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Polk County, IA

RANK #554 / 996  ·  POP 493,378  ·  IA

PROJECTED GROWTH: +0.5%

Polk County shows below-average economic momentum. Growth signals are flat or softening.

[01] Why Polk County?

Polk County, Iowa, stands out for its extensive park system, with Polk County Conservation managing over 15,000 acres of prairies, wetlands, woodlands, and trails. This central Iowa county is home to Des Moines, the state capital and its largest city. Commuting within the county is facilitated by the Des Moines Area Regional Transit Authority (DART) bus system, which serves Des Moines and surrounding communities like Ankeny and West Des Moines. The community offers a blend of urban amenities and natural landscapes, with diverse recreational opportunities at places like Jester Park, which features camping, golf, and an equestrian center.

Life in Polk County offers a mix of urban and suburban living, appealing to families and young professionals. The public schools in Polk County are highly rated, with districts like Ankeny and Johnston recognized for their quality. The economy is driven by sectors such as finance, healthcare, and agricultural products. Recent economic developments include significant investment in data centers and renewable energy projects, contributing to job growth and a broadening economic base. The county also focuses on initiatives to improve residents' health and overall quality of life.

[02] Market Snapshot

Housing Ratio
2.3x

Undervalued relative to economy

GDP Growth
+3.2%

Above national median

Home Prices
+1.4%

Below national median

Climate & Terrain
-2.1

Below-average climate & terrain

Price/Rent
16x

Above national median (13x)

Housing looks undervalued at 2.3x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Polk County U.S. National

The Numbers

DEMOGRAPHICS
Population
493,378
+0.92% YoY
Median Household Income
$78,827
Median Home Value
$232,000
+1.35% 12mo
Median Rent
$1,060
Average Annual Pay
$72,557
+3.6% YoY
Employment
317,845
+1.3% YoY
Income-to-Home-Value
0.3398
More affordable than average
Migration Inflow
2.99%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$275,999
Days on Market
75
Slower market
Months of Supply
4.0
Balanced market
Sale-to-List Ratio
97.7%
Negotiation room for buyers
Sold Above List
13.6%
Listings w/ Price Drops
26.9%
Building Permits (2024)
2,949
Single-Family Permits
2,295

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

[05] Capital Investment

$3,710M
TOTAL
PROJECT AMOUNT STATUS
Meta Data Center Campus Expansion
Meta
$1,000M Under Construction
Microsoft Data Center Campus Expansion
Microsoft
$1,000M Under Construction
Greater Des Moines Energy Center (Natural Gas Plant)
MidAmerican Energy Co.
$540M Under Construction
Confidential Data Center Campus (Buildings 1 & 2 of 8)
Confidential Client (Telecommunications/Utility, Data Center)
$500M Operating
Tract Capital Data Center Development Land Acquisition
Tract Capital (IALCO Polk County LLC)
$500M Planned
Army Post 161kV Substation Battery Storage
Unknown
$170M Planned

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

[06] Score Breakdown

GDP Growth +3.2% 60 percentile
Population Growth +0.9% 69 percentile
Income Growth +8.0% 36 percentile
Vacancy Rate 1.2% 41 percentile
Home Price Change +1.4% 50 percentile
Rent Growth +2.9% 47 percentile
Price/Rent 16x 25 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

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

Polk County has a Boom Town Index score of 44/100, ranking #554 among 996 U.S. counties. With job growth at +1.3% and a median household income of $78,827, it faces some economic headwinds compared to faster-growing counties.

Is Polk County affordable?

The median home value in Polk County is $232,000 with median rent at $1,060/month. The income-to-home-value ratio is 0.3398, which is more affordable than the national average.

Is Polk County growing or shrinking?

Population growth: +0.9% year-over-year. Job growth: +1.3%. Home values changed +1.4% in the past 12 months.

Are people moving to Polk County?

Yes — 2.99% of Polk County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

Faulkner County, AR 54 Washington County, PA 54 Westmoreland County, PA 54 Pickens County, SC 54 Franklin County, VT 54 Henrico County, VA 54 James City County, VA 54 Kanawha County, WV 54