AMES Mortgage Rates & Closing Costs

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    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Ames averaged 6.66% for the week of 2024-11-14, compared to the national average of 6.78% for the same period.

    The average rate for the prior week (2024-11-07) was 6.67% and one month ago for the week of 2024-10-10, the average rate was 6.1%.

    Ames's average rate one year ago was 7.38%.

    For refis of the same type during the week of 2024-11-14, the average rate was 6.88%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-11-14 6.78%
    Ames 30 Year Fixed Rate 2024-11-14 6.66%
    Ames 30 Year Fixed Rate Refi 2024-11-14 6.88%
    Ames 15 Year Fixed Rate 2024-11-14 6.19%
    Ames 15 Year Fixed Rate Refi 2024-11-14 5.99%
    Ames 30 Year FHA 2024-11-14 0.02%
    Ames 30 Year FHA Refi 2024-11-14 -0.1%
    Ames 30 Year USDA 2024-11-14 -0.1%
    Ames 30 Year USDA Refi 2024-11-14 0%
    Ames 30 Year VA 2024-11-14 -0.02%
    Ames 30 Year VA Refi 2024-11-14 -0.1%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within AMES, IA.

    AMES Top Lenders by Rates & Fees

    The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the AMES, IA market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    IOWA BANKERS MORTGAGE CORPORATION 164 6.49% $2,425
    GREENSTATE CREDIT UNION 50 6.41% $2,044
    GUILD MORTGAGE COMPANY 50 6.78% $4,476
    Wells Fargo Bank 42 6.52% $2,897
    Northwest Bank 35 6.20% $4,220
    AMERICAN PACIFIC MORTGAGE CORPORATION 34 6.79% $4,634
    GREATER IOWA CREDIT UNION 29 6.46% $2,228
    U.S. Bank 25 6.86% $3,282
    QUICKEN LOANS, LLC 21 6.52% $6,454
    VERIDIAN CREDIT UNION 21 6.40% $2,067
    Lincoln Savings Bank 18 6.67% $3,231
    MEMBERS1st Community Credit Union 18 5.89% $4,810
    Community Choice Credit Union 15 6.53% $2,412
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 13 6.76% $3,033
    Deere Employees Credit Union 11 6.26% $3,142
    UNITED WHOLESALE MORTGAGE, LLC 11 7.07% $4,813
    Bankers Trust Company 11 5.42% $1,982
    LAND HOME FINANCIAL SERVICES, INC. 11 6.75% $5,250
    HOMESIDE FINANCIAL, LLC 11 7.25% $4,601
    GUARANTEED RATE, INC. 10 6.46% $5,663
    Premier Credit Union 10 6.60% $4,695
    Luana Savings Bank 9 6.63% $1,988
    HOMESERVICES LENDING, LLC 9 7.14% $4,831
    FRONTIER FINANCIAL, INC. 7 6.84% $3,491
    Capitol Federal Savings Bank 6 5.94% $4,083
    Fortress Bank 6 6.40% $2,542
    BMO Harris Bank 5 6.83% $3,652
    JPMorgan Chase Bank 5 6.33% $3,409
    Bank of America 5 6.98% $4,221
    Farm Credit Mid-America, ACA 5 6.98% $7,925
    Barrington Bank & Trust Company, N.A. 4 6.44% $6,801
    PENNYMAC LOAN SERVICES, LLC 4 6.59% $3,712
    DUPACO COMMUNITY 4 6.38% $3,458
    West Gate Bank 3 6.67% $2,249
    CARDINAL FINANCIAL 3 6.91% $5,636
    CMG MORTGAGE, INC. 3 7.00% $6,083
    GERSHMAN INVESTMENT CORP. 3 6.42% $3,455
    LOANDEPOT.COM, LLC 3 6.91% $5,040
    Mortgage Research Center, LLC 3 6.71% $2,058
    PENTAGON FEDERAL CREDIT UNION 2 5.81% $4,616
    Peoples Bank 2 6.38% $2,515
    The Central Trust Bank 2 7.19% $2,484
    The Huntington National Bank 2 6.13% $2,119
    Hills Bank and Trust Company 2 6.06% $2,173
    CHURCHILL MORTGAGE CORPORATION 2 8.06% $3,292
    Central Bank 2 6.31% $5,042
    Bank Iowa 2 6.88% $4,611
    USAA Federal Savings Bank 2 5.94% $3,953
    ENVOY MORTGAGE, LTD 2 7.19% $3,063
    Carrington Mortgage Services, LLC 2 6.50% $6,885
    FREEDOM MORTGAGE CORPORATION 2 6.25% $7,375
    First Interstate Bank 2 6.63% $3,844
    Charles Schwab Bank, SSB 1 6.33% $2,930
    MARINE 1 9.23% $6,557
    Midwest Heritage Bank FSB 1 6.75% $13,369
    MidWestOne Bank 1 5.75% $2,671
    MORTGAGE ACCESS CORP. 1 6.99% $10,895
    Ally Bank 1 5.75% $11,491
    NAVY FEDERAL CREDIT UNION 1 6.63% $4,833
    Neighborhood Loans, Inc. 1 6.38% $7,174
    North American Savings Bank, F.S.B. 1 7.38% $11,532
    CBI Bank & Trust 1 6.50% $3,675
    Ohnward Bank & Trust 1 7.00% $2,277
    PHH Mortgage Corporation 1 7.38% $5,965
    Plains Commerce Bank 1 6.25% $7,287
    PLAZA HOME MORTGAGE, INC. 1 7.75% $3,098
    BROKER SOLUTIONS, INC. 1 6.75% $4,665
    BankIowa of Cedar Rapids 1 6.13% $1,528
    Raccoon Valley Bank 1 6.75% $1,719
    SERVICE 1ST 1 7.38% $2,551
    Truist 1 6.13% $2,570
    UMB Bank 1 5.79% $2,146
    Gate City Bank 1 6.25% $6,751
    American State Bank 1 6.38% $1,525
    First National Bank of Omaha 1 7.63% $5,705
    United Bank of Iowa 1 6.38% $4,635
    GENERAL ELECTRIC CREDIT UNION 1 5.50% $2,973
    AMERICAN FINANCE HOUSE LARIBA 1 6.50% $1,097
    First Federal Savings and Loan Association of Lakewood 1 5.88% $3,626
    FINANCIAL PLUS Credit Union 1 6.25% $1,734
    Farmers Bank & Trust 1 5.63% $6,586
    DAS Acquisition Company, LLC 1 7.50% $3,917
    CROSSCOUNTRY MORTGAGE, LLC 1 6.63% $6,582
    COMMUNITY 1ST CREDIT UNION 1 6.25% $2,082
    JMAC LENDING, INC. 1 6.63% $2,646
    Commerce Bank 1 6.50% $2,464
    Citibank 1 4.88% $5,016
    AMCAP MORTGAGE, LTD. 1 6.75% $3,225

