74 / 100

Polk County, IA

Des Moines

RANK #258 / 996 NAT  ·  #5 / 11 IA  ·  POP 493,378

1YR FORECAST: +0.5%

5YR OUTLOOK: +30%

#39 Most Undervalued
Our model projects above-average housing market growth for Polk County at +0.5% over the next year.

[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] Top Employers

  1. 1
    Principal Financial Group Finance
    10,000+
  2. 2
    State of Iowa Government
  3. 3
    UnityPoint Health Healthcare
    5,000+
  4. 4
    MercyOne Des Moines Medical Center Healthcare
  5. 5
    Wells Fargo Home Mortgage Finance
  6. 6
    Des Moines Public Schools Education
  7. 7
    Hy-Vee, Inc. Retail
    2,500+
  8. 8
    Nationwide Finance
  9. 9
    Polk County Government Government
  10. 10
    Athene Finance
    1,000+

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

[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
Bachelor's Degree+
38.9%
of residents (national avg: 33%)

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] Crime & Safety

B-
SAFETY
GRADE
Homicide Rate
4.1
per 100K · nat avg 6.3
Firearm Fatalities
9.8
per 100K · nat avg 14.8
Injury Deaths
76.9
per 100K · nat avg 76.3
vs National Average
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] Air Quality

B-
AIR QUALITY
GRADE
Median AQI (3yr)
46.0
Good
Good Air Days
61%
668 of 1,095 days
Unhealthy+ Days (3yr)
16
Sensitive groups affected
Primary Pollutant
PM2.5
Fine particulate matter
Yearly Trend
2021
45
2022
41
2023
52
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] 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.

[08] 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.

[09] Frequently Asked Questions

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

With a Boom Town Index score of 74/100, Polk County sits in the upper half of all 996 ranked counties. Employment is expanding at +1.3%, and median household income stands at $78,827 — indicators that suggest solid fundamentals even if it's not among the fastest-growing counties in IA.

Is Polk County affordable?

Housing in Polk County is roughly in line with national affordability norms. The median home costs $232,000 and the income-to-home-value ratio sits at 0.34, with rents averaging $1,060/month. Not a bargain, but not a stretch for most local earners either.

Is Polk County growing or shrinking?

Polk County is growing on multiple fronts. Population is up +0.9% year-over-year while employers added jobs at a +1.3% clip. Home values shifted +1.4% in the past year.

Are people moving to Polk County?

There's a moderate stream of newcomers. About 2.99% of residents moved from another state, which is above average and suggests Polk County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

[10] Similar Counties by Size & Score

Woodbury County, IA 73 Warren County, IA 72 Pottawattamie County, IA 66 Scott County, IA 85 Dubuque County, IA 88 Black Hawk County, IA 90 Montgomery County, OH 74 Allen County, IN 74