Iowa Housing Market Trends

Real-time market data powered by Zillow Research. Last updated: 2026-04-02

Des Moines has quietly become one of the Midwest's strongest housing markets, supported by major employers in insurance (Principal, EMC, Nationwide) and a growing tech and startup scene. The suburbs of West Des Moines, Ankeny, and Waukee consistently rank among Iowa's fastest-growing communities. Iowa City benefits from University of Iowa demand, creating a tight market with prices above state averages. Rural Iowa faces population decline in many counties, creating opportunities for remote workers and retirees seeking large properties at minimal cost.

By BuyAHomeIn Editorial | Updated 2026-03-02 | Sources: Zillow Research, U.S. Census

Is Now a Good Time to Buy in Iowa?

The Iowa housing market is showing balanced conditions.

home values have grown a moderate 3.5% year-over-year. there are currently 432 homes on the market.

Median Home Value

$227,764

Zillow Home Value Index

Year-over-Year

+3.5%

Home value change

5-Year Change

+32.2%

Since 2021

Median Rent

$1,019/mo

Zillow Observed Rent Index

Active Listings

432

Homes for sale

Home Value Trends

5-year Zillow Home Value Index (ZHVI) for Iowa vs. national average. ZHVI reflects the typical home value in the 35th-65th percentile range.

Rent Trends

Average rent in Iowa: $1,019/mo (+4.2% YoY)

Rent vs. Buy Analysis

With a median home value of $227,764 and average rent of $1,019/mo, the price-to-rent ratio in Iowa is 18.6. A ratio of 15-21 means it could go either way — run the numbers.

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