Northeast, Des Moines, IA—50309
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Northeast, Des Moines, IA
As of Oct '25, the median home price in Northeast, Des Moines, IA is $249,000, with a year-over-year change of 0.3%. This indicates that home prices in Northeast, Des Moines, IA are flat. According to Zillow, the 1-year price projection is -0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $249,000 | 0.3% |
| Single Family | $289,000 | 1.8% |
| Condos | $225,000 | 1.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $190,000 | 2.2% |
2 Bed | $297,000 | 1.0% |
3 Bed | $358,000 | 0.8% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
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.
| Type | Median Rent | Average 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/A | N/A |
| 4 Bed Rent | $1,600 | $1,600 |
% of Rental Stock
Property Listings — Northeast, Des Moines, IA
As of Oct '25, Realtor.com reports that the median days on market for a home in Northeast, Des Moines, IA is 128. This is a increase of 63.0% 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 16.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $281,000 | -1.0% |
Listing Count | 74 | 39.0% |
| Listings as % of Homes | 0.3% | 39.0% |
Days on Market | 128 | 63.0% |
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.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,200 | 31.3% |
% Under 18 | 2.5% | -65.3% |
% Seniors | 7.5% | -7.4% |
% WFH | 18.1% | 241.5% |
% w/ College Degree | 66.8% | 47.1% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$50 | $1,110 | $1,060 |
| 2 Bedroom | -$130 | $1,400 | $1,270 |
| 3 Bedroom | N/A | N/A | $1,700 |
| 4 Bedroom | $110 | $1,600 | $1,710 |
Affordability — Northeast, Des Moines, IA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $249,000 |
| Median Household Income | $58,000 |