neighborhoods and suburban alternatives should factor in school district assignments, commute patterns, and the lifestyle tradeoff between urban walkability and suburban space. Megan Mitchum + CO operates across both the city and the full metro, giving clients the complete picture before they commit.
$206,000
Median Sold (Mar 2026)
$193/sqft
+1.0% Year-Over-Year
44 Days
Median Days on Market
34.6
Median Age
Getting Here
By Air
Des Moines International Airport (DSM) is 15 to 20 minutes from most Des Moines city neighborhoods, positioned south of the city off I-35. American, Delta, Southwest, and United serve DSM with nonstop routes to Chicago, Dallas, Denver, Minneapolis, Atlanta, Phoenix, and additional hubs. Frequent fliers and corporate travelers in the insurance and financial services sector will find DSM's scale appropriate for domestic travel needs while avoiding the congestion of larger hub airports.
By Car
Three major interstates converge in Des Moines: I-80 runs east-west along the city's southern perimeter; I-35 runs north-south through the western metro; I-235 bisects the city from west to east, connecting downtown to Clive and the western suburbs in approximately 10-14 minutes. The metro area's mean one-way commute is approximately 20 minutes, making Des Moines among the least traffic-stressed major metros in the Midwest. Principal Financial Group headquarters, Wells Fargo's major Iowa campus, and the Iowa State Capitol are all within the downtown core.
Within the Metro
DART (Des Moines Area Rapid Transit) operates a bus network connecting Des Moines neighborhoods to downtown and surrounding suburbs. Within the city, the Principal Riverwalk trail system and the broader metro trail network provide non-motorized connectivity between major parks, the downtown core, and residential neighborhoods. Surrounding communities including Clive, West Des Moines, Urbandale, Ankeny, and Johnston are all within 20 minutes of downtown by car, making Des Moines' central position efficient for residents whose work or life spans the full metro.
Schools
Des Moines Public Schools (DMPS)
Des Moines Public Schools is Iowa's largest school district, serving the city of Des Moines. DMPS operates five comprehensive high schools serving different sections of the city: East, Hoover, Lincoln, North, and Roosevelt. District-wide academic proficiency averages are below Iowa state benchmarks (39% math vs. 65% state; 53% reading vs. 71% state), reflecting the challenges of a large urban district serving a diverse and socioeconomically varied population. DMPS made gains on the Iowa School Performance Profile in 2025, and individual school performance varies significantly within the district.
Roosevelt High School
Roosevelt High School is the highest-ranked DMPS comprehensive high school by publicschoolreview.com (2025-26) and has the district's highest graduation rate at 87%, matching the Iowa state average. Roosevelt serves students in the south and southwest sections of Des Moines, including the Beaverdale, Drake, and Waveland Park attendance zones. Hoover High School is the second-ranked DMPS high school, serving the northeast section of the city. Buyers prioritizing school performance within DMPS should confirm specific school attendance zones for target addresses.
Open Enrollment and Private Options
Iowa's open enrollment policy allows students residing in Des Moines to enroll in neighboring suburban districts including West Des Moines CSD (home to Valley High School, #15 in Iowa), Johnston CSD, and Urbandale CSD, subject to available capacity and application deadlines. Many Des Moines families use open enrollment to access suburban district schools while living in city neighborhoods. Private school options include Des Moines Christian School, Dowling Catholic High School (West Des Moines), and other parochial options serving the metro. Confirming enrollment options and deadlines with specific districts is recommended before purchasing.
Des Moines Iowa Real Estate
Megan Mitchum + CO operates across the full Des Moines metro, from city neighborhoods like Beaverdale, Sherman Hill, and South of Grand through the western suburbs of Clive, West Des Moines, and Waukee. As Iowa's #1 Century 21 sales agent in 2024 with over $275M in residential sales, we bring transactional depth and local knowledge that translates directly into better outcomes for buyers and sellers across every price point the 515 offers.
Ready to explore Des Moines Iowa real estate? Contact Megan Mitchum + CO and let's find the right home for you in the 515.
The median sold price in Des Moines city proper was $206,000 in March 2026, with a median of $193 per square foot, up 1.0% year-over-year. The broader metro median including suburbs was approximately $285,000 in Q1 2026.
East Village for urban walkability, Sherman Hill for Victorian historic architecture, Beaverdale for brick Tudor character and community identity, Drake and Waveland Park for mid-century bungalows near green space, and South of Grand for upscale established homes on canopy-covered streets near the Des Moines Art Center.
Des Moines city is served by Des Moines Public Schools (DMPS), with five comprehensive high schools. Iowa's open enrollment policy allows DMPS students to apply to neighboring suburban districts including West Des Moines CSD (Valley High, #15 Iowa). Confirming attendance zones and open enrollment availability for specific addresses is strongly recommended.
Iowa's state capital and largest city, known nationally for insurance and financial services (Principal Financial Group, Wells Fargo, Wellmark), the Principal Riverwalk, Gray's Lake Park, Pappajohn Sculpture Park, the Saturday Downtown Farmers' Market, and a consistently affordable cost of living approximately 10% below the national average.
Yes. Des Moines provides meaningful purchasing power at a $206,000 city median, genuine urban infrastructure, stable employment anchored by insurance and healthcare, and access to a full range of suburban options within the metro. The 20-minute average commute and 10% below-national cost of living make it one of the Midwest's strongest value propositions for buyers at every life stage.
Megan Mitchum + CO
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