    AMES Average Closing Costs & Other Stats

    AMES, IA's 88 lenders originated 2,049 loans during 2023. The total origination value was $394,985,000, with an average loan value of $192,770.

    AMES's average closing costs are $3,357.

    The top AMES lender as defined by loan originations is IOWA BANKERS MORTGAGE CORPORATION, with 164 loans originated. Their average total fees are $2,425, which is $380 higher than the next largest lender, GREENSTATE CREDIT UNION.

    The lowest fee AMES lenders (with over 10 loans originated) are Bankers Trust Company ($1,982), GREENSTATE CREDIT UNION ($2,044), VERIDIAN CREDIT UNION ($2,067), GREATER IOWA CREDIT UNION ($2,228) and Community Choice Credit Union ($2,412).

    The lowest rate AMES lenders (with over 10 loans originated) are Bankers Trust Company (5.42%), MEMBERS1st Community Credit Union (5.89%), Northwest Bank (6.20%), Deere Employees Credit Union (6.26%) and VERIDIAN CREDIT UNION (6.40%).

    AMES, IA Mortgage Market Share & Volume

    Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.

    Name 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
    IOWA BANKERS MORTGAGE CORPORATION $56,755,000 $43,940,000 -22.6% 11.1%
    Northwest Bank $16,850,000 $24,840,000 47.4% 6.3%
    GUILD MORTGAGE COMPANY $1,670,000 $22,015,000 1,218.3% 5.6%
    GREENSTATE CREDIT UNION $23,825,000 $17,895,000 -24.9% 4.5%
    GREATER IOWA CREDIT UNION $18,825,000 $14,665,000 -22.1% 3.7%
    Wells Fargo Bank $31,160,000 $13,540,000 -56.5% 3.4%
    Bankers Trust Company $17,835,000 $11,580,000 -35.1% 2.9%
    VERIDIAN CREDIT UNION $17,920,000 $11,250,000 -37.2% 2.8%
    U.S. Bank $13,755,000 $9,915,000 -27.9% 2.5%
    AMERICAN PACIFIC MORTGAGE CORPORATION $14,030,000 $9,635,000 -31.3% 2.4%
    QUICKEN LOANS, LLC $14,850,000 $9,580,000 -35.5% 2.4%
    Availa Bank $13,425,000 $8,090,000 -39.7% 2.0%
    Community Choice Credit Union $6,665,000 $7,805,000 17.1% 2.0%
    South Story Bank & Trust $7,530,000 n/a 1.9%
    VisionBank of Iowa $9,320,000 $7,390,000 -20.7% 1.9%
    First National Bank, Ames, Iowa $30,275,000 $6,515,000 -78.5% 1.6%
    Lincoln Savings Bank $8,825,000 $6,385,000 -27.6% 1.6%
    Premier Credit Union $6,065,000 $4,995,000 -17.6% 1.3%
    Mortgage Research Center, LLC $5,530,000 $4,785,000 -13.5% 1.2%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $10,200,000 $4,770,000 -53.2% 1.2%
    Luana Savings Bank $10,685,000 $4,095,000 -61.7% 1.0%
    LAND HOME FINANCIAL SERVICES, INC. $3,660,000 $4,055,000 10.8% 1.0%
    Exchange State Bank $4,045,000 n/a 1.0%
    HOMESIDE FINANCIAL, LLC $2,675,000 $4,020,000 50.3% 1.0%
    GUARANTEED RATE, INC. $2,610,000 $3,950,000 51.3% 1.0%
    UNITED WHOLESALE MORTGAGE, LLC $3,870,000 $3,915,000 1.2% 1.0%
    MEMBERS1st Community Credit Union $4,210,000 $3,880,000 -7.8% 1.0%
    HOMESERVICES LENDING, LLC $3,605,000 $3,830,000 6.2% 1.0%
    RIVER VALLEY CREDIT UNION $4,820,000 $3,165,000 -34.3% 0.8%
    PENNYMAC LOAN SERVICES, LLC $2,995,000 $3,090,000 3.2% 0.8%
    Deere Employees Credit Union $4,170,000 $2,865,000 -31.3% 0.7%
    FRONTIER FINANCIAL, INC. $3,745,000 $2,615,000 -30.2% 0.7%
