Appreciation for MSAs:.

Let's start by comparing Ames, Iowa to the rest of the state. This will give us an idea if the appreciation here was isolated or happened across the state.

We have appreciattion of + 6.74% (+ 3.37% yearly) for the Ames, Iowa MSA.

The entire state of IA had + 7.16% appreciation (+ 3.58% yearly). The state average for Iowa was higher than the real estate appreciation in the Ames, Iowa MSA. This means the conditions in the MSA for real estate investment were worse by + 6.36%.

Ames-IA

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
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%


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 $105,000.00 in 2002, you could multiply by + 6.74%, add the gain and see the home should be worth $112,072.18 in 2003. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Ames-IA from 2002 to 2003:
+ 3.37%

Appreciation Comparisons

The worst 5 MSAs from 2002 to 2003 were Ogden-Clearfield-UT, Lafayette-IN, Fayetteville-NC, Logan-UT-ID, and Provo-Orem-UT .

  1. Ogden-Clearfield-UT only increased + 1.57% between 2002 and 2003
  2. Lafayette-IN only increased + 2.02% between 2002 and 2003
  3. Fayetteville-NC only increased + 2.05% between 2002 and 2003
  4. Logan-UT-ID only increased + 2.05% between 2002 and 2003
  5. Provo-Orem-UT only increased + 2.06% between 2002 and 2003

For a 2 year period, the top 5 performing MSAs of all time are Fort-Walton-Beach-Crestview-Destin-FL, Naples-Marco-Island-FL, Bakersfield-CA, Visalia-Porterville-CA, and Phoenix-Mesa-Scottdale-AZ .

  1. Fort-Walton-Beach-Crestview-Destin-FL increased + 64.61% from 2004 thru 2005
  2. Naples-Marco-Island-FL increased + 64.37% from 2004 thru 2005
  3. Bakersfield-CA increased + 63.04% from 2004 thru 2005
  4. Visalia-Porterville-CA increased + 62.28% from 2004 thru 2005
  5. Phoenix-Mesa-Scottdale-AZ increased + 60.78% from 2004 thru 2005

The worst perfoming MSAs ever for a 2 year period, were Honolulu-HI, Casper-WY, Grand-Junction-CO, Lafayette-LA, and Anchorage-AK .

  1. Honolulu-HI lost - 49.13% from 1980 to 1981
  2. Casper-WY lost - 27.70% from 1986 thru 1987
  3. Grand-Junction-CO lost - 26.25% from 1984 thru 1985
  4. Lafayette-LA lost - 25.36% from 1986 thru 1987
  5. Anchorage-AK lost - 24.89% from 1986 thru 1987

Zip Code in MSA: 50010 - AMES, IA

MSA Pop: 83021
Zip Pop: 24991
Avg Value: 118800
County: STORY
Elev: 1003
Region: Midwest
Lat: 42.02752
Long: -93.636937