Chicago · Registered nurse · $98,500 · One adult, renting a 1-bedroomSaved on this device

Chicago · Registered nurse · $98,500 · One adult, renting a 1-bedroom

Des Moines, IA

Housing in Des Moines, IA: Rent, Home Prices & Property Tax

$991/mo (1 bd) in Des Moines. Median home $252,400. Property tax 1.43%.

Compare vs Chicago Rank metros from Des MoinesHow we figure this

Rent (1 bd): $991; /mo
Buy: $1,808; Mortgage, tax, insurance
Buying costs more: $817; /mo

State tax and rent

To buy

20% down payment$50,480
Mortgage at 6.5%$1,276
Property tax (1.43% of value)$301/mo · $3,609/yr
Insurance and upkeep$231
Monthly total$1,808

40.7% of renters spend 30% or more of income on rent. Census ACS 2023.

Months to 20% down

$2,910 left each month. About 18 months (1.5 years) to save $50,480.

Asking rent. Census median home price. 30-year fixed, 6.5%, 20% down. Not lending advice.

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