1031 Exchange Des Moines, Iowa

 

Rent, population, and median household income are important factors to consider for a 1031 exchange in Des Moines due to their correlations with market demand, and conversely, vacancy rate.

Surrounding metropolitan Area

Des Moines, Iowa is a part of the Des Moines-West Des Moines, IA metropolitan area, and contains 57 zip codes, including: 50983, 50313, 50950, 50339, 50394, and 50311.

Des Moines Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Des Moines, IA metropolitan area was $1,025, which is 30.41% lower than 2014 average rent. This represents a compounded annual growth rate of 5.45%. 2019 vacancy in Des Moines, IA was 6.30%.

The total population of the city of Des Moines, IA has grown 6.60% since 2010. As of 2018, the population was 216,853. The median household income of the Des Moines was $52,251, which is 13.34% lower than the national average.

  • metropolitan area Des Moines-West Des Moines, IA
  • avg rent $1,025
  • rent growth 30.41%
  • vacancy 6.30%
  • median income $52,251
  • population (2018) 216,853
  • population growth 6.60%
  • vs. nat'l avg 13.34%
  • zip codes 50301 50302 50303 50304 50305 50306 50307 50308 50309 50310 50311 50312 50313 50314 50315 50316 50317 50318 50319 50320 50321 50328 50329 50330 50331 50332 50333 50334 50335 50336 50339 50340 50359 50360 50361 50362 50363 50364 50367 50368 50369 50380 50381 50391 50392 50393 50394 50395 50396 50936 50940 50947 50950 50980 50981 50982 50983

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