The 10 Cheapest Des Moines, IA Neighborhoods To Live In For 2019


We used science and data to determine which neighborhoods in Des Moines are the cheapest of the cheap.

Editor’s Note: This is our first time ranking the cheapest neighborhoods to live in Des Moines.
Cheapest Neighborhoods In Des Moines

Everything else equal, I think we can all agree that living in a cheaper place is better than living in a more expensive place.

I’d much rather pay $500/mo in rent than $1,000. And I’d rather pay $2 for coffee than $5.

And while every neighbhorhood in Des Moines might be more expensive than living in rural Iowa, there are certain neighborhoods that are definitely cheaper.

So what exactly are those Des Moines neighborhoods where your dollar goes a little further — you can get that one bedroom instead of the studio?

Instead of relying on public opinion and speculation, we wanted to get the facts straight and find out which neighborhoods in Des Moines are the cheapest.

What’s the cheapest neighborhood to live in Des Moines for 2019? According to the most recent census data, Chautauqua Park looks to be the cheaptest Des Moines neighborhood to live in.

At this point we should make it clear that you do get what you pay for — some of these neighborhoods might not be the best places to live in Des Moines. You could be sacrificing location or crime rates in return for more space and cheaper groceries.

Read on to see how we determined the places around Des Moines that deserve a little bragging rights or maybe you’re interested in the worst neighborhoods in Des Moines.

Once you’re done, you can look at the bottom of the story for a complete chart of every neighborhood we looked at from cheapest to most expensive.

For more Iowa reading, check out:

How We Determined The Cheapest Des Moines Hoods In 2019

In order to rank the cheapest places to live in Des Moines, we had to determine what criteria defines ‘cheap’.

Using census and extrapolated BLS data, we arrived at the following set of criteria:

  • Overall Cost Of Living
  • Rent To Income Ratio
  • Median Home Value To Income Ratio

We then ranked each neighborhood with scores from 1 to 50 in each category, where 1 was the cheapest.

Next, we averaged the rankings for each neighborhood to create a cheap neighborhood index.

And finally, we crowned the neighborhood with the lowest cheapest neighborhood index the ‘Cheapest City Neighborhood In Des Moines.’ We’re lookin’ at you, Chautauqua Park.

Read on below to learn more about what it’s like to live in the cheapest places Des Moines. Or skip to the end to see the list of all the neighborhoods in the city from cheapest to most expensive.

The 10 Cheapest Neighborhoods To Live In Des Moines For 2019

Overall SnackAbility

6
/10

Population: 441
Cost Of Living Index: 81 (9th cheapest)
Home Value To Income Ratio: 1.4 (2nd cheapest)
Rent To Income Ratio: 0.016 (22nd cheapest)
More on Chautauqua Park: Homes For Sale | Data

The median income in Chautauqua Park comes in at $55,000 and the median home value is $75,200 for 2019.

Overall SnackAbility

6
/10

Population: 1,750
Cost Of Living Index: 81 (9th cheapest)
Home Value To Income Ratio: 1.9 (6th cheapest)
Rent To Income Ratio: 0.015 (20th cheapest)
More on Mckinley School: Homes For Sale | Data

The median income in Mckinley School comes in at $43,808 and the median home value is $83,933 for 2019.

Overall SnackAbility

4
/10

Population: 255
Cost Of Living Index: 76 (1st cheapest)
Home Value To Income Ratio: 0.7 (1st cheapest)
Rent To Income Ratio: 0.019 (34th cheapest)
More on Somerset: Homes For Sale | Data

The median income in Somerset comes in at $42,112 and the median home value is $29,900 for 2019.

Overall SnackAbility

6
/10

Population: 4,090
Cost Of Living Index: 82 (14th cheapest)
Home Value To Income Ratio: 1.8 (5th cheapest)
Rent To Income Ratio: 0.015 (17th cheapest)
More on Oak Park: Homes For Sale | Data

The median income in Oak Park comes in at $48,692 and the median home value is $89,800 for 2019.

Overall SnackAbility

5
/10

Population: 3,402
Cost Of Living Index: 80 (5th cheapest)
Home Value To Income Ratio: 1.9 (7th cheapest)
Rent To Income Ratio: 0.017 (27th cheapest)
More on Capitol Park: Homes For Sale | Data

The median income in Capitol Park comes in at $39,764 and the median home value is $77,300 for 2019.

