The Iowa real estate market features comfortable Midwest living at an affordable price. Consistently ranked as one of the "Best Places to Retire Young" by Money Magazine, Ames, Iowa is a quiet community that attracts residents of all ages. Ames has a population of approximately 56,000 and is the home of Iowa State University of Science and Technology. A lively student population lives around the campus and increases the appeal of surrounding Ames real estate. Iowa State University provides recreation and entertainment opportunities that the entire community can enjoy. Ames residents are able to take advantage of many university-hosted activities, including sporting events, art exhibits and cultural events.
Buying Ames Real Estate
Iowa real estate is often sold at some of the lowest prices in the United States. The average home in Ames is valued in the mid $100s. Those considering Iowa real estate typically expect to get more for their money when they purchase a home in the Midwest. Compared to similarly priced homes in denser areas of the country, Iowa real estate provides more square feet per dollar. Additionally, Iowa real estate is purchased in communities that have costs of living below the national average. Despite being a smaller community, Ames offers a variety of neighborhoods to choose from. Young professionals often prefer to purchase homes closer to the Iowa State University campus. However, homes on the outskirts of Ames provide solitude for families and retirees seeking a slower-paced lifestyle.
Rentals in the Ames, Iowa Real Estate Market
Overall, the Iowa real estate market offers low rates for renters. In Ames, the relationship between the city and the university explains the diversity of rental options. Many communities offer rentals that accommodate the smaller budgets of college students. Bargains can be found in neighborhoods like Campustown, a distinct college community located across from Iowa State University. This district features apartments, restaurants and retail stores that cater to the student body. Landlords often have flexible leasing agreements to fit the needs of the mobile student population. Even residents who are not affiliated with the university stand to benefit from the impact of the university. Ames real estate rentals include individual houses, town homes, condominiums and apartments.
As a trend, Iowa real estate holds a steady value with potential for growth. National recognition is likely to increase the value of Ames real estate. Ames ranks at the top of numerous quality of life and cost of living surveys. The influx of students attending Iowa State University increases the appeal of Ames by creating a diverse and vibrant community. The Iowa real estate market provides spacious, affordable housing options that make purchasing a home in Ames an excellent investment.
