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Affordable
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These days, finding an affordable place to live in the Ames area can be challenging. Home prices in Ames are now at a median cost of $303,723, higher than the Iowa average of $226,062.
The average cost of rent is $1,022/mo in Ames, primarily driven by the current value of real estate in the Ames area. In Ames, 55.49% of households rent, and 45.19% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Ames is $5,811 per month. Households that rent pay about 17.58% of their income on rent here. Ames’s most expensive areas are in the southwestern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Napier, IA: less expensive homes
- Gilbert, IA: equally priced homes
- Kelley, IA: equally priced homes
- Jordan, IA: higher priced homes
- Shipley, IA: less expensive homes
- Ericson, IA: higher priced homes
- Huxley, IA: equally priced homes
- Nevada, IA: less expensive homes
- Slater, IA: less expensive homes
- Mackey, IA: equally priced homes
Cities with Similar Populations
- Huntersville, NC: higher priced homes
- Dundalk, MD: less expensive homes
- Sanford, NC: less expensive homes
- Camden, NJ: less expensive homes
- Statesville, NC: less expensive homes
- Leesburg, VA: higher priced homes
- Petaluma, CA: higher priced homes
- Eastvale, CA: higher priced homes
- Lake Elsinore, CA: higher priced homes
- Weston, FL: higher priced homes
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