Iowa’s capital, Des Moines, is a rapidly developing metropolis.” It has a booming job market, a lively cultural scene, and a welcoming Midwestern feel. Still, Des Moines meets the needs of individuals looking for a reasonably priced place to call home.
Des Moines offers a neighborhood that’s ideal for everyone, whether you’re a young professional, a family with growing children, or a retiree living on a fixed budget.
In other words, embrace affordability and throw out your expensive rent! With its affordable housing and quaint neighborhoods, Des Moines is waiting to greet you.
Oak Park
There are 4,111 people living in Oak Park, which makes it a reasonably priced area to live with a Cost of Living Index of 81. Housing costs and local incomes appear to be somewhat in line, as indicated by the Home Value to Income Ratio of 2.1.
Furthermore, Oak Park’s rent-to-income ratio is a remarkable 0.018, suggesting that rental prices are quite low in relation to income levels. When considering options for affordable housing and a balanced cost of living, Oak Park is a desirable choice because of all these features.
Laurel Hill
There are 322 people living in Laurel Hill, a small town. It has a good Cost of Living Index of 87, meaning that living costs are comparatively low when compared to other places.
At 1.8, the home value to income ratio indicates that, in general, housing costs are reasonable and within the means of people’ incomes. In addition, the Rent to Income Ratio of 0.014 is unusually low, indicating that most inhabitants can afford to rent a property in Laurel Hill.
Read Also: Red Flags: Pennsylvania’s Top 5 Worst Residential Areas
Douglas Acres
There are 2,996 people living in Douglas Acres, a tiny neighborhood. With a cost of living index of 80, it is reasonably priced when compared to national standards.
With a house value to income ratio of 2.4, it may be inferred that housing expenses are reasonable in relation to people’ incomes. Renters benefit from a low rent to income ratio of 0.012, which makes renting a financially sensible choice for people who want to live comfortably.
Read Also: Oregon’s Unhappiest Places: The 5 Cities You’ll Want to Avoid
Fairmont Park
With a population of 4,619, Fairmont Park has a good Cost of Living Index of 83, making it more affordable than the national average. At 2.0, the home value to income ratio indicates that housing costs are reasonably reasonable and within the reach of locals.
Furthermore, the neighborhood’s low Rent to Income Ratio (0.015) indicates that most people can afford to rent in this location.
Read Also: Nevada’s Top 5 Weekend Getaways: Your 3-Day Adventure Awaits!
Garton West
Compared to national norms, Garton West’s cost of living index (80) is positive, meaning that costs are comparatively low for this small hamlet of 57 residents.
When compared to residents’ incomes, property values appear to be moderate, as indicated by the property Value to Income Ratio of 1.4. The rent to income ratio is also low (0.014), suggesting that rent is very little in relation to what inhabitants make.
To Conclude
Des Moines’ best neighborhoods provide a range of reasonably priced options for any lifestyle, from the peaceful refuge of Oak Park for families to the quaint simplicity of Garton West.
These neighborhoods demonstrate that comfort and affordability can coexist with an emphasis on frugal living and a warm, friendly community vibe.
So give up on the idea of living in an upscale metropolis and see what Des Moines has to offer. Affordably priced and ready to move into is your ideal house!
Leave a Reply