    Raccoon Valley Bank $2,510,000 n/a 0.6%
    Farm Credit Mid-America, ACA $2,200,000 $2,185,000 -0.7% 0.6%
    First Interstate Bank $7,565,000 $2,170,000 -71.3% 0.5%
    Bank of America $390,000 $2,150,000 451.3% 0.5%
    NEWREZ LLC $1,720,000 $2,035,000 18.3% 0.5%
    Capitol Federal Savings Bank $9,640,000 $1,990,000 -79.4% 0.5%
    CARDINAL FINANCIAL $745,000 $1,860,000 149.7% 0.5%
    FREEDOM MORTGAGE CORPORATION $1,950,000 $1,855,000 -4.9% 0.5%
    Barrington Bank & Trust Company, N.A. $2,390,000 $1,785,000 -25.3% 0.5%
    GNB Bank $1,490,000 $1,740,000 16.8% 0.4%
    CMG MORTGAGE, INC. $215,000 $1,725,000 702.3% 0.4%
    Community State Bank $630,000 $1,575,000 150.0% 0.4%
    BMO Harris Bank $1,485,000 n/a 0.4%
    United Bank of Iowa $4,235,000 $1,460,000 -65.5% 0.4%
    DUPACO COMMUNITY $450,000 $1,430,000 217.8% 0.4%
    JPMorgan Chase Bank $1,985,000 $1,420,000 -28.5% 0.4%
    Fortress Bank $830,000 $1,380,000 66.3% 0.3%
    NAVY FEDERAL CREDIT UNION $2,095,000 $1,315,000 -37.2% 0.3%
    Ames National Corporation/Reliance State Bank $1,275,000 n/a 0.3%
    LOANDEPOT.COM, LLC $1,995,000 $1,255,000 -37.1% 0.3%
    GERSHMAN INVESTMENT CORP. $4,005,000 $1,250,000 -68.8% 0.3%
    Midwest Heritage Bank FSB $1,205,000 $1,215,000 0.8% 0.3%
    The Central Trust Bank $1,895,000 $1,165,000 -38.5% 0.3%
    ENVOY MORTGAGE, LTD $825,000 $1,155,000 40.0% 0.3%
    City State Bank $2,455,000 $1,125,000 -54.2% 0.3%
    Truist $6,215,000 $1,090,000 -82.5% 0.3%
    Carrington Mortgage Services, LLC $770,000 $1,030,000 33.8% 0.3%
    Peoples Bank $1,525,000 $990,000 -35.1% 0.3%
    Bank Iowa $1,080,000 $930,000 -13.9% 0.2%
    West Gate Bank $175,000 $885,000 405.7% 0.2%
    Plains Commerce Bank $1,135,000 $825,000 -27.3% 0.2%
    Charter Bank $805,000 n/a 0.2%
    BROKER SOLUTIONS, INC. $2,830,000 $800,000 -71.7% 0.2%
    Flagstar Bank, FSB $1,470,000 $785,000 -46.6% 0.2%
    MID AMERICA MORTGAGE, INC. $1,050,000 $760,000 -27.6% 0.2%
    Earlham Savings Bank $750,000 n/a 0.2%
    The Huntington National Bank $385,000 $690,000 79.2% 0.2%
    Charles Schwab Bank, SSB $685,000 n/a 0.2%
    Hills Bank and Trust Company $610,000 n/a 0.2%
    CROSSCOUNTRY MORTGAGE, LLC $285,000 $600,000 110.5% 0.2%
    Central Bank $1,860,000 $555,000 -70.2% 0.1%
    MORTGAGE ACCESS CORP. $275,000 $545,000 98.2% 0.1%
    First Federal Savings and Loan Association of Lakewood $535,000 n/a 0.1%
    AMERISAVE MORTGAGE CORPORATION $1,840,000 $530,000 -71.2% 0.1%
    MUTUAL OF OMAHA MORTGAGE, INC. $430,000 $505,000 17.4% 0.1%
    GENERAL ELECTRIC CREDIT UNION $445,000 n/a 0.1%
    USAA Federal Savings Bank $1,220,000 $445,000 -63.5% 0.1%
    RUHL MORTGAGE, LLC $255,000 $440,000 72.5% 0.1%
    Gate City Bank $435,000 n/a 0.1%
    Union State Bank $435,000 n/a 0.1%
    MARINE $375,000 $410,000 9.3% 0.1%
    CHURCHILL MORTGAGE CORPORATION $1,195,000 $400,000 -66.5% 0.1%
    Farmers State Bank $4,770,000 $395,000 -91.7% 0.1%
    Figure Lending LLC $115,000 $390,000 239.1% 0.1%
    TOP FLITE FINANCIAL, INC. $385,000 n/a 0.1%
    ENDEAVOR CAPITAL, LLC. $380,000 n/a 0.1%
    MOVEMENT MORTGAGE, LLC $205,000 $375,000 82.9% 0.1%
