1370 SW Magazine Rd #309 · Ankeny, IA 50023

$144,900

2 bd · 2.0 ba · 1,403 sqft · Condo · 133 Days on market

55+ age-restricted Built 2014 Good condition $103/sqft · 10% below area Est $162k · 10% under $2076/mo HOA · 127% of rent

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Why this score? — see what drove the D+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• ARV discount +12.2/15.0
• Schools +7.8/10.0
• Cash flow +7.5/30.0
• 1% rule +5.6/10.0
• Livability +4.6/5.0
• Condition / age +4.0/5.0
• Rent growth +2.7/5.0
• DSCR +2.5/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome home to Vintage Hills Cooperative where comfort, community and carefree living come together beautifully. This gorgeous Hickory plan offers 1400 sq feet of living space with 2 spacious bedrooms, 2 baths, a den and in-unit laundry room. You'll love the many upgrades (all appliances stay) and plentiful natural light throughout this incredible floor plan. Vintage Hills is a 55+community that offers a truly unique ownership opportunity and lifestyle, blending the benefits of condo living with the convenience of a cooperative without the high costs of traditional senior independent living. Residents enjoy maintenance-free living and a full calendar of weekly social events, along with amenities such as a centrally located elevator, exercise room, workshop, community room, underground heated parking, carwash bay, a cozy library and lovely outdoor garden spaces. There are also on-site guest rooms available for for overnight guests (small fee) and conference meeting rooms for smaller gatherings. Located in Ankeny's desirable Prairie Trail development just minutes from scenic trails, shopping, dining, recreation, public library, parks and entertainment. This is more than a condo! It's a welcoming community. Don't miss this wonderful opportunity!

Key facts

• Exercise room
• In unit laundry room
• Community room

Tags

• IN UNIT LAUNDRY ROOM
• CENTRALLY LOCATED ELEVATOR
• EXERCISE ROOM
• COMMUNITY ROOM
• UNDERGROUND HEATED PARKING
• CARWASH BAY

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $145k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-2k ($-21k/yr) — negative.
• Rent doesn't cover operating costs at any purchase price — skip.
• Meets the 1% rule at list price ($2k rent vs $145k).
• Recommended offer: $128k (12.0% below list) — sets the bar for market timing.
• Cap rate -8.5% vs local median 2.9% in Ankeny — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.

Location & tenants

• Location reads 92/100 on livability (#3 in IA, #29 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, employment A+, housing A+; Watch: commute C-.
• Ankeny Community School District (suburban): math 80% / reading 82% proficiency, ranked #15 of 289 in IA (top 5%) — strong family-tenant draw, lease renewals of 3-5y typical; only 10% free/reduced lunch — higher-income household profile.
• Zoned schools: Parkview Middle School (math 76% / reading 83%, grade A+, #35 of 246 statewide, top 16%, 867 students, 23% FRL); Ankeny High School (math 77% / reading 84%, grade A, #30 of 336 statewide, top 9%, 1,347 students, 20% FRL).
• Market conditions: Rents flat; 671 active listings in the ZIP; 21 comparable units currently listed for rent nearby; rentals at typical pace (median 16d on market — plan ~3-4 weeks tenant-placement turnaround); high-income renter base; 2,953 units permitted in Polk County in 2024 (540 in 5+ unit buildings).
• This rent is only 17% of the median local income ($118k/yr) — well below the 30% rent-burden line; pricing power to push rent on renewal without tenant pushback.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Polk County population projected at +37% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 133 days — a 12% lower offer ($128k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 2y ago; this cycle's ask has dropped $14k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: HOA is 127% of rent.

