Thinking Long-Term: Is It Better to Rent or Buy in Des Moines Right Now?

When it comes to putting down roots or planning your next move in Des Moines, the age-old question resurfaces: Should I rent or should I buy? With the market shifting, interest rates adjusting, and Des Moines growing faster than ever, it’s important to look at more than just short-term costs.

Let’s dig into what makes sense for you in today’s market—and more importantly, what makes sense long-term.

The Case for Buying: Building Equity in the Heart of Iowa

Des Moines has consistently been named one of the most affordable cities in the country to purchase a home. Even with fluctuating interest rates, monthly mortgage payments often remain competitive with (or even lower than) current rental prices.

Why Buying Might Make Sense:

• Equity Growth: Every mortgage payment builds your ownership stake in your home—unlike rent, which builds your landlord’s wealth.
• Predictable Costs: Fixed-rate mortgages offer consistency, while rents often rise year after year.
• Personalization & Stability: Want to paint the walls or start a garden? Homeownership gives you full control—and a sense of permanence.
• Tax Perks: Homeowners can often deduct mortgage interest and property taxes, adding up to thousands in potential savings.
  
  

Long-term tip: If you plan to stay in the area for at least 3–5 years, buying can be the more financially sound move, especially in a market like Des Moines where home values are steadily appreciating.

The Case for Renting: Flexibility in a Fast-Moving Market

While owning a home has undeniable long-term perks, renting still makes sense for certain life stages and situations.

Why Renting Might Be Right for You:

• Mobility: Thinking about a career shift or a move in the near future? Renting gives you the flexibility to pivot.

• Lower Upfront Costs: Renting requires a security deposit and maybe a few fees, but buying means a down payment, closing costs, and maintenance expenses.

• Less Responsibility: No need to mow the lawn, replace the roof, or worry about furnace repairs—that’s your landlord’s job.
  
  

Long-term tip: If your life is in transition or you’re still exploring which Des Moines neighborhood fits you best, renting can be a smart way to “test-drive” the area before buying.

Des Moines Rental vs. Purchase Snapshot (2025)

• Average Rent (2BR apartment): ~$1,250/month
• Average Mortgage (2BR home): ~$1,100–$1,400/month (depending on down payment and credit)
• Home Appreciation (past 5 years): +28% overall growth
• Rental Price Increases (past 5 years): +20% overall growth
  
  

Des Moines continues to attract buyers thanks to its job market, cost of living, and lifestyle offerings. In many cases, buying isn’t just an emotional investment—it’s a financially smart one too.

So, What’s Right for You?

There’s no one-size-fits-all answer. The real question is: What are your long-term goals?

Ask yourself:

• Do I want to settle down in Des Moines?
• Am I financially ready for the responsibilities of owning a home?
• Am I prepared to commit to one area for the next few years?
• What do I value more right now: flexibility or stability?
  
  

A trusted local real estate team (that's us!) can walk you through your options with data-driven insights and real-world advice tailored to your goals.

Final Thoughts: Think Ahead, Act Smart

Whether you’re a first-time homebuyer or a lifelong renter, the decision to rent or buy in Des Moines isn’t just about today—it’s about what your future looks like.

And remember, you don’t have to figure it all out alone. We’re here to guide you every step of the way, whether you’re ready to tour homes, review mortgage options, or just talk things out.

Let’s Talk!

Thinking about buying? Not sure if now’s the right time? Contact The dsmSOLD Team for a no-pressure consultation. We’ll help you weigh your options and find the path that fits your long-term vision.

📞 Call us or 📩 message us today — your future self will thank you.