Real Estate Appreciation for Ames, Iowa: + 11.85%
Appreciation for MSAs:.
Real Estate Investing is all about property appreciation. Understanding Real Estate Appreication is to a real estate investor what reading a profit and loss is to a corporate CEO. Once you understand appreication and the trends that drive it, you can begin to make better decisions on real estate investing.
- Ames, Iowa: + 11.85%
- State of IA: + 12.19%
- Difference: - 2.79%
Ames-IA
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1998 | 2 | 114.52 | + 0.14% | + 0.56% |
| 1998 | 3 | 118.04 | + 3.07% | + 12.29% |
| 1998 | 4 | 118.28 | + 0.20% | + 0.81% |
| 1999 | 1 | 119.57 | + 1.09% | + 4.36% |
| 1999 | 2 | 121.65 | + 1.74% | + 6.96% |
| 1999 | 3 | 122.33 | + 0.56% | + 2.24% |
| 1999 | 4 | 121.62 | - 0.58% | - 2.32% |
| 2000 | 1 | 123.22 | + 1.32% | + 5.26% |
| 2000 | 2 | 125.47 | + 1.83% | + 7.30% |
| 2000 | 3 | 126.87 | + 1.12% | + 4.46% |
| 2000 | 4 | 127.91 | + 0.82% | + 3.28% |
Buying short sale properties is a real buzz right now in real estate. Short sales are created when a property is on the brink of foreclosure and the bank is willing to take a reduced payoff in order to avoid having to foreclose. If you are considering a short sale property chances are you will have to do some rehab and repair to the property. Its very important to analyze all of the historical appreciation data for the area if you are considering buying a property for investment. You can check our historical appreication data for Ames-IA here. If you do decide to move forward with rehabbing a property and need information on a Rehab Loan in Iowa, you can do some research at Spec-Loan.com.
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 $98,000.00 in 1998, you could multiply by + 11.85%, add the gain and see the home should be worth $109,611.58 in 2000. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Ames-IA from 1998 to 2000:
+ 3.95%
Appreciation Comparisons
In contrast, the worst 5 MSAs from 1998 to 2000 were Midland-TX, Wenatchee-WA, Buffalo-Niagara-Falls-NY, Grand-Forks-ND-MN, and Coeur-d'Alene-ID .
- Midland-TX decreased by - 1.12% between 1998 and 2000
- Wenatchee-WA only increased + 0.15% between 1998 and 2000
- Buffalo-Niagara-Falls-NY only increased + 0.36% between 1998 and 2000
- Grand-Forks-ND-MN only increased + 0.83% between 1998 and 2000
- Coeur-d'Alene-ID only increased + 1.01% between 1998 and 2000
The worst perfoming MSAs ever for a 3 year period, were Grand-Junction-CO, Lafayette-LA, Honolulu-HI, Fairbanks-AK, and Lafayette-LA .
- Grand-Junction-CO lost - 34.69% from 1983 to 1985
- Lafayette-LA lost - 31.84% from 1985 thru 1987
- Honolulu-HI lost - 30.81% from 1979 thru 1981
- Fairbanks-AK lost - 29.16% from 1987 thru 1989
- Lafayette-LA lost - 28.50% from 1986 thru 1988
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