Southwest, Des Moines, IA—50313
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Southwest, Des Moines, IA
As of Oct '25, the median home price in Southwest, Des Moines, IA is $183,000, with a year-over-year change of 1.6%. This indicates that home prices in Southwest, Des Moines, IA are increasing. 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 | $183,000 | 1.6% |
| Single Family | $183,000 | 1.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $121,000 | 0.0% |
2 Bed | $153,000 | 1.3% |
3 Bed | $207,000 | 2.0% |
4 Bed | $242,000 | 2.5% |
| 5 Bed | $269,000 | 4.3% |
% of Housing Stock
Rental Trends — Southwest, Des Moines, IA
As of July '25, Rentcast reports the average rent in Southwest, Des Moines, IA is $1,130, with a year-over-year rent change of -9.6%. Per bedroom, the median rent as of July '25 in Southwest, Des Moines, IA is studios: $600, 1-bedrooms: $855, 2-bedrooms: $1,100, 3-bedrooms: $1,580, 4-bedrooms: $1,640. The most common rental property sizes in Southwest, Des Moines, IA are 2-bedroom and 3-bedroom, accounting for 51.0% and 23.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,100 | $1,130 |
| Studio Rent | $600 | $600 |
| 1 Bed Rent | $795 | $855 |
| 2 Bed Rent | $1,140 | $1,100 |
| 3 Bed Rent | $1,500 | $1,580 |
| 4 Bed Rent | $1,640 | $1,640 |
% of Rental Stock
Property Listings — Southwest, Des Moines, IA
As of Oct '25, Realtor.com reports that the median days on market for a home in Southwest, Des Moines, IA is 55. This is a decrease of -1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 49.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $194,000 | -14.0% |
Listing Count | 107 | 16.0% |
| Listings as % of Homes | 0.5% | 16.0% |
Days on Market | 55 | -1.0% |
Demographics — Southwest, Des Moines, IA
As of the latest ACS Survey released in 2023, Southwest, Des Moines, IA has a population of 18,300, which has decreased by -4.2% over the past 5 years. Southwest, Des Moines, IA is a moderately popular place for families, as children make up 21.9% of the population. The area has a poorly educated workforce, with 16.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 18,300 | -4.2% |
% Under 18 | 21.9% | -13.4% |
% Seniors | 13.7% | 26.9% |
% WFH | 7.4% | 393.3% |
% w/ College Degree | 16.2% | 22.7% |
As of the latest ACS Survey released in 2023, Southwest, Des Moines, IA is a predominantly white area, with 61.1% of the population identifying as white. The white population has shrunk by 14.4% in the last 5 years. The second most common race or ethnicity in Southwest, Des Moines, IA is hispanic, making up 16.9% of the population. Foreign-born residents account for 16.1% of the population in Southwest, Des Moines, IA, and this percentage has increased by 46.4% 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 | 61.1% | -14.4% |
% Black | 10.9% | 19.8% |
% Hispanic | 16.9% | 17.4% |
% Asian | 6.3% | 133.3% |
% Foreign Born | 16.1% | 46.4% |
Mortgage and Risk — Southwest, Des Moines, IA
According to HUD data as of 2023, there were 441 mortgage originations in Southwest, Des Moines, IA, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Southwest, Des Moines, IA. Investor activity is low, as 8.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 441 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 8.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Southwest, Des Moines, IA
As of 2024, the percent of homes in Southwest, Des Moines, IA under the Section 8 program is 5.0%. 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 and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Southwest, Des Moines, IA, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 175 |
Total Units Section 8 | 85 |
% Rentals under Section 8 | 5.0% |
% Occupied Section 8 | 80.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $225 | $795 | $1,020 |
| 2 Bedroom | $80 | $1,140 | $1,220 |
| 3 Bedroom | $140 | $1,500 | $1,640 |
| 4 Bedroom | $0 | $1,640 | $1,640 |
Affordability — Southwest, Des Moines, IA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $183,000 |
| Median Household Income | $64,100 |