Des Moines, Iowa’s capital city, has emerged as a hidden gem in the Midwest. Known for its vibrant cultural scene, excellent quality of life, and affordable real estate, Des Moines offers a unique blend of urban amenities and small-town charm. This article explores what it’s like to live in Des Moines and provides an in-depth look at the real estate market.
The Appeal of Des Moines
Des Moines surprises many first-time visitors with its dynamic blend of history, culture, and modernity. With a population of around 215,000, it is large enough to offer diverse opportunities and amenities while maintaining a welcoming and community-oriented atmosphere.
Quality of Life
One of the biggest draws to Des Moines is its high quality of life. The city consistently ranks high in nationwide surveys for affordability, job opportunities, and family-friendly amenities. The cost of living in Des Moines is significantly lower than in many other metropolitan areas, making it an attractive option for young professionals, families, and retirees alike.
Des Moines boasts excellent public schools, numerous parks, and a thriving arts scene. Des Moines is home to several annual events and festivals, including the renowned Iowa State Fair, the Des Moines Arts Festival, and the World Food & Music Festival. These events and various museums, theaters, and galleries ensure there is always something to do.
Economic Opportunities
Des Moines is not only the political capital of Iowa but also a significant economic hub for the area. It is a center for the insurance industry, earning it the nickname “Hartford of the West.” Major companies such as Principal Financial Group, Nationwide, and Wellmark Blue Cross Blue Shield have headquarters here. Additionally, the city has a growing technology sector and is home to several startups and innovative businesses.
The job market in Des Moines is robust, with low unemployment rates and a diverse array of opportunities. The median household income is higher than the national average, and the region’s economy is expected to continue growing, providing a stable environment for both residents and investors.
The Real Estate Market in Des Moines Is Strong
Affordability and Value
Affordability is one of the most compelling reasons to consider buying real estate in Des Moines. The city’s real estate market offers many options, from historic homes in charming neighborhoods to new developments with modern amenities. According to Zillow, the median home price in Des Moines is significantly lower than the national average, making it an accessible market for first-time buyers and investors alike.
Des Moines is characterized by its distinct neighborhoods, each with its own unique charm and appeal. Here are a few notable ones:
- Downtown Des Moines: For those who crave an urban lifestyle, downtown Des Moines offers modern condos and lofts within walking distance of restaurants, shops, and entertainment venues. The area has seen significant revitalization in recent years, with new developments and a growing population of young professionals.
- East Village: Located just east of downtown, this trendy neighborhood is known for its eclectic mix of boutiques, galleries, and eateries. The East Village combines historic charm with modern living, featuring renovated historic buildings alongside contemporary apartments and townhomes.
- Beaverdale: Known for its picturesque brick homes and tree-lined streets, Beaverdale is a favorite among families. The neighborhood has a strong sense of community, with local schools, parks, and family-friendly events.
- Windsor Heights: This small city within the Des Moines metropolitan area offers a suburban feel with easy access to urban amenities. Windsor Heights is known for its excellent schools and safe, quiet streets.
- South of Grand: An upscale neighborhood featuring beautiful, historic homes and large estates. This area is ideal for those seeking a more affluent lifestyle close to downtown.
Real Estate Market Insights
The real estate market in Des Moines has been relatively stable, with steady appreciation rates. The city was not as heavily impacted by the 2008 housing crisis as other areas, which has contributed to its reputation as a stable and reliable market. In recent years, solid demand and limited inventory have driven moderate price increases.
Investors are particularly interested in Des Moines due to its rental market potential. With a large student population from institutions like Drake University and a steady influx of young professionals, rental properties can provide attractive returns. Moreover, the city’s ongoing development projects promise future appreciation in property values.
Buying Process
For those looking to buy real estate in Des Moines, the process is straightforward, but you will likely benefit from local knowledge. Engaging with a local real estate agent can provide valuable insights into the best neighborhoods and emerging market trends. Additionally, Iowa’s relatively low property taxes compared to other states add to the affordability of owning property here.
Buyers should also be aware of the seasonal nature of the market. Spring and summer tend to be the busiest times for real estate transactions, with more listings and competitive pricing. However, savvy buyers can find good deals in the off-season, especially during winter.
Living in Des Moines
Cultural and Recreational Activities
Living in Des Moines means having access to a wide variety of cultural and recreational activities. The Des Moines Art Center, the Greater Des Moines Botanical Garden, and the Science Center of Iowa are just a few of the cultural institutions that residents can enjoy.
Des Moines offers numerous parks, trails, and recreational areas for outdoor enthusiasts. Gray’s Lake Park is popular for walking, biking, and kayaking. At the same time, the city’s extensive trail system, including the High Trestle Trail, provides opportunities for long-distance cycling and hiking.
Education and Healthcare
Des Moines is home to several top-rated schools and higher education institutions. The Des Moines, Public Schools district, is the largest in Iowa and offers a range of programs and services to meet diverse student needs. Additionally, private schools and nearby universities, such as Drake University and Des Moines University, provide excellent educational opportunities.
Healthcare in Des Moines is robust, with several major hospitals and providers, including MercyOne Des Moines Medical Center and UnityPoint Health—Des Moines. The city’s healthcare system is well-regarded for its quality and accessibility.
Community and Lifestyle
One of Des Moines’s defining characteristics is its strong sense of community. The city is known for its friendly residents and active neighborhood associations. Community events and local initiatives foster a sense of belonging and civic pride.
Des Moines also offers a diverse range of dining and shopping options. The city’s food scene is vibrant and varied, from farm-to-table restaurants and international cuisine to local breweries and coffee shops. Shopping options include everything from independent boutiques in the East Village to significant retailers at Jordan Creek Town Center.
Transportation and Accessibility
Des Moines is conveniently located in the heart of the Midwest, making it easily accessible by car, plane, or train. The Des Moines International Airport serves the city and offers numerous flights to major cities across the United States. Additionally, the city’s public transportation system, operated by Des Moines Area Regional Transit (DART), provides bus services throughout the metropolitan area.
Des Moines offers a straightforward and efficient road network for those who prefer to drive, with major highways connecting the city to surrounding areas. Traffic congestion is generally minimal compared to larger metropolitan areas, making commutes relatively stress-free.
Overall Conclusion On Living And Buying Real Estate In Des Moines
Living and buying real estate in Des Moines presents an attractive proposition for many. With its high quality of life, affordable housing, and vibrant community, Des Moines offers the best of both urban and suburban living. Whether you are a young professional looking to start a career, a family seeking a friendly and safe environment or a retiree searching for a comfortable and engaging place to call home, Des Moines has something to offer.
The real estate market in Des Moines is characterized by its affordability, stability, and potential for growth. With diverse neighborhoods, robust economic opportunities, and a strong sense of community, Des Moines stands out as a city where one can truly thrive. As the city continues to grow and evolve, it remains an excellent place to invest in real estate and build a fulfilling life.