A developer is proposing to build 15 new "smart homes" in Des Moines.
Why it matters: The row house project at the corner of Fleur and Willowmere drives would incorporate some of the latest technology for automated tasks into the housing design, such as apps or voice-controlled features.
It's cheaper to rent a three-bedroom property in the majority of the Des Moines metro than it is to buy a median-priced home, according to a new report by real estate database company ATTOM.
Why it matters: While home prices in Des Moines are more stable than many parts of the U.S., the metro's median price is continuing to rise.
More than 130 homes on the east side of Des Moines returned to residential zoning Monday under a decision approved by the City Council.
- It reverses a 2019 decision that had added them into an industrial area.
Why it matters: Homes in industrial zones often can't obtain city permits to be properly fixed or modernized after a disaster, neighborhood officials told Axios back in March.
- Getting loan approval was also more difficult because of the zoning, they said.
Construction of a $20 million residential and commercial building in Des Moines' East Village could begin this spring.
Driving the news: The plans go before the City Council Monday.
Why it matters: Preliminary financial terms between developer Heart of America and the city call for more than $4.8 million in incentives for the seven-story project at 317 E. 6th St.
- Yes, but: The project will generate almost $12 million more in taxes over the next 30 years as compared to the site's current development, city officials estimate.
Why it matters: It's a big piece to the emerging Dogtown business district.
- It would help create a walkable, vibrant hub to an area frequented by roughly 5,000 students and hundreds of thousands of annual visitors.
The most popular Des Moines metro ZIP codes for home buyers — and scrolling dreamers — are in a mixture of the city's more affordable neighborhoods and suburbs in Polk County, according to a Zillow analysis.
Why it matters: It signals what potential homebuyers want — homes in their price range and near good schools.
Des Moines' real estate market is starting to settle down as we head into colder temperatures. But we're still seeing rising prices and faster than average sales.
- If you're looking for a unique home to settle down in, check out this home for sale at 2922 Terrace Dr., sent to us by Axios Des Moines reader Dwight DuBois.
A Midwest Quality Wholesale store is being planned at a site near Gray's Lake, Fareway spokesperson Emily Toribio told Axios Monday.
- MQW is a subsidiary of Fareway, which has offered to buy five vacant city-owned lots near the 2500 block of Sunset Road for the project.
Why it matters: It's another sign that development in that near-downtown area is heating up.
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