Ankeny, IA—50023
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Ankeny, IA
Home Price Trends — Ankeny, IA
As of Oct '25, the median home price in Ankeny, IA is $352,000, with a year-over-year change of 2.2%. This indicates that home prices in Ankeny, IA are increasing. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $352,000 | 2.2% |
| Single Family | $365,000 | 2.2% |
| Condos | $223,000 | 3.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $217,000 | 3.3% |
3 Bed | $321,000 | 2.6% |
4 Bed | $408,000 | 1.7% |
| 5 Bed | $510,000 | 1.6% |
% of Housing Stock
Rental Trends — Ankeny, IA
As of July '25, Rentcast reports the average rent in Ankeny, IA is $1,530, with a year-over-year rent change of -9.5%. Per bedroom, the median rent as of July '25 in Ankeny, IA is studios: $1,400, 1-bedrooms: $955, 2-bedrooms: $1,350, 3-bedrooms: $2,030, 4-bedrooms: $2,440. The most common rental property sizes in Ankeny, IA are 2-bedroom and 1-bedroom, accounting for 37.8% and 33.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,530 |
| Studio Rent | $1,150 | $1,400 |
| 1 Bed Rent | $895 | $955 |
| 2 Bed Rent | $1,400 | $1,350 |
| 3 Bed Rent | $2,050 | $2,030 |
| 4 Bed Rent | $2,500 | $2,440 |
% of Rental Stock
Property Listings — Ankeny, IA
As of Oct '25, Realtor.com reports that the median days on market for a home in Ankeny, IA is 59. This is a decrease of -3.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $380,000 | -4.0% |
Listing Count | 312 | -5.0% |
| Listings as % of Homes | 1.7% | -5.0% |
Days on Market | 59 | -3.0% |
Demographics — Ankeny, IA
As of the latest ACS Survey released in 2023, Ankeny, IA has a population of 45,300, which has increased by 24.2% over the past 5 years. Ankeny, IA is a popular place for families, as children make up 28.5% of the population. The area has a highly educated workforce, with 55.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 45,300 | 24.2% |
% Under 18 | 28.5% | 6.3% |
% Seniors | 10.3% | 9.6% |
% WFH | 16.3% | 201.9% |
% w/ College Degree | 55.3% | 15.2% |
As of the latest ACS Survey released in 2023, Ankeny, IA is a predominantly white area, with 90.4% of the population identifying as white. The white population has shrunk by 1.6% in the last 5 years. The second most common race or ethnicity in Ankeny, IA is asian, making up 2.9% of the population. Foreign-born residents account for 4.0% of the population in Ankeny, IA, and this percentage has increased by 42.9% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 90.4% | -1.6% |
% Black | 1.3% | -7.1% |
% Hispanic | 2.6% | -10.3% |
% Asian | 2.9% | 70.6% |
% Foreign Born | 4.0% | 42.9% |
Mortgage and Risk — Ankeny, IA
According to HUD data as of 2023, there were 1594 mortgage originations in Ankeny, IA, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Ankeny, IA. Investor activity is low, as 4.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,594 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Ankeny, IA
As of 2024, the percent of homes in Ankeny, IA under the Section 8 program is 1.2%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Ankeny, IA, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 71 |
Total Units Section 8 | 57 |
% Rentals under Section 8 | 1.2% |
% Occupied Section 8 | 80.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $235 | $895 | $1,130 |
| 2 Bedroom | -$50 | $1,400 | $1,350 |
| 3 Bedroom | -$240 | $2,050 | $1,810 |
| 4 Bedroom | -$680 | $2,500 | $1,820 |
Affordability — Ankeny, IA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $352,000 |
| Median Household Income | $114,000 |