Ames, IA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Ames, IA Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2018. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2016 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Ames Housing Market Information

With 66,191 people, 24,643 houses or apartments, and a median cost of homes of $217,528, 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%).

Ames Home Appreciation Rates

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 23.91% over the last ten years, which is an average annual home appreciation rate of 2.17%, 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.

Appreciation rates are so strong in Ames that despite a nationwide downturn in the housing market, Ames real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Ames appreciation rates continue to be some of the highest in America, at 9.04%, which is higher than appreciation rates in 84.84% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Ames. Ames appreciation rates in the latest quarter were at 1.78%, which equates to an annual appreciation rate of 7.33%.

Relative to Iowa, our data show that Ames's latest annual appreciation rate is higher than 90% 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.

Average Home Values

 

Median Home Value:
$217,528

Ames, IA HOME PRICES

Value Range
> $1,180,796 0.4
$885,725 - $1,180,796 0.4
$590,654 - $885,724 1.2
$472,619 - $590,653 3.1
$354,345 - $472,618 7.1
$236,310 - $354,344 26.3
$118,037 - $236,309 49.6
$59,001 - $118,036 3.6
$0 - $59,000 8.3

Very High for IA
High for Nation

Value Relative to Nation Value Relative to State
30.8262773722628 10.1234567901235

Number Of Homes And Apartments:
24,643

Ames Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IA*
Compared To
America*
Latest Quarter:
2017 Q4 - 2018 Q1
Last 12 Months:
2017 Q1 - 2018 Q1
Last 2 Years:
2016 Q1 - 2018 Q1
Last 5 Years:
2013 Q1 - 2018 Q1
Last 10 Years:
2008 Q1 - 2018 Q1
Since 2000:
2000 Q1 - 2018 Q1
52.05% 2.32%
5
5
* 10 is highest


Rent & Ownership

 

Average Market Rent:
$989 / per month

Homeownership Rate

Homeownership
Owners 34.64
Renters 65.36
Vacant 3.75

Housing Market Details

 

Age of Homes

AGE OF Ames HOMES
2000 or Newer 22.6
1970 - 1999 44.7
1940 - 1969 22.8
1939 or Older 10.0

Types of Homes

TYPE OF Ames HOMES
Single-Family 38.9
Townhomes 7.6
Small Apt. Buildings 8.9
Apt. Complexes 41.9
Mobile Homes 2.7
Other 0.0

Home Size

SIZE OF Ames HOMES
No Bedroom 2.50
1 Bedroom 13.06
2 Bedrooms 33.98
3 Bedrooms 29.94
4 Bedrooms 16.94
5 or more bedrooms 3.58