    North American Savings Bank, F.S.B. $375,000 n/a 0.1%
    Paramount Residential Mortgage Group, Inc. $370,000 n/a 0.1%
    FINANCIAL PLUS Credit Union $235,000 $355,000 51.1% 0.1%
    UMB Bank $345,000 n/a 0.1%
    NEW DAY FINANCIAL, LLC $1,215,000 $340,000 -72.0% 0.1%
    PENTAGON FEDERAL CREDIT UNION $230,000 $340,000 47.8% 0.1%
    American Mortgage & Equity Consultants, Inc. $335,000 n/a 0.1%
    CALCON MUTUAL MORTGAGE LLC $335,000 n/a 0.1%
    PLAZA HOME MORTGAGE, INC. $330,000 n/a 0.1%
    Farmers Bank & Trust $325,000 n/a 0.1%
    Washington State Bank $345,000 $325,000 -5.8% 0.1%
    Ohnward Bank & Trust $320,000 n/a 0.1%
    FARMERS & MERCHANTS STATE BANK $315,000 n/a 0.1%
    CBI Bank & Trust $305,000 n/a 0.1%
    FINANCE OF AMERICA REVERSE LLC $305,000 n/a 0.1%
    Ixonia Bank $1,040,000 $300,000 -71.2% 0.1%
    VILLAGE CAPITAL MORTGAGE $385,000 $295,000 -23.4% 0.1%
    AMERICAN FINANCIAL NETWORK, INC. $285,000 n/a 0.1%
    Kerndt Brothers Savings Bank $285,000 n/a 0.1%
    BETTER MORTGAGE CORPORATION $865,000 $275,000 -68.2% 0.1%
    Citibank $275,000 n/a 0.1%
    First National Bank of Omaha $275,000 n/a 0.1%
    Securityplus FCU $275,000 n/a 0.1%
    SERVICE 1ST $275,000 n/a 0.1%
    POLARIS HOME FUNDING CORP. $270,000 n/a 0.1%
    Coastal Community Bank $265,000 n/a 0.1%
    EVANSVILLE TEACHERS $255,000 n/a 0.1%
    Neighborhood Loans, Inc. $275,000 $245,000 -10.9% 0.1%
    Ally Bank $380,000 $225,000 -40.8% 0.1%
    CHEVRON $225,000 n/a 0.1%
    TruBank $220,000 n/a 0.1%
    AMERICAN FINANCE HOUSE LARIBA $205,000 n/a 0.1%
    The Federal Savings Bank $205,000 n/a 0.1%
    LIMA ONE CAPITAL, LLC $75,000 $200,000 166.7% 0.1%
    BankIowa of Cedar Rapids $185,000 n/a 0.0%
    Chickasaw Community Bank $2,015,000 $185,000 -90.8% 0.0%
    PHH Mortgage Corporation $295,000 $180,000 -39.0% 0.0%
    Servion, Inc. $920,000 $170,000 -81.5% 0.0%
    DAS Acquisition Company, LLC $330,000 $165,000 -50.0% 0.0%
    First Bank $160,000 n/a 0.0%
    COMMUNITY 1ST CREDIT UNION $145,000 $155,000 6.9% 0.0%
    JMAC LENDING, INC. $155,000 n/a 0.0%
    State Savings Bank $155,000 n/a 0.0%
    AMCAP MORTGAGE, LTD. $145,000 n/a 0.0%
    American State Bank $1,080,000 $145,000 -86.6% 0.0%
    Central State Bank $145,000 n/a 0.0%
    CORNERSTONE HOME LENDING, INC. $145,000 n/a 0.0%
    SUN WEST MORTGAGE COMPANY, INC. $145,000 n/a 0.0%
    Northeast Security Bank $135,000 n/a 0.0%
    Bank of the West $1,820,000 $130,000 -92.9% 0.0%
    Bankers' Bank $175,000 $125,000 -28.6% 0.0%
    Commerce Bank $125,000 n/a 0.0%
    MidWestOne Bank $815,000 $110,000 -86.5% 0.0%
    SPRING EQ, LLC $95,000 n/a 0.0%
    ROYAL UNITED MORTGAGE LLC $270,000 $85,000 -68.5% 0.0%
    Bank Northwest $75,000 n/a 0.0%
    Third Federal Savings and Loan Association of Cleveland $75,000 n/a 0.0%
    21ST MORTGAGE CORPORATION $670,000 $70,000 -89.6% 0.0%
    Citizens Bank $65,000 n/a 0.0%
    Mr. Cooper ( Nationstar Mortgage ) $3,130,000 $65,000 -97.9% 0.0%
    ALLIANT $75,000 $55,000 -26.7% 0.0%
    Centier Bank $15,000 $55,000 266.7% 0.0%
    Serve Credit Union $55,000 n/a 0.0%
    Iowa State Bank $35,000 n/a 0.0%