Recommended offer $127,512 (12.0% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 133 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
8. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
9. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
10. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
11. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.13% ✓
• Cap rate: -8.50%
• Cash-on-cash: -52.84%
• DSCR: -1.35
• GRM: 7.4

CMA / ARV

• ARV (median comp): $161,815
• List price: $144,900
• Delta: -10.45%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
705 NW Stratford Ct	1.47mi	3/2.5 (+1)	1,400 (-0%)	1mo	$332,500	$238	57
3208 SW Olde Ivy Cir	1.44mi	3/2.0 (+1)	1,377 (-2%)	1mo	$285,000	$207	56
3023 SW Applewood St	1.44mi	3/3.5 (+1)	1,470 (+5%)	0mo	$329,000	$224	46
2310 SW Parkway Ln	1.25mi	3/2.5 (+1)	1,509 (+8%)	1mo	$300,000	$199	45
2314 SW Parkway Ln	1.25mi	3/2.5 (+1)	1,509 (+8%)	1mo	$300,000	$199	45
3035 SW Arlan Ln	1.27mi	2/2.0	1,056 (-25%)	0mo	$179,500	$170	40
3008 SW Westview Ln	1.20mi	2/2.0	1,707 (+22%)	1mo	$380,000	$223	40
2716 SW 24th Ln	1.18mi	3/2.5 (+1)	1,566 (+12%)	1mo	$300,000	$192	38
2203 SW Vintage Pkwy	0.66mi	3/3.0 (+1)	1,611 (+15%)	1mo	$405,000	$251	35
609 SW Cherry St	0.80mi	3/1.5 (+1)	1,602 (+14%)	0mo	$270,500	$169	34
313 SW Logan St	1.17mi	3/1.0 (+1)	1,153 (-18%)	0mo	$275,000	$239	31
2712 SW Westview Ln	1.09mi	3/3.0 (+1)	1,707 (+22%)	1mo	$430,000	$252	30

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 0.75% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: -2.44×
• Total profit: $-139,590
• Equity at exit: $21,605

10-year hold

• IRR: —
• Equity multiple: -5.83×
• Total profit: $-276,985
• Equity at exit: $12,528

Cash invested: $40,572 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 83 Strongly Landlord-Friendly
• State Iowa: 83 Strongly Landlord-Friendly · R+6
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; mostly landlord-friendly statewide.

Methodology + full state rankings →

Active competition Active MLS

• For sale now: 1 active
• Median asking: $121,475 ($108/sqft)
• Median days on market: 150 d
• This list price: 100% of active listings are priced below it
• ARV vs active asking: +7.1% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 50023

• Rents YoY: 0.8%
• Active inventory: 671
• Price-to-rent: 7.4×

Monthly cashflow live

• Estimated rent: $1,634 high
• Mortgage (P&I): −$760
• Tax est. 1.5%: −$181 /mo · $2,174/yr
• Insurance: −$60
• HOA: −$2,076
• Vacancy / Maint / Mgmt: −$343
• Net cashflow: $-1,787

Break-even live

Break-even rent $3,895

Max offer price —

Occupancy floor —

Sensitivity live

Price	-10% $-1,687	-5% $-1,737	+0% $-1,787	+5% $-1,837	+10% $-1,887
Rent	-10% $-1,916	-5% $-1,851	+0% $-1,787	+5% $-1,722	+10% $-1,658
Rate	-1.0pp $-1,714	-0.5pp $-1,750	base $-1,787	+0.5pp $-1,824	+1.0pp $-1,862

