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 Q2 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

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

Ames Housing Market Information

With a population of 67,154, 25,243 total housing units (homes and apartments), and a median house value of $238,743, 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 41.86% of the city's housing units. Other types of housing that are prevalent in Ames include single-family detached homes ( 38.61%), duplexes, homes converted to apartments or other small apartment buildings ( 9.31%), and a few row houses and other attached homes ( 7.48%). This particular housing mix is relatively uncommon and characteristic of cities that are compact and walkable, and which often have a lively downtown.

People in Ames primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Ames has a mixture of owner-occupied and renter-occupied housing.

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 2000 and later ( 25.45%). A lesser amount of the housing stock also hails from between 1940-1969 ( 21.32%). There's also some housing in Ames built before 1939 ( 9.24%).

Ames Home Appreciation Rates

Appreciation rates for homes in Ames have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 32.76%, which ranks in the top 50% nationwide. This equates to an annual average Ames house appreciation rate of 2.87%.

Over the last year, Ames appreciation rates have trailed the rest of the nation. In the last twelve months, Ames's appreciation rate has been 1.63%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Ames were at 0.21%, which equates to an annual appreciation rate of 0.84%.

Notably, Ames's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Iowa, our data show that Ames's latest annual appreciation rate is lower 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.

Average Home Values

 

Median Home Value:
$238,743

Ames, IA HOME PRICES

Value Range
> $1,123,000 0.2
$843,001 - $1,123,000 0.3
$562,001 - $843,000 1.1
$449,001 - $562,000 3.1
$337,001 - $449,000 9.7
$224,001 - $337,000 34.8
$112,001 - $224,000 41.0
$56,001 - $112,000 3.0
$0 - $56,000 6.7

Very High for IA
High for Nation

Value Relative to Nation Value Relative to State
31.3576642335766 9.38271604938272

Number Of Homes And Apartments:
25,243

Ames Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IA*
Compared To
America*
Latest Quarter:
2020 Q1 - 2020 Q2
Last 12 Months:
2019 Q2 - 2020 Q2
Last 2 Years:
2018 Q2 - 2020 Q2
Last 5 Years:
2015 Q2 - 2020 Q2
Last 10 Years:
2010 Q2 - 2020 Q2
Since 2000:
2000 Q1 - 2020 Q2
58.98% 2.29%
4
4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,003 / per month

Homeownership Rate

Homeownership
Owners 40.81
Renters 59.19
Vacant 5.65

Housing Market Details

 

Age of Homes

AGE OF Ames HOMES
2000 or Newer 25.5
1970 - 1999 44.0
1940 - 1969 21.3
1939 or Older 9.2

Types of Homes

TYPE OF Ames HOMES
Single-Family 38.6
Townhomes 7.5
Small Apt. Buildings 9.3
Apt. Complexes 41.9
Mobile Homes 2.7
Other 0.0

Home Size

SIZE OF Ames HOMES
No Bedroom 2.97
1 Bedroom 14.91
2 Bedrooms 31.73
3 Bedrooms 30.93
4 Bedrooms 16.52
5 or more bedrooms 2.94