Ankeny, Iowa Housing Market Prices
Ankeny Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 34% above the Iowa median$205,101
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Median rent 33% above the Iowa median$1,289
Housing Market Overview
| Metric | Ankeny | Iowa Avg | US Average |
|---|---|---|---|
| Median Home Price | $205,101 | $153,425 | $248,835 |
| Price Trend (Annual %) | 4.2% | 7.5% | 7.5% |
| Median Gross Rent | $1,289 | $971 | $1,407 |
| Rent Trend (Annual %) | 5.0% | 3.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Ankeny is about 34% higher than in Iowa. Rent is about 33% higher than the Iowa average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Ankeny, up about 4.2% and 5.0% a year respectively. Rent is changing faster.
Median rent in Ankeny rose about 61.9% between 2015 and 2024, from $796 to $1,289. Over the same span, rent in Iowa rose about 39.6%.
Affordability
On average, housing unit costs 2.0 yearly household incomes in Ankeny.
Buying the median-priced home in Ankeny costs roughly 13.3 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Ankeny. The price-to-rent ratio in Iowa is about 13.2.
| Metric | Ankeny | Iowa Avg | US Average |
|---|---|---|---|
| Median Home Price | $205,101 | $153,425 | $248,835 |
| Median Household Income | $101,583 | $75,133 | $80,455 |
| Price-to-Income Ratio | 2.0 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Ankeny rose about 158.0%, while median household income rose about 38.8% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Ankeny | Iowa Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 65.7% | 65.6% | 58.5% |
| Rental Rate | 29.7% | 25.9% | 31.2% |
| Vacancy Rate | 4.6% | 8.5% | 10.2% |
| Median Tenure (years) | 10.0 | 15.0 | 15.0 |
| Median Year Moved In | 2016 | 2011 | 2011 |
Ankeny has a homeownership rate of 65.7%, about the same as the Iowa average of 65.6%. Its housing vacancy rate is 4.6%, compared with 8.5% in Iowa.
Housing Stock
| Metric | Ankeny | Iowa Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.47 people | 2.37 people | 2.53 people |
| Median Structure Built Year | 1998 | 1971 | 1978 |
| Median Number of Rooms | 5.9 | 5.9 | 5.5 |
The typical housing unit in Ankeny was built around 1998. On average, 2.5 people live in a home with about 5.9 rooms, staying for about 10.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Ankeny, Iowa.
What is the median home price in Ankeny, Iowa?
The median home price in Ankeny, Iowa is $205,101, higher than the Iowa average of $153,425.
What is the average home price in Ankeny, Iowa?
The typical home price in Ankeny, Iowa, reported as the median sale price, is $205,101. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Ankeny, Iowa?
The median gross rent in Ankeny, Iowa is $1,289 per month, higher than the Iowa average of $971.
What was the median gross rent in Ankeny in 2020?
In 2020, the median gross rent in Ankeny, Iowa was $1,106 per month.
What is the price-to-rent ratio in Ankeny, Iowa?
The price-to-rent ratio in Ankeny, Iowa is about 13.3, meaning it would take roughly 13.3 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Ankeny.
Are home prices or rent rising faster in Ankeny, Iowa?
Both home prices and rent are rising in Ankeny, up about 4.2% and 5.0% a year respectively. Rent is changing faster.
What is the homeownership rate in Ankeny, Iowa?
65.7% of households in Ankeny, Iowa own their home, about the same as the Iowa average.
What is the vacancy rate in Ankeny, Iowa?
The housing vacancy rate in Ankeny, Iowa is 4.6%, lower than the Iowa average of 8.5%.
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