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, 25,123 total housing units (homes and apartments), and a median house value of $224,794, 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 41.89% of the city's housing units. Other types of housing that are prevalent in Ames include single-family detached homes ( 38.32%), duplexes, homes converted to apartments or other small apartment buildings ( 9.65%), and a few row houses and other attached homes ( 7.33%). This particular housing mix is relatively uncommon and characteristic of cities that are compact and walkable, and which often have a lively downtown.
Ames is dominated by renter-occupied one, two, or no bedrooms apartments. 66.46% 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 2000 and later ( 23.66%). A lesser amount of the housing stock also hails from between 1940-1969 ( 21.58%). There's also some housing in Ames built before 1939 ( 9.56%).
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 27.82%, which ranks in the top 30% nationwide. This equates to an annual average Ames house appreciation rate of 2.49%.
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 2.89%, 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 -0.64%, which equates to an annual appreciation rate of -2.55%.
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 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.
|$868,001 - $1,157,000||0.2|
|$579,001 - $868,000||1.3|
|$463,001 - $579,000||3.0|
|$347,001 - $463,000||8.0|
|$231,001 - $347,000||30.1|
|$116,001 - $231,000||45.8|
|$58,001 - $116,000||3.0|
|$0 - $58,000||8.2|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2018 Q3 - 2018 Q4
Last 12 Months:
2017 Q4 - 2018 Q4
Last 2 Years:
2016 Q4 - 2018 Q4
Last 5 Years:
2013 Q4 - 2018 Q4
Last 10 Years:
2008 Q4 - 2018 Q4
2000 Q1 - 2018 Q4
|* 10 is highest|
|AGE OF Ames HOMES|
|2000 or Newer||23.7|
|1970 - 1999||45.2|
|1940 - 1969||21.6|
|1939 or Older||9.6|
|TYPE OF Ames HOMES|
|Small Apt. Buildings||9.7|
|SIZE OF Ames HOMES|
|5 or more bedrooms||3.59|