Published 11 hours ago • loading... • Updated 11 hours ago
Cities with the fastest-growing home prices in the Great Falls metro area
Zillow data show some cities posted double-digit gains over five years as limited housing supply kept prices climbing.
A new Stacker report identified the fastest-growing home prices in the Ames, IA, metro area, analyzing significant shifts in local real estate values.
Limited housing supply and intense buyer competition have driven price increases across the region, as demand for affordable properties remains high.
Data reveals Kelley, IA, has the highest typical home value at $348,958, while Woodward, IA, saw a 1-year price surge of $15,566, a 5.4% increase.
Typical home values in Cambridge, IA, and Gilbert, IA, are $347,472 and $340,006, respectively, reflecting an upward trend in the Ames market since January 2018.
While the real estate frenzy spurred by the coronavirus pandemic continues, analysts note that increasing mortgage rates have slowed growth in the Ames market.