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Northeast, Des Moines, IA—50309

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$248,000
4.1% YoY Growth
Household Income
$58,000
29.4% YoY Growth
Days on Market
79
34.0% Longer YoY
Home Price Forecast
-0.8%
Median Rent
$1,050
21.7% YoY Growth
1-Bed Rent
$1,110
5.2% YoY Growth
2-Bed Rent
$1,400
19.2% YoY Growth
3-Bed Rent
N/A
N/A
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Northeast, Des Moines, IA

As of May '26, the median home price in Northeast, Des Moines, IA is $248,000, with a year-over-year change of -4.1%. This indicates that home prices in Northeast, Des Moines, IA are decreasing. According to Zillow, the 1-year price projection is -0.8%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$248,000-4.1%
Single Family $291,000-1.7%
Condos $206,000-5.9%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $188,000
    -2.1%
    2 Bed
    		$295,000-1.0%
    3 Bed
    		$350,0001.7%
    4 Bed
    		N/AN/A
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    22.7%
    1 Bedroom
    46.3%
    2 Bedrooms
    26.1%
    3 Bedrooms
    4.8%
    4 Bedrooms
    0.1%

    Rental Trends — Northeast, Des Moines, IA

    As of July '25, Rentcast reports the average rent in Northeast, Des Moines, IA is $1,230, with a year-over-year rent change of -21.7%. Per bedroom, the median rent as of July '25 in Northeast, Des Moines, IA is studios: $984, 1-bedrooms: $1,280, 2-bedrooms: $1,550, 4-bedrooms: $1,600. The most common rental property sizes in Northeast, Des Moines, IA are 1-bedroom and 2-bedroom, accounting for 50.1% and 26.0% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,050$1,230
    Studio Rent $910$984
    1 Bed Rent $1,110$1,280
    2 Bed Rent $1,400$1,550
    3 Bed Rent N/AN/A
    4 Bed Rent $1,600$1,600
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    % of Rental Stock

    Studio
    21.3%
    1 Bedroom
    50.1%
    2 Bedrooms
    26.0%
    3 Bedrooms
    2.4%
    4 Bedrooms
    0.2%

    Property Listings — Northeast, Des Moines, IA

    As of May '26, Realtor.com reports that the median days on market for a home in Northeast, Des Moines, IA is 79. This is a increase of 34.0% 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 14.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$275,000-19.0%
    Listing Count
    		88-5.0%
    Listings as % of Homes0.3%-5.0%
    Days on Market
    		7934.0%
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    Demographics — Northeast, Des Moines, IA

    As of the latest ACS Survey released in 2023, Northeast, Des Moines, IA has a population of 9,200, which has increased by 31.3% over the past 5 years. Northeast, Des Moines, IA is a less popular place for families, as children make up 2.5% of the population. The area has a highly educated workforce, with 66.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.1% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		9,20031.3%
    % Under 18
    		2.5%-65.3%
    % Seniors
    		7.5%-7.4%
    % WFH
    		18.1%241.5%
    % w/ College Degree
    		66.8%47.1%
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    As of the latest ACS Survey released in 2023, Northeast, Des Moines, IA is a predominantly white area, with 67.4% of the population identifying as white. The white population has grown by 17.6% in the last 5 years. The second most common race or ethnicity in Northeast, Des Moines, IA is black, making up 12.0% of the population. Foreign-born residents account for 9.2% of the population in Northeast, Des Moines, IA, and this percentage has decreased by 44.9% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		67.4%17.6%
    % Black
    		12.0%-41.5%
    % Hispanic
    		10.2%67.2%
    % Asian
    		4.8%-53.8%
    % Foreign Born
    		9.2%-44.9%
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    Mortgage and Risk — Northeast, Des Moines, IA

    According to HUD data as of 2023, there were 66 mortgage originations in Northeast, Des Moines, IA, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Northeast, Des Moines, IA. Investor activity is low, as 9.0% of loans were by investors. 2.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		66
    % Conventional Loans
    		94.0%
    % Government Loans
    		6.0%
    % Investor Loans
    		9.0%
    % Second Loans
    		6.0%
    % Cash Out Refinance
    		2.0%
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    Rentals and Section 8 — Northeast, Des Moines, IA

    Northeast, Des Moines, IA lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		821
    Total Units Section 8
    		621
    % Rentals under Section 8
    		9.8%
    % Occupied Section 8
    		86.9%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$50$1,110$1,060
    2 Bedroom-$130$1,400$1,270
    3 BedroomN/AN/A$1,700
    4 Bedroom$110$1,600$1,710

    Affordability — Northeast, Des Moines, IA

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio4.2
    Median Home Price$248,000
    Median Household Income$58,000

    Northeast, Des Moines, IA — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Ankeny South, Des Moines, IA

    50314

    Windsor Heights, Des Moines, IA

    50316

    Urbandale, Des Moines, IA

    50315

    Northwest, Des Moines, IA

    50311

    Beaver Twp, Des Moines, IA

    50312

    Frequently Asked Questions