The story of this market
The typical home in ZIP 50315 sells for about $198,000, or $155 per square foot.
Prices are up +4.6% from a year ago, so sellers still have some momentum. Homes take about 32 days to sell. HUD's fair market rent for a two-bedroom is $1,001 a month.
ZIP 50315 — Des Moines
The 50315 housing market is currently experiencing moderate price appreciation with a median home value of approximately $199,000. The market is characterized by balanced rental conditions and steady demand, though inventory remains relatively tight.
This area is primarily suited for owner-occupant family buyers and those seeking more affordable housing options within the Des Moines metro area.
Median prices moved up 4.6% year over year.
Homes spend a median of 32 days on market with 3.8 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 99.1% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.2% · poverty 13.9% — a stable, low-distress profile.
ZCTA 50315, Polk County IA
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Iowa) — Iowa Property Tax Assessment Limitation: The taxable value is determined by applying an assessment limitation (rollback) to the assessed market value. The limitation is calculated annually to restrict the growth in aggregate taxable value for the residential class to 3% statewide.
The rental market is currently balanced, with rents showing a year-over-year increase of 4.0% as of July 2026.
The area is part of the broader Des Moines economy, which features a diverse mix of insurance, financial services, and government employment.
Data sourced from RentDataNow and Zillow 2026 reports.
Primary local thoroughfare with retail and service establishments.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.