    AMES's top lender by overall market share is IOWA BANKERS MORTGAGE CORPORATION, with 11.1% market share. In second place, with 6.3%, is Northwest Bank, having originated $24,840,000 in loans. In third place, with 5.6%, is GUILD MORTGAGE COMPANY, having originated $22,015,000 in loans. In fourth place, with 4.5%, is GREENSTATE CREDIT UNION, having originated $17,895,000 in loans. In fifth place, with 3.7%, is GREATER IOWA CREDIT UNION, having originated $14,665,000 in loans.

    AMES Housing Market Trends (Median, Average Prices & Listing Count)

    Realtor.com - AMES (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $224,350 (12.2%) $254,620 (6.0%) 0.00 296
    2018-02-01 $243,120 (13.6%) $262,187 (7.8%) 0.00 295
    2018-03-01 $254,225 (7.1%) $274,272 (4.9%) 0.00 303
    2018-04-01 $263,450 (7.5%) $281,018 (2.1%) 0.00 310
    2018-05-01 $259,690 (0.1%) $274,137 (-1.1%) 0.00 334
    2018-06-01 $249,900 (-2.1%) $269,824 (-5.0%) 0.00 368
    2018-07-01 $237,250 (-0.1%) $258,323 (-4.5%) 0.00 383
    2018-08-01 $237,000 (1.5%) $256,987 (-4.2%) 0.00 410
    2018-09-01 $229,000 (1.8%) $247,258 (-3.8%) 0.00 450
    2018-10-01 $219,950 (0.0%) $240,885 (-4.1%) 0.00 453
    2018-11-01 $219,563 (4.1%) $239,389 (-3.2%) 0.00 426
    2018-12-01 $219,900 (4.2%) $240,269 (-2.3%) 0.00 403
    2019-01-01 $215,000 (-4.2%) $237,497 (-6.7%) 0.00 374
    2019-02-01 $220,700 (-9.2%) $242,098 (-7.7%) 0.00 360
    2019-03-01 $235,436 (-7.4%) $254,134 (-7.3%) 0.00 373
    2019-04-01 $249,525 (-5.3%) $262,754 (-6.5%) 0.00 401
    2019-05-01 $241,975 (-6.8%) $264,405 (-3.6%) 0.00 422
    2019-06-01 $242,350 (-3.0%) $269,343 (-0.2%) 0.00 470
    2019-07-01 $241,000 (1.6%) $262,269 (1.5%) 0.00 478
    2019-08-01 $235,882 (-0.5%) $259,184 (0.9%) 0.00 474
    2019-09-01 $229,705 (0.3%) $252,840 (2.3%) 0.00 472
    2019-10-01 $221,450 (0.7%) $247,882 (2.9%) 0.00 468
    2019-11-01 $220,950 (0.6%) $245,620 (2.6%) 0.00 411
    2019-12-01 $225,000 (2.3%) $247,047 (2.8%) 0.00 368
    2020-01-01 $224,825 (4.6%) $250,498 (5.5%) 0.00 338
    2020-02-01 $224,450 (1.7%) $249,608 (3.1%) 0.00 340
    2020-03-01 $239,900 (1.9%) $260,472 (2.5%) 0.00 360
    2020-04-01 $240,000 (-3.8%) $260,844 (-0.7%) 0.00 350
    2020-05-01 $245,000 (1.3%) $275,451 (4.2%) 0.00 325
    2020-06-01 $250,950 (3.6%) $279,656 (3.8%) 0.00 328
    2020-07-01 $250,425 (3.9%) $280,416 (6.9%) 0.00 299
    2020-08-01 $251,150 (6.5%) $285,738 (10.3%) 0.00 282
    2020-09-01 $258,475 (12.5%) $286,570 (13.3%) 0.00 278
    2020-10-01 $266,000 (20.1%) $289,491 (16.8%) 0.00 280
    2020-11-01 $271,950 (23.1%) $280,507 (14.2%) 0.00 242
    2020-12-01 $271,375 (20.6%) $281,312 (13.9%) 0.00 203
    2021-01-01 $288,000 (28.1%) $298,762 (19.3%) 0.00 166
