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Dallas County, IA

Walnut

RANK #937 / 996 NAT  ·  #11 / 11 IA  ·  POP 100,367

1YR FORECAST: -0.9%

5YR OUTLOOK: +9%

#14 Fastest Growing
Our model projects Dallas County's housing market at -0.9% over the next year, underperforming most U.S. counties.

[01] Why Dallas County?

Dallas County, Iowa, stands out as one of the fastest-growing counties in the Midwest, known for its blend of agricultural roots and expanding urban amenities. Located west of Des Moines, the county seat is Adel, while Waukee is its largest city. Commuters to Des Moines typically face an average travel time of around 21 minutes. The Raccoon River Valley Trail, a popular destination for biking and hiking, runs through the county, offering extensive outdoor recreation opportunities alongside numerous parks and wildlife areas.

Life in Dallas County often appeals to families and young professionals, drawn by highly-rated public schools and a variety of housing options. The economy is experiencing growth, with increasing employment across various sectors. Recent developments indicate significant investment in technology infrastructure, including data centers, alongside continued expansion in manufacturing and the agricultural industry. This economic activity contributes to a changing landscape, balancing residential growth with ongoing business development.

[02] Market Snapshot

Housing Ratio
3.7x

Undervalued relative to economy

GDP Growth
+3.8%

Above national median

Home Prices
-0.2%

Prices declining

Climate & Terrain
-2.6

Below-average climate & terrain

Price/Rent
18x

Above national median (13x)

Housing looks undervalued at 3.7x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    Wells Fargo Finance
    10,000+
  2. 2
    Tyson Fresh Meats (Perry Plant) Manufacturing
    1,000+
  3. 3
    Holmes Murphy & Associates Finance
    250+
  4. 4
    Sammons Financial Group Finance
    100+
  5. 5
    Apple (Waukee data center) Technology
    50

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Dallas County U.S. National

The Numbers

DEMOGRAPHICS
Population
100,367
+3.9% YoY
Median Household Income
$99,533
Median Home Value
$314,900
-0.17% 12mo
Median Rent
$1,198
Average Annual Pay
$76,316
+2.9% YoY
Employment
55,258
+4.7% YoY
Income-to-Home-Value
0.3161
More affordable than average
Migration Inflow
7.84%
of pop. from another state
Bachelor's Degree+
51.5%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$366,250
Days on Market
85
Slower market
Months of Supply
6.3
Buyer's market
Sale-to-List Ratio
99.2%
Near asking price
Sold Above List
21.1%
Listings w/ Price Drops
22.4%
Building Permits (2024)
1,513
Single-Family Permits
883

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Crime & Safety

A
SAFETY
GRADE
Homicide Rate
1.5
per 100K · nat avg 6.3
Firearm Fatalities
7.3
per 100K · nat avg 14.8
Injury Deaths
40.2
per 100K · nat avg 76.3
vs National Average
Well below national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Capital Investment

$7,426M
TOTAL
PROJECT AMOUNT STATUS
Microsoft Data Center Campus (Van Meter)
Microsoft
$6,000M Planned
Apple Data Center Campus
Apple
$1,300M Operating
JBS Sausage Plant
JBS
$50M Under Construction
ADR Axles Facility
ADR Axles
$50M Planned
Dallas County Administration Building
Dallas County
$26M Under Construction

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[07] Score Breakdown

GDP Growth +3.8% 69 percentile
Population Growth +3.9% 98 percentile
Income Growth +6.5% 12 percentile
Vacancy Rate 1.2% 36 percentile
Home Price Change -0.2% 29 percentile
Rent Growth -0.6% 8 percentile
Price/Rent 18x 17 percentile

Bars show percentile rank among all 996 counties.

[08] Frequently Asked Questions

Is Dallas County, IA a good place to move to?

The data is not encouraging — Dallas County scores just 5/100 on the Boom Town Index, ranking #937 of 996 counties. Job growth at +4.7% and median household income of $99,533 reflect an economy that has been contracting or stagnating relative to the rest of the country.

Is Dallas County affordable?

Housing in Dallas County is roughly in line with national affordability norms. The median home costs $314,900 and the income-to-home-value ratio sits at 0.32, with rents averaging $1,198/month. Not a bargain, but not a stretch for most local earners either.

Is Dallas County growing or shrinking?

Dallas County is growing on multiple fronts. Population is up +3.9% year-over-year while employers added jobs at a +4.7% clip. Home values shifted -0.2% in the past year.

Are people moving to Dallas County?

In significant numbers — 7.84% of Dallas County's current population relocated from another state, well above the national norm. That level of in-migration usually signals a county where jobs, affordability, or quality of life are pulling people in from elsewhere.

[09] Similar Counties by Size & Score

Story County, IA 44 Johnson County, IA 50 Pottawattamie County, IA 66 Warren County, IA 72 Woodbury County, IA 73 Polk County, IA 74 Gallatin County, MT 5 Haywood County, NC 5