Ames, IA Real Estate Market

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 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Ames, IA Housing Market Trends

With a population of 66,258, 25,538 total housing units (homes and apartments), and a median house value of $239,563, 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 40.75% of the city's housing units. Other types of housing that are prevalent in Ames include single-family detached homes ( 39.67%), duplexes, homes converted to apartments or other small apartment buildings ( 8.95%), and a few row houses and other attached homes ( 7.79%). 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.

Renters dominate Ames's housing market, and most live in three of four bedroom dwellings.

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 ( 27.69%). A lesser amount of the housing stock also hails from between 1940-1969 ( 20.26%). There's also some housing in Ames built before 1939 ( 10.12%).

Ames Home Appreciation Rates

Real estate appreciation rates in Ames's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 2.94% during the period.

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 0.70%, 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 -0.12%, which equates to an annual appreciation rate of -0.46%.

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.

Average Home Values

 

Median Home Value:
$239,563

Ames, IA HOME PRICES

> $1,069,000
0.2%
0.2%
$802,001 - $1,069,000
0.3%
0.3%
$534,001 - $802,000
1.3%
1.3%
$428,001 - $534,000
4.6%
4.6%
$321,001 - $428,000
10.5%
10.5%
$214,001 - $321,000
35.9%
35.9%
$107,001 - $214,000
37.9%
37.9%
$54,001 - $107,000
3.0%
3.0%
$0 - $54,000
6.1%
6.1%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Very High for IA

Value Relative To Nation

Number Of Homes And Apartments:
25,538

Ames Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IA*
Compared To
America*
Latest Quarter:
2020 Q4 - 2021 Q1
Last 12 Months:
2020 Q1 - 2021 Q1
Last 2 Years:
2019 Q1 - 2021 Q1
Last 5 Years:
2016 Q1 - 2021 Q1
Last 10 Years:
2011 Q1 - 2021 Q1
Since 2000:
2000 Q1 - 2021 Q1
57.04% 2.15%
3
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,078 / per month

Homeownership Rate

Owners
34.3%
34.3%
Renters
65.7%
65.7%
Vacant
5.5%
5.5%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
27.7%
27.7%
1970 - 1999
41.9%
41.9%
1940 - 1969
20.3%
20.3%
1939 or Older
10.1%
10.1%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
39.7%
39.7%
Townhomes
7.8%
7.8%
Small Apt. Buildings
8.9%
8.9%
Apt. Complexes
40.8%
40.8%
Mobile Homes
2.8%
2.8%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
3.2%
3.2%
1 Bedroom
14.9%
14.9%
2 Bedrooms
29.8%
29.8%
3 Bedrooms
31.7%
31.7%
4 Bedrooms
17.9%
17.9%
5 or more bedrooms
2.4%
2.4%
0.0% 100.0%
% OF HOMES