    2021-02-01 $289,950 (29.2%) $299,035 (19.8%) 0.00 148
    2021-03-01 $283,975 (18.4%) $315,687 (21.2%) 0.00 157
    2021-04-01 $270,000 (12.5%) $315,357 (20.9%) 0.00 166
    2021-05-01 $271,500 (10.8%) $314,427 (14.2%) 0.00 163
    2021-06-01 $266,500 (6.2%) $308,772 (10.4%) 0.00 160
    2021-07-01 $260,000 (3.8%) $291,146 (3.8%) 0.00 167
    2021-08-01 $249,000 (-0.9%) $282,935 (-1.0%) 0.00 186
    2021-09-01 $247,500 (-4.3%) $286,812 (0.1%) 0.00 214
    2021-10-01 $224,950 (-15.4%) $271,840 (-6.1%) 0.00 220
    2021-11-01 $228,750 (-15.9%) $278,022 (-0.9%) 0.00 200
    2021-12-01 $244,225 (-10.0%) $274,920 (-2.3%) 0.00 177
    2022-01-01 $252,000 (-12.5%) $278,471 (-6.8%) 0.00 145
    2022-02-01 $299,725 (3.4%) $311,684 (4.2%) 0.00 123
    2022-03-01 $296,238 (4.3%) $312,031 (-1.2%) 0.00 125
    2022-04-01 $289,000 (7.0%) $317,692 (0.7%) 0.00 127
    2022-05-01 $297,500 (9.6%) $332,079 (5.6%) 0.00 168
    2022-06-01 $292,375 (9.7%) $340,066 (10.1%) 0.00 174
    2022-07-01 $299,900 (15.4%) $334,449 (14.9%) 0.00 186
    2022-08-01 $293,000 (17.7%) $323,186 (14.2%) 0.00 164
    2022-09-01 $283,333 (14.5%) $314,563 (9.7%) 0.00 177
    2022-10-01 $279,000 (24.0%) $356,102 (31.0%) 0.00 188
    2022-11-01 $296,725 (29.7%) $363,534 (30.8%) 0.00 167
    2022-12-01 $300,000 (22.8%) $364,329 (32.5%) 0.00 164
    2023-01-01 $309,375 (22.8%) $375,521 (34.9%) 0.00 157
    2023-02-01 $327,975 (9.4%) $404,734 (29.9%) 0.00 144
    2023-03-01 $311,225 (5.1%) $388,200 (24.4%) 0.00 158
    2023-04-01 $330,950 (14.5%) $401,199 (26.3%) 0.00 152
    2023-05-01 $332,175 (11.7%) $386,736 (16.5%) 0.00 183
    2023-06-01 $318,500 (8.9%) $354,694 (4.3%) 0.00 219
    2023-07-01 $316,200 (5.4%) $354,796 (6.1%) 0.00 231
    2023-08-01 $317,750 (8.5%) $361,405 (11.8%) 0.00 224
    2023-09-01 $317,500 (12.1%) $364,689 (15.9%) 0.00 235
    2023-10-01 $308,450 (10.6%) $356,640 (0.2%) 0.00 247
    2023-11-01 $315,125 (6.2%) $368,281 (1.3%) 0.00 231
    2023-12-01 $302,450 (0.8%) $354,991 (-2.6%) 0.00 208
    2024-01-01 $318,250 (2.9%) $355,331 (-5.4%) 0.00 188
    2024-02-01 $324,900 (-0.9%) $367,440 (-9.2%) 0.00 187
    2024-03-01 $335,900 (7.9%) $376,107 (-3.1%) 0.00 189
    2024-04-01 $336,225 (1.6%) $373,788 (-6.8%) 0.00 189
    2024-05-01 $347,200 (4.5%) $388,309 (0.4%) 0.00 187
    2024-06-01 $332,950 (4.5%) $391,327 (10.3%) 0.00 219
    2024-07-01 $330,550 (4.5%) $380,799 (7.3%) 0.00 226
    2024-08-01 $314,900 (-0.9%) $388,125 (7.4%) 0.00 234
    2024-09-01 $317,450 (0.0%) $387,214 (6.2%) 0.00 237
    2024-10-01 $304,975 (-1.1%) $379,437 (6.4%) 0.00 250
    AMES's median listing price for 2024-10-01 was $304,975, a difference of $-3,475 (-1.1%) versus the prior year and $-12,475 versus the prior month.

