Why Live in Drake
Drake, one of Des Moines' oldest neighborhoods, is known for its close-knit community and the presence of Drake University, which serves as a cultural and educational hub. The neighborhood features a mix of historic architecture, including Foursquares, Craftsman homes, and bungalows, alongside apartment buildings and rental units catering to the high student population. Drake Stadium hosts local high school games and the nationally recognized Drake Relays, while Helmick Commons provides a green space for gatherings. The Drake business district is home to unique local businesses, such as the retro-themed Drake Diner, University Library Café, and Lefty’s Live Music, offering a variety of dining and entertainment options. Black Cat Ice Cream is a notable spot for artisanal desserts and community events. The neighborhood is walkable, with shaded sidewalks and parks like Drake Park and Witmer Park providing recreational spaces. Residents can easily access Downtown Des Moines, just 3 miles away, by bike or public transit. The Des Moines Independent Community School District serves the area, with Roosevelt High School being a standout. Drake's proximity to Des Moines International Airport, about 5 miles south, adds to its convenience.
Home Trends in Drake, IA
On average, homes in Drake, Des Moines sell after 58 days on the market compared to the national average of 70 days. The median sale price for homes in Drake, Des Moines over the last 12 months is $395,000, down 6% from the median home sale price over the previous 12 months.
Median Sale Price
$395,000
Median Single Family Sale Price
$494,000
Median Townhouse Sale Price
$334,000
Median 2 Bedroom Sale Price
$320,000
Average Price Per Sq Ft
$277
Number of Homes for Sale
9
Last 12 months Home Sales
73
Median List Price
$400,000
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
-6%