3-digit ZIP regional index
Home appreciation in ZIP codes 502xxWest Des Moines, IA area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 502 changed +1.8% over the year to Q2 2026, compared with +3.2% for Iowa and +3.0% for the United States.
The region covers ZIP codes 50201–50278. Most of its 2010 population lived in Polk County (25%), Dallas County (18%), Jasper County (12%). Communities in the region include Newton, Waukee, Pella, Norwalk, Perry. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- +1.8%
- 5-year change
- +38.0%
- Since Q1 1995
- +209%
- National rank (1 year)
- 680th
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 502 vs Iowa and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 502: 308.7
- Iowa: 312.1
- Des Moines-West Des Moines, IA metro: 303.7
- United States: 391.6
Want a different starting year? Rebase this chart or compare with another ZIP3.
Appreciation by time window
| Window | ZIP3 502 | IA | U.S. | Gap vs IA | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +1.8% | +3.2% | +3.0% | −1.4 pts | −1.2 pts |
| 3 years | +10.5% | +13.1% | +12.9% | −2.7 pts | −2.4 pts |
| 5 years | +38.0% | +37.4% | +41.3% | +0.6 pts | −3.3 pts |
| 10 years | +70.7% | +70.6% | +93.3% | +0.1 pts | −22.6 pts |
| Since Q1 1995 | +209% | +212% | +292% | −3.3 pts | −82.8 pts |
If you bought in ZIP3 502 in…
Applying the regional index change from the same quarter of each year to Q2 2026 to an example $300,000 purchase price. Individual homes can differ widely from the regional average.
| Bought in | Index change | $300,000 then, at the regional rate |
|---|---|---|
| Q2 1995 | +202% | $905,278 |
| Q2 2000 | +146% | $736,650 |
| Q2 2005 | +96.0% | $587,871 |
| Q2 2010 | +94.1% | $582,326 |
| Q2 2015 | +78.6% | $535,773 |
| Q2 2020 | +48.3% | $444,856 |
| Q2 2021 | +38.0% | $414,106 |
| Q2 2023 | +10.5% | $331,374 |
| Q2 2025 | +1.8% | $305,451 |
How ZIP3 502 ranks
Over the past year ZIP3 502 ranks 680th of 882 3-digit ZIP regions nationally and 22nd of 25 in Iowa. Its one-year change is −1.2 pts versus the nation and −1.4 pts versus Iowa. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in Iowa |
|---|---|---|
| 1 year | 680th of 882 | 22nd of 25 |
| 3 years | 691st of 882 | 23rd of 25 |
| 5 years | 658th of 882 | 16th of 25 |
| 10 years | 729th of 882 | 15th of 25 |
| Since Q1 1995 | 743rd of 879 | 18th of 25 |
Boom, bust, and recovery in ZIP3 502
ZIP3 502's index peaked in Q1 2008, fell 6.3% to its low in Q2 2011, and regained its peak in Q2 2014, about 6.2 years after the top. Today it sits +85.6% versus that 2000s peak. How every state and ZIP region fared
| Area | 2000s peak | Low point | Peak to low | Back to peak | Today vs peak |
|---|---|---|---|---|---|
| ZIP3 502 | Q1 2008 | Q2 2011 | -6.3% | Q2 2014 (6.2 yrs) | +85.6% |
| IA | Q1 2009 | Q2 2011 | -2.5% | Q4 2012 (3.8 yrs) | +86.4% |
| Metro | Q1 2008 | Q2 2011 | -6.9% | Q2 2015 (7.2 yrs) | +80.6% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, ZIP3 502's index has changed +39.4% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 502 after inflation | IA after inflation | Metro after inflation | U.S. after inflation |
|---|---|---|---|---|---|
| 1 year | +3.9% | -2.0% | -0.6% | -1.5% | -0.8% |
| 3 years | +9.8% | +0.6% | +3.0% | +0.8% | +2.8% |
| 5 years | +24.0% | +11.3% | +10.8% | +9.0% | +13.9% |
| 10 years | +39.1% | +22.8% | +22.7% | +22.0% | +39.0% |
| Since Q1 1995 | +121% | +39.4% | +40.9% | +37.2% | +76.8% |
Estimate appreciation for a home in ZIP3 502
Regional estimate
$512,217
- Estimated gain
- $212,217
- Index change
- +70.74%
- Start index
- 180.82
- End index
- 308.73
ZIP3 502 (West Des Moines, IA area), Q2 2016 to Q2 2026. Index type: Native 3-Digit ZIP index.
Nearby 3-digit ZIP regions
| 3-digit ZIP region | State | 1 year | 5 years | Since Q1 1995 |
|---|---|---|---|---|
| 503 · Des Moines, IA area | IA | +1.8% | +34.3% | +215% |
| 500 · Ames, IA area | IA | +2.4% | +34.1% | +197% |
| 501 · Marshalltown, IA area | IA | +5.3% | +38.9% | +208% |
| 508 · Creston, IA area | IA | +3.1% | +39.6% | +239% |
| 525 · Ottumwa, IA area | IA | +3.1% | +39.6% | +239% |
| 514 · Carroll, IA area | IA | +3.1% | +39.6% | +239% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 308.73 |
| Q1 2026 | 306.43 |
| Q4 2025 | 305.52 |
| Q3 2025 | 305.39 |
| Q2 2025 | 303.22 |
| Q1 2025 | 296.73 |
| Q4 2024 | 293.04 |
| Q3 2024 | 294.83 |
| Q2 2024 | 292.80 |
| Q1 2024 | 286.28 |
| Q4 2023 | 281.26 |
| Q3 2023 | 278.56 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 502?
- Based on FHFA HPI® data for 3-digit ZIP region 502, the regional index changed +1.8% over the year to Q2 2026, +38.0% over five years, +70.7% over ten years, and +209% since Q1 1995.
- Is ZIP3 502 appreciating faster than Iowa and the U.S.?
- Over the past year the region's index +1.8% compares with +3.2% for Iowa and +3.0% for the U.S., a gap of −1.2 pts versus the nation. Over five years the gap versus the nation is −3.3 pts.
- Which ZIP codes are in 3-digit ZIP region 502?
- All ZIP codes that begin with 502. Census 2010 ZIP Code Tabulation Areas in this region run from 50201 to 50278 (62 areas). FHFA publishes one index for the whole 3-digit region, not for each 5-digit ZIP code.
- Can I use this to value my home?
- No. The FHFA HPI® is a broad regional index of average price movement. It is not an appraisal, tax assessment, or automated valuation of any individual property. Use it as general context alongside local sales and a professional opinion.