    AMES's median listing price comes in at 0% of the national average.

    AMES's average listing price for 2024-10-01 was $379,437, a difference of $22,797 (6.4%) versus the prior year and $-7,777 versus the prior month.

    For the 2024-10-01 period, AMES had 250 MLS listings, a difference of 13 listings (5%) versus the prior month and 3 listings (1%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - AMES (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,564 sqft
    2018-02-01 0 days 1,541 sqft
    2018-03-01 0 days 1,555 sqft
    2018-04-01 0 days 1,609 sqft
    2018-05-01 0 days 1,580 sqft
    2018-06-01 0 days 1,557 sqft
    2018-07-01 0 days 1,529 sqft
    2018-08-01 0 days 1,533 sqft
    2018-09-01 0 days 1,522 sqft
    2018-10-01 0 days 1,515 sqft
    2018-11-01 0 days 1,499 sqft
    2018-12-01 0 days 1,501 sqft
    2019-01-01 0 days 1,487 sqft
    2019-02-01 0 days 1,509 sqft
    2019-03-01 0 days 1,530 sqft
    2019-04-01 0 days 1,541 sqft
    2019-05-01 0 days 1,582 sqft
    2019-06-01 0 days 1,552 sqft
    2019-07-01 0 days 1,539 sqft
    2019-08-01 0 days 1,525 sqft
    2019-09-01 0 days 1,511 sqft
    2019-10-01 0 days 1,501 sqft
    2019-11-01 0 days 1,503 sqft
    2019-12-01 0 days 1,501 sqft
    2020-01-01 0 days 1,474 sqft
    2020-02-01 0 days 1,472 sqft
    2020-03-01 0 days 1,520 sqft
    2020-04-01 0 days 1,535 sqft
    2020-05-01 0 days 1,560 sqft
    2020-06-01 0 days 1,562 sqft
    2020-07-01 0 days 1,577 sqft
    2020-08-01 0 days 1,565 sqft
    2020-09-01 0 days 1,544 sqft
    2020-10-01 0 days 1,552 sqft
    2020-11-01 0 days 1,509 sqft
    2020-12-01 0 days 1,499 sqft
    2021-01-01 0 days 1,502 sqft
    2021-02-01 0 days 1,499 sqft
    2021-03-01 0 days 1,516 sqft
    2021-04-01 0 days 1,502 sqft
    2021-05-01 0 days 1,486 sqft
    2021-06-01 0 days 1,471 sqft
    2021-07-01 0 days 1,471 sqft
    2021-08-01 0 days 1,464 sqft
    2021-09-01 0 days 1,457 sqft
    2021-10-01 0 days 1,439 sqft
    2021-11-01 0 days 1,457 sqft
    2021-12-01 0 days 1,453 sqft
    2022-01-01 0 days 1,471 sqft
    2022-02-01 0 days 1,475 sqft
    2022-03-01 0 days 1,498 sqft
    2022-04-01 0 days 1,481 sqft
    2022-05-01 0 days 1,487 sqft
    2022-06-01 0 days 1,482 sqft
    2022-07-01 0 days 1,481 sqft
    2022-08-01 0 days 1,459 sqft
    2022-09-01 0 days 1,457 sqft
    2022-10-01 0 days 1,475 sqft
    2022-11-01 0 days 1,472 sqft
    2022-12-01 0 days 1,481 sqft
    2023-01-01 0 days 1,468 sqft
    2023-02-01 0 days 1,492 sqft
    2023-03-01 0 days 1,484 sqft
    2023-04-01 0 days 1,495 sqft
    2023-05-01 0 days 1,500 sqft
    2023-06-01 0 days 1,502 sqft
    2023-07-01 0 days 1,507 sqft
    2023-08-01 0 days 1,521 sqft
    2023-09-01 0 days 1,533 sqft
    2023-10-01 0 days 1,519 sqft
    2023-11-01 0 days 1,555 sqft
    2023-12-01 0 days 1,550 sqft
    2024-01-01 0 days 1,545 sqft
    2024-02-01 0 days 1,573 sqft
    2024-03-01 0 days 1,600 sqft
    2024-04-01 0 days 1,556 sqft
    2024-05-01 0 days 1,605 sqft
    2024-06-01 0 days 1,596 sqft
    2024-07-01 0 days 1,592 sqft
    2024-08-01 0 days 1,567 sqft
    2024-09-01 0 days 1,582 sqft
    2024-10-01 0 days 1,510 sqft
    AMES's median listing age (time on market) for 2024-10-01 was 0 days.

    AMES's median square footage for active listings during the 2024-10-01 period was 1,510 sqft. One year prior, the average listing was 1,519 sqft.

    AMES, IA Average Rent (2023)

    Zoom/scroll map to see average rent by zip code. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results.

