Appreciation for MSAs:.

The first way to get a handle on an areas appreciation for a period is to compare it to the rest of the state.

In this case Ames, Iowa MSA appreciated + 15.09% (+ 3.77% yearly) for the period between 2001 and the end of 2004.

The state had + 16.37% total appreciation (+ 4.09% yearly). The state average for Iowa was higher than the real estate appreciation in the Ames, Iowa MSA. This shows that something happened in this area to cause it to underperform. If you can identify the cause during these years, you can learn to avoid it. The state appreaciated + 8.49% faster than this MSA.

Ames-IA

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
2001 2 131.46 + 1.58% + 6.34%
2001 3 132.89 + 1.09% + 4.35%
2001 4 133.59 + 0.53% + 2.11%
2002 1 134.81 + 0.91% + 3.65%
2002 2 134.99 + 0.13% + 0.53%
2002 3 136.92 + 1.43% + 5.72%
2002 4 137.52 + 0.44% + 1.75%
2003 1 138.39 + 0.63% + 2.53%
2003 2 138.75 + 0.26% + 1.04%
2003 3 140.91 + 1.56% + 6.23%
2003 4 143.89 + 2.11% + 8.46%
2004 1 143.87 - 0.01% - 0.06%
2004 2 147.21 + 2.32% + 9.29%
2004 3 149.2 + 1.35% + 5.41%
2004 4 148.94 - 0.17% - 0.70%


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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 $105,000.00 in 2001, you could multiply by + 15.09%, add the gain and see the home should be worth $120,846.15 in 2004. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Ames-IA from 2001 to 2004:
+ 3.77%

Appreciation Comparisons

In contrast, the worst 5 MSAs from 2001 to 2004 were Ogden-Clearfield-UT, Jackson-TN, Austin-Round-Rock-TX, Provo-Orem-UT, and Columbus-IN .

  1. Ogden-Clearfield-UT only increased + 5.61% between 2001 and 2004
  2. Jackson-TN only increased + 5.91% between 2001 and 2004
  3. Austin-Round-Rock-TX only increased + 5.99% between 2001 and 2004
  4. Provo-Orem-UT only increased + 6.69% between 2001 and 2004
  5. Columbus-IN only increased + 7.56% between 2001 and 2004

The worst perfoming MSAs ever for a 4 year period, were Lafayette-LA, Grand-Junction-CO, Lafayette-LA, Casper-WY, and Casper-WY .

  1. Lafayette-LA lost - 34.71% from 1985 to 1988
  2. Grand-Junction-CO lost - 34.70% from 1982 thru 1985
  3. Lafayette-LA lost - 34.44% from 1984 thru 1987
  4. Casper-WY lost - 34.10% from 1983 thru 1986
  5. Casper-WY lost - 32.07% from 1984 thru 1987

Zip Code in MSA: 50011 - AMES, IA

MSA Pop: 83021
Zip Pop: 0
Avg Value: 0
County: STORY
Elev: 1003
Region: Midwest
Lat: 42.022675
Long: -93.642525