Market Overview
Home Prices in Ames, IA
The median home value in Ames, IA is $307,551 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.7% compared to a year ago and up 2.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Ames are priced25% below average. Ames is part of the Ames, IA metro area.
Over the past five years, Ames home values have risen by approximately18.8%, reflecting steady appreciation in this market.
Price History
Ames Home Price Trend
2020
$242,196
$242K
—
2021
$258,973
$259K
+6.9%
2022
$285,328
$285K
+10.2%
2023
$295,559
$296K
+3.6%
2024
$291,238
$291K
-1.5%
2025
$299,595
$300K
+2.9%
2026
$307,551
$308K
+2.7%
City Comparison
Ames vs. National Median
🏠 Ames
$307,551
National Median
$410,000
At $307,551, homes in Ames cost 25% below the national median of $410,000. This makes Ames a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Ames?
20% Down Payment
$61,510
on $307,551
Monthly P&I
$1,604/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,037/mo
incl. taxes & insurance
Income Needed
$81,480
gross annual (30% rule)
10% Down Option
$30,755
+ PMI applies
Loan Amount (20% dn)
$246,041
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Ames, IA?
The median home value in Ames is $307,551 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.7% year-over-year.
How much have home prices changed in Ames?
Over the past year, home values in Ames have increased by 2.7%. Over five years, prices have risen approximately 18.8%.
How much do I need to earn to buy a home in Ames?
To comfortably afford the median home price of $307,551 with a 20% down payment ($61,510) at today's rates (6.8%), you'd need a gross annual income of approximately $81,480. This assumes keeping total housing costs at or below 30% of gross income.
How does Ames compare to the national average home price?
The national median home value is approximately $410,000. At $307,551, homes in Ames are 25% below the national average.
What metro area is Ames part of?
Ames is part of the Ames, IA metropolitan area. Home prices and market conditions can vary across the broader metro region.