    For additional perspective within a market, below is information regarding the average rents (as defined by HUD) for zip codes within the metro area. Descriptive statistics (average, median) are shown below the table.
    Zip Code Metro Studio Apartment Rent 1BR Apartment Rent 2BR Apartment Rent 3BR Apartment Rent 4BR Apartment Rent
    50010 Ames, IA HUD Metro FMR Area $790 $850 $970 $1,380 $1,650
    50011 Ames, IA HUD Metro FMR Area $800 $860 $980 $1,390 $1,670
    50012 Ames, IA HUD Metro FMR Area $860 $920 $1,060 $1,500 $1,800
    50013 Ames, IA HUD Metro FMR Area $800 $860 $980 $1,390 $1,670
    50014 Ames, IA HUD Metro FMR Area $880 $950 $1,090 $1,550 $1,850
    50046 Ames, IA HUD Metro FMR Area $810 $880 $1,010 $1,430 $1,670
    50055 Ames, IA HUD Metro FMR Area $830 $880 $1,050 $1,480 $1,710
    50056 Ames, IA HUD Metro FMR Area $800 $860 $980 $1,390 $1,670
    50105 Ames, IA HUD Metro FMR Area $710 $720 $850 $1,210 $1,430
    50122 Ames, IA HUD Metro FMR Area $800 $860 $980 $1,390 $1,670
    50124 Ames, IA HUD Metro FMR Area $720 $770 $880 $1,250 $1,500
    50134 Ames, IA HUD Metro FMR Area $710 $720 $850 $1,210 $1,430
    50154 Ames, IA HUD Metro FMR Area $770 $830 $950 $1,350 $1,620
    50156 Ames, IA HUD Metro FMR Area $710 $720 $850 $1,210 $1,430
    50161 Ames, IA HUD Metro FMR Area $710 $720 $850 $1,210 $1,430
    50201 Ames, IA HUD Metro FMR Area $710 $720 $850 $1,210 $1,430
    50206 Ames, IA HUD Metro FMR Area $710 $720 $850 $1,210 $1,430
    50226 Ames, IA HUD Metro FMR Area $970 $1,090 $1,320 $1,810 $1,840
    50230 Ames, IA HUD Metro FMR Area $800 $860 $980 $1,390 $1,670
    50236 Ames, IA HUD Metro FMR Area $710 $720 $850 $1,210 $1,430
    50239 Ames, IA HUD Metro FMR Area $800 $860 $980 $1,390 $1,670
    50243 Ames, IA HUD Metro FMR Area $750 $830 $980 $1,370 $1,490
    50244 Ames, IA HUD Metro FMR Area $710 $740 $850 $1,210 $1,430
    50247 Ames, IA HUD Metro FMR Area $710 $720 $850 $1,210 $1,430
    50248 Ames, IA HUD Metro FMR Area $710 $730 $850 $1,210 $1,430
    50278 Ames, IA HUD Metro FMR Area $710 $720 $850 $1,210 $1,430

    2022 Average & Median Rent Data Statistics
    AMES, IA average 1BR rent: $812, median: $830
    AMES, IA average 2BR rent: $944, median: $960
    AMES, IA average 3BR rent: $1,337, median: $1,360

    AMES, IA Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 1,274 $288,610,000 $226,538
    Home Improvement 246 $18,700,000 $76,016
    Other 197 $32,265,000 $163,782
    Cash Out Refi 180 $26,850,000 $149,167
    Refi 152 $28,560,000 $187,895

    Ames's most frequently cited loan purpose was Home Purchase, with 1,274 originations. The 2nd most popular reason was Home Improvement, with 246 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 754 $171,420,000 $227,347
    7-8% 378 $69,730,000 $184,471
    5-6% 280 $64,370,000 $229,893
    Over 8% 215 $20,615,000 $95,884
    3-4% 41 $4,405,000 $107,439
    4-5% 19 $7,095,000 $373,421
    <2.5% 18 $400,000 $22,222

    During 2023, Ames's most frequently originated rate bucket was 6-7%, with 754 originations.

    Loan Sizing (AMES, IA MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 661 $33,095,000 $50,068
    $100k-200k 635 $95,425,000 $150,276
    $200k-400k 612 $166,270,000 $271,683
    $400k-600k 93 $43,325,000 $465,860
    $600k-1000k 42 $30,230,000 $719,762
    $Over $1MM 6 $26,640,000 $4,440,000

    AMES's loan sizing saw the bucket of loans from $100,000 or less with 661 originations, totaling $33,095,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 740 $177,450,000 $239,797
    60-80% 327 $95,615,000 $292,401
    Under 20% 280 $14,670,000 $52,393
    20-40% 223 $22,605,000 $101,368
    40-60% 121 $23,335,000 $192,851
    Over 100% 11 $3,045,000 $276,818

    AMES's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 740 originations, totaling $177,450,000 in origination value.