Grimes, IA housing market
Typical home value
$349K
▼ 0.9% 1 yr
Typical rent
$1,396/mo
▲ 2.9% 1 yr
Gross rent yield
4.8%
U.S. 6.3%
5-year home value change
+16%
U.S. +20%
Key takeaways
- 1The typical home in Grimes is worth $349,222, down 0.9% over the past year and up 16% over five years.
- 2Typical rent is $1,396 a month (+2.9% YoY), a gross rent yield of 4.8% (below the Des Moines, IA metro's 5.3%).
- 3With 20% down at 7.32%, principal and interest on the typical home is about $1,919/mo, $523 more than typical rent.
- 4Zillow forecasts the Des Moines, IA metro's home values to change +1.6% over the next 12 months.
Market temperature (Des Moines, IA metro)
Buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 28/100, #466 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Grimes compares
| Measure | Grimes | Des Moines, IA metro | United States |
|---|---|---|---|
| Typical home value | $349,222 | $292,513 | $366,157 |
| Home value, 1-yr change | −0.9% | +0.5% | +1.2% |
| Typical rent | $1,396 | $1,280 | $1,932 |
| Rent, 1-yr change | +2.9% | +2.2% | +2.7% |
| Gross rent yield | 4.8% | 5.3% | 6.3% |
| Price-to-rent ratio | 20.8 | 19.0 | 15.8 |
| Mortgage P&I, typical home | $1,919 | $1,607 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical Grimes rental, pre-filled.
Rent vs buy in Grimes
Which costs less over the years you'll stay.
Mortgage calculator
Monthly payment on a $349K home.
Other cities in the Des Moines, IA metro
Des Moines, IA
$208K home$1,129 rent
▼ 0.3% 1 yr
West Des Moines, IA
$321K home$1,353 rent
▲ 0.4% 1 yr
Ankeny, IA
$339K home$1,464 rent
▲ 0.6% 1 yr
Urbandale, IA
$350K home$1,038 rent
▲ 0.2% 1 yr
Waukee, IA
$345K home$1,640 rent
▼ 1.5% 1 yr
City figures are Zillow's typical home value (ZHVI) and observed rent (ZORI). Gross yield is before expenses. Data refreshed Oct 26, 2026.