Ankeny South, Des Moines, IA—50314
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Ankeny South, Des Moines, IA
As of Oct '25, the median home price in Ankeny South, Des Moines, IA is $154,000, with a year-over-year change of -0.3%. This indicates that home prices in Ankeny South, Des Moines, IA are flat. 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 | $154,000 | -0.3% |
| Single Family | $153,000 | -0.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $120,000 | -4.8% |
3 Bed | $156,000 | -0.6% |
4 Bed | $185,000 | 1.1% |
| 5 Bed | $202,000 | -1.0% |
% of Housing Stock
Rental Trends — Ankeny South, Des Moines, IA
As of July '25, Rentcast reports the average rent in Ankeny South, Des Moines, IA is $938, with a year-over-year rent change of -13.1%. Per bedroom, the median rent as of July '25 in Ankeny South, Des Moines, IA is studios: $694, 1-bedrooms: $802, 2-bedrooms: $931, 3-bedrooms: $1,240, 4-bedrooms: $1,700. The most common rental property sizes in Ankeny South, Des Moines, IA are 2-bedroom and 1-bedroom, accounting for 36.9% and 22.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $795 | $938 |
| Studio Rent | $650 | $694 |
| 1 Bed Rent | $765 | $802 |
| 2 Bed Rent | $875 | $931 |
| 3 Bed Rent | $1,100 | $1,240 |
| 4 Bed Rent | $1,700 | $1,700 |
% of Rental Stock
Property Listings — Ankeny South, Des Moines, IA
As of Oct '25, Realtor.com reports that the median days on market for a home in Ankeny South, Des Moines, IA is 67. This is a decrease of -4.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $189,000 | -16.0% |
Listing Count | 52 | 14.0% |
| Listings as % of Homes | 0.7% | 14.0% |
Days on Market | 67 | -4.0% |
Demographics — Ankeny South, Des Moines, IA
As of the latest ACS Survey released in 2023, Ankeny South, Des Moines, IA has a population of 10,200, which has decreased by -11.5% over the past 5 years. Ankeny South, Des Moines, IA is a popular place for families, as children make up 30.0% of the population. The area has a poorly educated workforce, with 15.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,200 | -11.5% |
% Under 18 | 30.0% | 2.7% |
% Seniors | 9.5% | -1.0% |
% WFH | 10.3% | 178.4% |
% w/ College Degree | 15.3% | -14.5% |
As of the latest ACS Survey released in 2023, Ankeny South, Des Moines, IA is a predominantly black area, with 36.9% of the population identifying as black. The black population has grown by 63.3% in the last 5 years. The second most common race or ethnicity in Ankeny South, Des Moines, IA is white, making up 29.0% of the population. Foreign-born residents account for 26.2% of the population in Ankeny South, Des Moines, IA, and this percentage has increased by 14.9% 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 | 29.0% | -5.5% |
% Black | 36.9% | 63.3% |
% Hispanic | 20.1% | -28.0% |
% Asian | 11.9% | -25.6% |
% Foreign Born | 26.2% | 14.9% |
Mortgage and Risk — Ankeny South, Des Moines, IA
According to HUD data as of 2023, there were 156 mortgage originations in Ankeny South, Des Moines, IA, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Ankeny South, Des Moines, IA. Investor activity is low, as 8.0% 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 | 156 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 8.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Ankeny South, Des Moines, IA
As of 2024, the percent of homes in Ankeny South, Des Moines, IA under the Section 8 program is 27.9%. This is considered high, suggesting that the neighborhood is heavily 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 Ankeny South, Des Moines, IA, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 645 |
Total Units Section 8 | 598 |
% Rentals under Section 8 | 27.9% |
% Occupied Section 8 | 82.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $125 | $765 | $890 |
| 2 Bedroom | $185 | $875 | $1,060 |
| 3 Bedroom | $320 | $1,100 | $1,420 |
| 4 Bedroom | -$270 | $1,700 | $1,430 |
Affordability — Ankeny South, Des Moines, IA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $154,000 |
| Median Household Income | $38,500 |