Mortgage payment estimates, closing cost breakdowns, and homebuying data for Ames, Iowa.
Pre-filled with Ames median home price and Iowa tax/insurance rates. Adjust for your property.
Estimated closing costs based on Iowa rates and fees applied to Ames prices.
The median home price in Ames is $265,000, 26% above the Iowa state median of $210,000. With a population of 66,427, Ames is a smaller market where home prices reflect strong demand and local economic factors.
Property taxes in Iowa average 1.52% annually. This higher-than-average tax rate means a $265,000 home in Ames would carry roughly $336/month in property taxes alone — plan accordingly. Homeowners insurance in Iowa runs approximately $1,800 per year. This is within the normal range nationally.
Average rent in Ames is $1,080/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.
Ames presents moderate affordability. The $265K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.