Overall SnackAbility

5
/10

Population: 2,852
Cost Of Living Index: 81 (9th cheapest)
Home Value To Income Ratio: 2.3 (22nd cheapest)
Rent To Income Ratio: 0.01 (8th cheapest)
More on Douglas Acres: Homes For Sale | Data

The median income in Douglas Acres comes in at $45,030 and the median home value is $103,475 for 2019.

Overall SnackAbility

3
/10

Population: 1,115
Cost Of Living Index: 77 (2nd cheapest)
Home Value To Income Ratio: 2.5 (31st cheapest)
Rent To Income Ratio: 0.012 (10th cheapest)
More on New Vision: Homes For Sale | Data

The median income in New Vision comes in at $30,403 and the median home value is $76,300 for 2019.

Overall SnackAbility

8.5
/10

Population: 4,605
Cost Of Living Index: 86 (29th cheapest)
Home Value To Income Ratio: 2.1 (12th cheapest)
Rent To Income Ratio: 0.008 (3rd cheapest)
More on Meredith: Homes For Sale | Data

The median income in Meredith comes in at $65,724 and the median home value is $139,617 for 2019.

Overall SnackAbility

5
/10

Population: 6,003
Cost Of Living Index: 82 (14th cheapest)
Home Value To Income Ratio: 2.2 (16th cheapest)
Rent To Income Ratio: 0.014 (15th cheapest)
More on Indianola Hills: Homes For Sale | Data

The median income in Indianola Hills comes in at $46,731 and the median home value is $102,767 for 2019.

Overall SnackAbility

6
/10

Population: 6,552
Cost Of Living Index: 84 (21st cheapest)
Home Value To Income Ratio: 1.8 (3rd cheapest)
Rent To Income Ratio: 0.018 (31st cheapest)
More on Union Park: Homes For Sale | Data

The median income in Union Park comes in at $50,676 and the median home value is $90,933 for 2019.

Summing Up The Cheapest Places In Des Moines

If you’re measuring the neighborhoods in Des Moines where prices are low and it’s cheap to live, this is an accurate list.

As we mentioned earlier, the neighborhoods in Des Moines aren’t all cheap. Downtown Des Moines takes the title of the most expensive neighborhood to live in Des Moines.

We ranked the neighborhoods from cheapest to most expensive in the chart below.

For more Iowa reading, check out:

Detailed List Of The Cheapest Neighborhoods To Live In Des Moines For 2019

Rank Neighborhood Cost Of Living Index
1 Chautauqua Park 81
2 Mckinley School 81
3 Somerset 76
4 Oak Park 82
5 Capitol Park 80
6 Douglas Acres 81
7 New Vision 77
8 Meredith 86
9 Indianola Hills 82
10 Union Park 84
11 Martin Luther King Jr Park 79
12 Fairground 81
13 Accent 84
14 Highland Park 84
15 Capitol East 80
16 Cheatom Park 82
17 Beaverdale 89
18 Fairmont Park 84
19 North Of Grand 84
20 Southwestern Hills 89
21 Bloomfield-Allen 89
22 Laurel Hill 88
23 Mondamin Presidentia 82
24 Ingersoll Park 92
25 Waveland Park 92
26 Valley High Manor 90
27 Waterbury 98
28 Lower Beaver 88
29 South Park 85
30 Merle Hay 87
31 Waveland Woods 90
32 Greater South Side 87
33 Capitol View South 80
34 Kirkwood Glen 81
35 Drake 86
36 Gray’s Woods 86
37 Magnolia Park 86
38 Salisbury Oaks 108
39 Westwood 106
40 Linden Heights 106
41 River Bend 82
42 King-Irving Park 82
43 Drake Park 83
44 Greenwood 104
45 Woodland Heights 86
46 Sherman Hill 91
47 Jordan Park 85
48 Arbor Peaks 90
49 Carpenter 85
50 Downtown Des Moines 99

About Chris Kolmar

Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.

He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.

If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.

You can find out more about him on LinkedIn or his website.

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