Full Cost Breakdown — 50301 (Des Moines, IA)
What Salary Do You Need to Buy in 50301?
Using the standard 28% gross income housing rule, you need approximately $79,987/year to comfortably afford the median home in Des Moines, IA with 20% down at today's 7.1% rate.
The average household income in Polk County is approximately $62,000/year — which means buying the median home here is difficult for the average family.
Property Tax in 50301 (Polk County)
Polk County has a property tax rate of approximately 1.5% — above the national average of 1.1%. On a $265,000 home, this equals $331/month or $3,975/year in property taxes.
Property taxes can often be appealed if your assessment seems high. Ownwell specializes in property tax appeals — they only charge if they save you money.
Will a Bank Approve You in Des Moines?
Approval depends on your specific profile — credit score, income, existing debts, and down payment. The Bank Rejection Engine shows exactly how 5 different lender types would score your application for a home in 50301.