Metropolitan Statistical Area (MSA):
Ames, IA is a Metropolitan Statistical Area (MSA) comprising counties including .
There is no doubt that the Ames, IA metropolitan statistical area (MSA) is in the midst of a housing market boom. Real estate values have been on the rise for several years now, and there is no end in sight. The combination of strong job growth, low interest rates, and limited supply of available homes has created a perfect storm for sellers.
As a result, prices are rising at an unprecedented rate. In fact, according to the latest data from the National Association of Realtors, the median home price in Ames has increased by nearly 20% over the past year alone! This is far outpacing both inflation and wage growth, making it increasingly difficult for buyers to afford a home in this market.
If you are thinking about buying a home in Ames, it is important to be aware of these trends and factor them into your decision-making process. Be prepared to pay more than you may have originally budgeted for your dream home, as prices are only going to continue to rise in this hot market.