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $36,225
• Closing costs: $4,347
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 21 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1206 SW Franklin Dr Ankeny, IA	1.0	1.0	940	$1,295	$1.38	72d	1	0.20mi
1380 SW District Dr Ankeny, IA	1.0–2.0	1.0–2.0	895	$1,600	$1.79	16d	9	0.20mi
1010 SW Magazine Rd Ankeny, IA	1.0–2.0	1.0–2.0	1080	$3,015	$2.79	63d	56	0.21mi
1370 SW Radcliffe Ln Ankeny, IA	2.0	2.0	1457	$2,126	$1.46	15d	10	0.27mi
1108 SW 11th St Ankeny, IA	1.0–2.0	1.0–2.0	1053	$1,848	$1.75	16d	19	0.29mi
1205 SW Merchant St Ankeny, IA	1.0–2.0	1.0–2.0	875	$1,950	$2.23	15d	11	0.36mi
1155 SW Prairie Trail Pkwy Ankeny, IA	1.0–2.0	1.0–2.0	790	$1,950	$2.47	15d	75	0.44mi
548 SW Heritage Ln Ankeny, IA	3.0	2.5	1500	$800	$0.53	72d	1	0.61mi
221 SW Scott St Ankeny, IA	3.0	2.0	1336	$1,795	$1.34	16d	1	0.98mi
2333 SW Plaza Pkwy Ankeny, IA	2.0	1.0–2.0	862	$1,579	$1.83	15d	15	1.00mi
1210 SW 28th St Ankeny, IA	1.0–3.0	1.0–3.0	1060	$1,525	$1.44	15d	1	1.09mi
905 SW 28th St Ankeny, IA	1.0–3.0	1.0–2.0	982	$1,343	$1.37	15d	16	1.14mi
2711 SW 24th Ln Ankeny, IA	3.0	2.5	1532	$2,050	$1.34	15d	2	1.17mi
3011 SW Sharmin Ln Ankeny, IA	2.0	2.0	1056	$1,440	$1.36	93d	1	1.27mi
3044 SW Sharmin Ln Ankeny, IA	2.0	2.0	1056	$1,475	$1.40	93d	1	1.30mi
2001 Summer Park Dr Unit 140 Ankeny, IA	3.0	2.0	1196	$1,549	$1.30	72d	1	1.34mi
1960 Four Seasons Dr Unit 153 Ankeny, IA	3.0	2.0	1216	$1,449	$1.19	16d	1	1.36mi
1961 Four Seasons Dr Unit 172 Ankeny, IA	3.0	2.0	1216	$1,349	$1.11	16d	1	1.38mi
2130 Four Seasons Dr Unit 36 Ankeny, IA	3.0	2.0	1408	$1,479	$1.05	72d	1	1.39mi
3142 SW Sharmin Ln Ankeny, IA	2.0	2.0	1056	$1,400	$1.33	15d	1	1.39mi
3181 SW Sharmin Ln Ankeny, IA	2.0	2.0	1056	$1,495	$1.42	63d	1	1.40mi

