Grimes, IA 50111 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Grimes, IA—50111

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$343,000

1.8% YoY Growth

Household Income

$108,000

18.7% YoY Growth

Days on Market

7.0% Longer YoY

Home Price Forecast

0.6%

Median Rent

$1,850

10.4% YoY Growth

1-Bed Rent

$961

28.3% YoY Growth

2-Bed Rent

$850

11.1% YoY Growth

3-Bed Rent

$1,900

2.6% YoY Growth

Home Price Trends — Grimes, IA

As of Dec '25, the median home price in Grimes, IA is $343,000, with a year-over-year change of 1.8%. This indicates that home prices in Grimes, IA are increasing. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$343,000	1.8%
Single Family	$356,000	1.4%
Condos	$221,000	2.8%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Grimes, IA

As of July '25, Rentcast reports the average rent in Grimes, IA is $1,630, with a year-over-year rent change of -10.4%. Per bedroom, the median rent as of July '25 in Grimes, IA is studios: $930, 1-bedrooms: $924, 2-bedrooms: $1,040, 3-bedrooms: $1,960, 4-bedrooms: $2,330. The most common rental property sizes in Grimes, IA are 2-bedroom and 1-bedroom, accounting for 48.1% and 22.1% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,850	$1,630
Studio Rent	$929	$930
1 Bed Rent	$961	$924
2 Bed Rent	$850	$1,040
3 Bed Rent	$1,900	$1,960
4 Bed Rent	$2,340	$2,330

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% of Rental Stock

Studio

2.7%

1 Bedroom

22.1%

2 Bedrooms

48.1%

3 Bedrooms

12.9%

4 Bedrooms

14.2%

Property Listings — Grimes, IA

As of Dec '25, Realtor.com reports that the median days on market for a home in Grimes, IA is 71. This is a increase of 18.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 34.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$368,000	0.0%
Listing Count	108	-5.0%
Listings as % of Homes	1.3%	-5.0%
Days on Market	76	7.0%

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Demographics — Grimes, IA

As of the latest ACS Survey released in 2023, Grimes, IA has a population of 16,300, which has increased by 18.1% over the past 5 years. Grimes, IA is a popular place for families, as children make up 27.6% of the population. The area has a highly educated workforce, with 48.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 24.4% reporting working from home.

Metric	Latest Census	YoY % Change
Population	16,300	18.1%
% Under 18	27.6%	-9.8%
% Seniors	7.9%	-24.8%
% WFH	24.4%	419.1%
% w/ College Degree	48.1%	15.1%

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As of the latest ACS Survey released in 2023, Grimes, IA is a predominantly white area, with 85.4% of the population identifying as white. The white population has shrunk by 6.9% in the last 5 years. The second most common race or ethnicity in Grimes, IA is hispanic, making up 6.3% of the population. Foreign-born residents account for 6.0% of the population in Grimes, IA, and this percentage has increased by 7.1% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	85.4%	-6.9%
% Black	2.3%	∞%
% Hispanic	6.3%	133.3%
% Asian	3.5%	40.0%
% Foreign Born	6.0%	7.1%

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Mortgage and Risk — Grimes, IA

According to HUD data as of 2023, there were 382 mortgage originations in Grimes, IA, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Grimes, IA. Investor activity is low, as 2.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	382
% Conventional Loans	88.0%
% Government Loans	12.0%
% Investor Loans	2.0%
% Second Loans	0.0%
% Cash Out Refinance	6.0%

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Rentals and Section 8 — Grimes, IA

As of 2024, the percent of homes in Grimes, IA under the Section 8 program is 3.3%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Grimes, IA, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.

Section 8 Market Size

Total Units under HUD	66
Total Units Section 8	66
% Rentals under Section 8	3.3%
% Occupied Section 8	80.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$29	$961	$990
2 Bedroom	$330	$850	$1,180
3 Bedroom	-$320	$1,900	$1,580
4 Bedroom	-$750	$2,340	$1,590

Grimes, IA—50111

Key Metrics at a Glance

Home Price Trends — Grimes, IA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Grimes, IA

% of Rental Stock

Property Listings — Grimes, IA

Demographics — Grimes, IA

Race and Ethnicity

Mortgage and Risk — Grimes, IA

Mortgages

Rentals and Section 8 — Grimes, IA

Section 8 Market Size

Section 8 Opportunity

Affordability — Grimes, IA

Home Price to Income Ratio

Grimes, IA — ZIP Code Boundary Map

Nearby ZIP Codes

Urbandale, IA

Granger, IA

Clive, IA

Johnston, IA

Urbandale, IA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3
Median Home Price	$343,000
Median Household Income	$108,000

Grimes, IA—50111

Key Metrics at a Glance

Home Price Trends — Grimes, IA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Grimes, IA

% of Rental Stock

Property Listings — Grimes, IA

Demographics — Grimes, IA

Race and Ethnicity

Mortgage and Risk — Grimes, IA

Mortgages

Rentals and Section 8 — Grimes, IA

Section 8 Market Size

Section 8 Opportunity

Affordability — Grimes, IA

Home Price to Income Ratio

Grimes, IA — ZIP Code Boundary Map

Nearby ZIP Codes

Urbandale, IA

Granger, IA

Clive, IA

Johnston, IA

Urbandale, IA

Frequently Asked Questions

What is the average home price in Grimes, IA 50111?

How have home prices in Grimes, IA 50111 changed over the past year?

What is the home price projection for Grimes, IA 50111?

What are the demographics of Grimes, IA 50111?

How long does it take homes to sell in Grimes, IA 50111?

What is the average rent price in Grimes, IA 50111?