There are 296 homes for sale in Ames, and among this number are affordable homes. Three bedroom 1 bath homes start at $92,000 with 1159 sq. ft. This includes gas forced air heat and central air and a detached garage. A two bedroom 1 bath home is listed for $114,000 with 1188 sq.ft. This includes gas forced air heat and central air with a detached garage. A very attractive 3 bedroom 2 bath home with 1188 sq.ft. is listed for $134,000.
The average asking price in Ames currently is $275,000 which is considerably above the median sale price currently of $202,000. The most popular Zip code with the lowest average listing price of $177,000 is Zip 50248. The average listing price for Zip 50046 is $120,000 up from $107,000 2 weeks prior.
The prices are fluctuating rapidly in Ames with the trend being upward. So, the answer to the question of affordability is not only changing rapidly, but it is very subjective. One family may be able to afford the home listed for $134,000 while another family may only be able to afford the $92,000 home.
It is the job of the real estate agent to help the potential home buyer find the right Affordable Homes for Sale in Ames. This means that the agent should conduct an affordability analysis with the buyers to determine the price of the home the buyers can afford. Certainly, price affordability covers a range of analytical points including the buyers’ debt load and the stability of their employment. The amount of down payment figures into the buyers affordability plan.
However, Affordable Homes for Sale in Ames can be safely assumed to be the homes identified above. These homes are nice and they have some amenities. The square foot price is reasonable. Since these homes are the lowest priced in Ames that deliver the most value for the money, they are the affordable choices.
There are other homes that might be considered affordable in other parts of the town which are not close to schools and shopping. A buyer looking to purchase a home in Ames should make a want list of the necessities the home must have. This will help the agent decide on other homes that may appeal to the buyer and may be more affordable. Choose Furman Realty for this search.
