In May 2017, there were 71 homes sold, with a median sale price of $222,000 - a 1.2% decrease over the $224,620 median sale price for the same period of the previous year. There were 64 homes sold in Grimes in May 2016.
The median sales tax in Grimes for 2017 was $3,744. In 2016, the median sales tax was $3,346. This marks an increase of 11.9%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.7%.
The following table compares Grimes to other Polk County cities with similar median sales prices in May 2017:
| City | May 2017 Home Sales | May 2016 Home Sales | % change (Total Home Sales) | May 2017 Median Sales Price | May 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Elkhart | 3 | 6 | -50% | $255,000 | $90,875 | 180.6% |
| Clive | 22 | 20 | 10% | $226,250 | $290,000 | -22% |
| Saylorville | 11 | 4 | 175% | $225,000 | $215,625 | 4.3% |
| Grimes | 71 | 64 | 10.9% | $222,000 | $224,620 | -1.2% |
| Johnston | 58 | 61 | -4.9% | $220,220 | $238,000 | -7.5% |
| West Des Moines | 101 | 89 | 13.5% | $214,000 | $187,500 | 14.1% |
| Ankeny | 277 | 222 | 24.8% | $214,000 | $200,000 | 7% |
| Bondurant | 46 | 34 | 35.3% | $211,825 | $210,500 | 0.6% |
| Altoona | 56 | 56 | 0% | $205,500 | $200,000 | 2.8% |
| Urbandale | 62 | 68 | -8.8% | $194,000 | $196,750 | -1.4% |
| Polk City | 24 | 24 | 0% | $183,250 | $215,700 | -15% |
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