Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 66,498, 24,643 total housing units (homes and apartments), and a median house value of $222,939, Ames real estate is some of the most expensive in Iowa, although Ames home values aren't among America's most expensive.
Large apartment complexes or high rise apartments are the single most common housing type in Ames, accounting for 41.92% of the city's housing units. Other types of housing that are prevalent in Ames include single-family detached homes ( 38.88%), duplexes, homes converted to apartments or other small apartment buildings ( 8.93%), and a few row houses and other attached homes ( 7.58%). Cities that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of cities are often walkable and compact, and often have a lively downtown.
Ames is dominated by renter-occupied one, two, or no bedrooms apartments. 65.36% of Ames's dwellings are rentals.
There is a lot of housing in Ames built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Ames built between 1940-1969 ( 22.78%). A lesser amount of the housing stock also hails from between 2000 and later ( 22.60%). There's also some housing in Ames built before 1939 ( 9.96%).
In the last 10 years, Ames has experienced some of the highest home appreciation rates of any community in the nation. Ames real estate appreciated 29.73% over the last ten years, which is an average annual home appreciation rate of 2.64%, putting Ames in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Ames definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
NeighborhoodScout's data show that during the latest twelve months, Ames's appreciation rate, at 5.58%, has been at or slightly above the national average. In the latest quarter, Ames's appreciation rate has been 5.35%, which annualizes to a rate of 23.19%.
Importantly, NeighborhoodScout’s exclusive research found that Ames's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.
Relative to Iowa, our data show that Ames's latest annual appreciation rate is higher than 80% of the other cities and towns in Iowa.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Ames differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Ames - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Ames real estate investment or home purchase decisions.
|$908,001 - $1,210,000||0.4|
|$605,001 - $908,000||1.2|
|$484,001 - $605,000||3.1|
|$363,001 - $484,000||7.1|
|$242,001 - $363,000||26.3|
|$121,001 - $242,000||49.6|
|$61,001 - $121,000||3.6|
|$0 - $61,000||8.3|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2018 Q2 - 2018 Q3
Last 12 Months:
2017 Q3 - 2018 Q3
Last 2 Years:
2016 Q3 - 2018 Q3
Last 5 Years:
2013 Q3 - 2018 Q3
Last 10 Years:
2008 Q3 - 2018 Q3
2000 Q1 - 2018 Q3
|* 10 is highest|
|AGE OF Ames HOMES|
|2000 or Newer||22.6|
|1970 - 1999||44.7|
|1940 - 1969||22.8|
|1939 or Older||10.0|
|TYPE OF Ames HOMES|
|Small Apt. Buildings||8.9|
|SIZE OF Ames HOMES|
|5 or more bedrooms||3.58|