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