WhereCanIAfford › Des Moines, IA › On $275,000

Is Des Moines, IA affordable on a $275,000 salary?

YES On $275,000/yr, the typical $294,192 home in Des Moines, IA needs $90,349/yr ($2,108/mo). Your gap: +$184,651 — housing would be 9.2% of your gross income.

The math

294,192 price − 10% down (29,419) = 264,773 loan
30-yr fixed at 6.95% on 264,773 = 1,753/mo principal+interest
+ 355/mo est. taxes+insurance (1.45%/yr of value — national placeholder)
2,108/mo PITI ÷ 0.28 = 7,529/mo → 90,349/yr required

against Zillow ZHVI 2026-08 and the 6.95% FRED 30-yr rate (2026-09-17).

What salary WOULD clear Des Moines, IA?

You need about $90,349/yr for the typical home. On $275,000 you already clear it by $184,651.

On $250,000? On $300,000? On $325,000?

See the full Des Moines, IA affordability breakdown → or every metro you can afford on $275,000 →