1031 Exchange Ames, Iowa

 

Rent, population, and median household income are important factors to consider for a 1031 exchange in Ames due to their correlations with market demand, and conversely, vacancy rate.

Surrounding metropolitan area Area

Ames, Iowa is a part of the Ames, IA metropolitan area area, and contains 5 zip codes: 50014, 50013, 50011, 50010, and 50012.

Ames Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Ames, IA metropolitan area area was $856, which is 5.42% lower than 2014 average rent. This represents a compounded annual growth rate of 1.06%. 2019 vacancy in Ames, IA was 2.10%.

The total population of the city of Ames, IA has grown 13.89% since 2010. As of 2018, the population was 67,154. The median household income of the Ames was $46,127, which is 23.50% lower than the national average.

  • metropolitan area area Ames, IA
  • avg rent $856
  • rent growth 5.42%
  • vacancy 2.10%
  • median income $46,127
  • population (2018) 67,154
  • population growth 13.89%
  • vs. nat'l avg 23.50%
  • zip codes 50010 50011 50012 50013 50014

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