Market Overview
Home Prices in Grimes, IA
The median home value in Grimes, IA is $351,743 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 0.4% compared to a year ago and up 1.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Grimes are priced14% below average. Grimes is part of the Des Moines-West Des Moines, IA metro area.
Over the past five years, Grimes home values have risen by approximately19.3%, reflecting steady appreciation in this market.
Price History
Grimes Home Price Trend
City Comparison
Grimes vs. National Median
At $351,743, homes in Grimes cost 14% below the national median of $410,000. This makes Grimes a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Grimes?
20% Down Payment
$70,349
on $351,743
Monthly P&I
$1,834/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,329/mo
incl. taxes & insurance
Income Needed
$93,160
gross annual (30% rule)
10% Down Option
$35,174
+ PMI applies
Loan Amount (20% dn)
$281,394
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Grimes, IA?
The median home value in Grimes is $351,743 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 0.4% year-over-year.
How much have home prices changed in Grimes?
Over the past year, home values in Grimes have decreased by 0.4%. Over five years, prices have risen approximately 19.3%.
How much do I need to earn to buy a home in Grimes?
To comfortably afford the median home price of $351,743 with a 20% down payment ($70,349) at today's rates (6.8%), you'd need a gross annual income of approximately $93,160. This assumes keeping total housing costs at or below 30% of gross income.
How does Grimes compare to the national average home price?
The national median home value is approximately $410,000. At $351,743, homes in Grimes are 14% below the national average.
What metro area is Grimes part of?
Grimes is part of the Des Moines-West Des Moines, IA metropolitan area. Home prices and market conditions can vary across the broader metro region.