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Ankeny South, Des Moines, IA—50314

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$166,000
2.5% YoY Growth
Household Income
$38,500
3.0% YoY Growth
Days on Market
58
73.0% Longer YoY
Home Price Forecast
-0.4%
Median Rent
$795
13.1% YoY Growth
1-Bed Rent
$765
7.8% YoY Growth
2-Bed Rent
$875
2.9% YoY Growth
3-Bed Rent
$1,100
29.9% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Ankeny South, Des Moines, IA

As of May '26, the median home price in Ankeny South, Des Moines, IA is $166,000, with a year-over-year change of 2.5%. This indicates that home prices in Ankeny South, Des Moines, IA are increasing. According to Zillow, the 1-year price projection is -0.4%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$166,0002.5%
Single Family $166,0002.5%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$133,0000.8%
    3 Bed
    		$168,0001.2%
    4 Bed
    		$197,0002.6%
    5 Bed $219,5791.9%
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    % of Housing Stock

    Studio
    8.0%
    1 Bedroom
    15.5%
    2 Bedrooms
    30.8%
    3 Bedrooms
    32.0%
    4 Bedrooms
    11.0%
    5+ Bedrooms
    2.6%

    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.

    TypeMedian RentAverage 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
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    % of Rental Stock

    Studio
    10.0%
    1 Bedroom
    22.9%
    2 Bedrooms
    36.9%
    3 Bedrooms
    21.3%
    4 Bedrooms
    7.8%
    5+ Bedrooms
    1.1%

    Property Listings — Ankeny South, Des Moines, IA

    As of May '26, Realtor.com reports that the median days on market for a home in Ankeny South, Des Moines, IA is 58. This is a increase of 73.0% 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 31.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$195,000-8.0%
    Listing Count
    		5220.0%
    Listings as % of Homes0.7%20.0%
    Days on Market
    		5873.0%
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    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.

    MetricLatest CensusYoY % 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%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax 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

    MetricZip Code Average
    Home Price to Income Ratio3.7
    Median Home Price$166,000
    Median Household Income$38,500

    Ankeny South, Des Moines, IA — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Northeast, Des Moines, IA

    50309

    Windsor Heights, Des Moines, IA

    50316

    Northwest, Des Moines, IA

    50311

    Windsor Twp, Des Moines, IA

    50310

    Southwest, Des Moines, IA

    50313

    Frequently Asked Questions