Real Estate Appreciation for Ames, Iowa: + 14.10%
Appreciation for MSAs:.
The state appreciation level can be a good benchmark for comparing an individual MSAs perfomance.
If we analyze Ames, Iowa MSA appreciation it was + 14.10% (+ 4.70% yearly) from 1994 to 1996.
During the same time period, IA had + 14.55% (+ 4.85% yearly).
From 1994 to 1996, Iowa outperformed the individual Ames, Iowa MSA. Do your research to try and determine why this MSA did not perform as well as the rest of the state.
Ames-IA
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1994 | 2 | 97.34 | + 4.16% | + 16.65% |
| 1994 | 3 | 96.84 | - 0.51% | - 2.05% |
| 1994 | 4 | 99.15 | + 2.39% | + 9.54% |
| 1995 | 1 | 100 | + 0.86% | + 3.43% |
| 1995 | 2 | 99.99 | - 0.01% | - 0.04% |
| 1995 | 3 | 104.42 | + 4.43% | + 17.72% |
| 1995 | 4 | 103.95 | - 0.45% | - 1.80% |
| 1996 | 1 | 103.86 | - 0.09% | - 0.35% |
| 1996 | 2 | 106.93 | + 2.96% | + 11.82% |
| 1996 | 3 | 106.2 | - 0.68% | - 2.73% |
| 1996 | 4 | 106.63 | + 0.40% | + 1.62% |
Now is a great time to buy and fix up real estate in many areas. Foreclosures are on the rise so there are deals to be had. If you are considering purchasing and rehabbing a property, appreciation rates are important to consider. If you feel like this is a good area to purchase foreclosure property for rehab, check out Hard Money Rehab Loan Information at Spec-Loan.com. Its important to do your homework before taking on any type of real estate purchase.
If you were going to do a Ames, Iowa Refinance, or Ames, Iowa Reverse Mortgages, you could estimate your home value.
If you knew your Ames, Iowa home was worth $90,000.00 in 1994, you could multiply by + 14.10%, add the gain and see the home should be worth $102,693.42 in 1996. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Ames-IA from 1994 to 1996:
+ 4.70%
Appreciation Comparisons
For a 3 year period, the top 5 performing MSAs of all time are Bakersfield-CA, Visalia-Porterville-CA, Fort-Walton-Beach-Crestview-Destin-FL, Madera-CA, and Palm-Bay-Melbourne-Titusville-FL .
- Bakersfield-CA increased + 93.72% from 2003 thru 2005
- Visalia-Porterville-CA increased + 88.65% from 2003 thru 2005
- Fort-Walton-Beach-Crestview-Destin-FL increased + 87.85% from 2003 thru 2005
- Madera-CA increased + 85.39% from 2003 thru 2005
- Palm-Bay-Melbourne-Titusville-FL increased + 85.00% from 2003 thru 2005
Zip Code in MSA: 50011 - AMES, IA
MSA Pop: 83021Zip Pop: 0
Avg Value: 0
County: STORY
Elev: 1003
Region: Midwest
Lat: 42.022675
Long: -93.642525