HOA detail $2,076/mo · $24,912/yr condo

• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 46 events

1. 2026-07-22
   days on market $144,900 Active 133 DOM
2. 2026-07-21
   days on market $144,900 Active 132 DOM
3. 2026-07-18
   days on market $144,900 Active 129 DOM
4. 2026-07-16
   days on market $144,900 Active 127 DOM
5. 2026-07-16
   days on market $144,900 Active 126 DOM
6. 2026-07-14
   days on market $144,900 Active 125 DOM
7. 2026-07-13
   days on market $144,900 Active 124 DOM
8. 2026-07-12
   days on market $144,900 Active 123 DOM
9. 2026-07-11
   days on market $144,900 Active 122 DOM
10. 2026-07-10
    days on market $144,900 Active 121 DOM
11. 2026-07-09
    days on market $144,900 Active 120 DOM
12. 2026-07-07
    days on market $144,900 Active 118 DOM
13. 2026-07-06
    days on market $144,900 Active 117 DOM
14. 2026-07-05
    days on market $144,900 Active 116 DOM
15. 2026-07-04
    days on market $144,900 Active 115 DOM
16. 2026-07-03
    days on market $144,900 Active 114 DOM
17. 2026-07-02
    days on market $144,900 Active 113 DOM
18. 2026-07-01
    days on market $144,900 Active 112 DOM
19. 2026-06-30
    days on market $144,900 Active 111 DOM
20. 2026-06-29
    days on market $144,900 Active 110 DOM
21. 2026-06-28
    days on market $144,900 Active 109 DOM
22. 2026-06-28
    days on market $144,900 Active 108 DOM
23. 2026-06-27
    days on market $144,900 Active 107 DOM
24. 2026-06-25
    days on market $144,900 Active 105 DOM
25. 2026-06-23
    days on market $144,900 Active 103 DOM
26. 2026-06-21
    days on market $144,900 Active 102 DOM
27. 2026-06-18
    days on market $144,900 Active 99 DOM
28. 2026-06-17
    days on market $144,900 Active 98 DOM
29. 2026-06-16
    days on market $144,900 Active 97 DOM
30. 2026-06-15
    days on market $144,900 Active 96 DOM
31. 2026-06-14
    days on market $144,900 Active 94 DOM
32. 2026-06-13
    days on market $144,900 Active 93 DOM
33. 2026-06-10
    days on market $144,900 Active 91 DOM
34. 2026-06-09
    days on market $144,900 Active 90 DOM
35. 2026-06-08
    days on market $144,900 Active 89 DOM
36. 2026-06-07
    days on market $144,900 Active 88 DOM
37. 2026-06-03
    days on market $144,900 Active 84 DOM
38. 2026-06-02
    days on market $144,900 Active 83 DOM
39. 2026-06-01
    days on market $144,900 Active 82 DOM
40. 2026-05-31
    days on market $144,900 Active 81 DOM
41. 2026-05-31
    days on market $144,900 Active 80 DOM
42. 2026-03-11
    listed $158,780 Active 1263-char remark

    Show marketing remark (1263 chars)

    Welcome home to Vintage Hills Cooperative where comfort, community and carefree living come together beautifully. This gorgeous Hickory plan offers 1400 sq feet of living space with 2 spacious bedrooms, 2 baths, a den and in-unit laundry room. You'll love the many upgrades (all appliances stay) and plentiful natural light throughout this incredible floor plan. Vintage Hills is a 55+community that offers a truly unique ownership opportunity and lifestyle, blending the benefits of condo living with the convenience of a cooperative without the high costs of traditional senior independent living. Residents enjoy maintenance-free living and a full calendar of weekly social events, along with amenities such as a centrally located elevator, exercise room, workshop, community room, underground heated parking, carwash bay, a cozy library and lovely outdoor garden spaces. There are also on-site guest rooms available for for overnight guests (small fee) and conference meeting rooms for smaller gatherings. Located in Ankeny's desirable Prairie Trail development just minutes from scenic trails, shopping, dining, recreation, public library, parks and entertainment. This is more than a condo! It's a welcoming community. Don't miss this wonderful opportunity!

43. 2024-05-13
    soldstatus $145,000 Closed 1495-char remark

    Show marketing remark (1495 chars)

    One of Ankeny's Best! Spacious and Great location within walking distance to all Prairie Trail has to offer; Theater, Library, Shops, Restaurants and all it's scheduled festivities! Vintage Cooperative of Ankeny is an independent Senior Living Community for 55 plus. This spacious 3rd floor unit has a great room plan, (Hickory Suite), provides 1,403 sq. ft. of living area. Included are a specious Master Bedroom, walk-in closet as well as a second bedroom with 3/4 bath shared with the bright cheery living room with vaulted ceiling including the dinning area, a large storage laundry room, the den is a bonus, kitchen has multiple cabinets and plenty of counter space and covered terrace/patio for grilling or visiting with friends. Parking stall in the lower level with storage unit over the parking spot. The lower level of this Coop also has a large workshop that may be used by all residents plus a car wash! You have a choice of elevator or/and stairs, a workout room, library, guest room that may be reserved for your guests for a modest fee, large dining room as well a smaller dinning/conference room plus large patio and individual unit decks. Be sure to find out all the advantages of this great Cooperative Community! Call today for an appointment. This may be just what you are looking for with full time maintenance, security, cleaning and on site management. This unit is ready to move in!! All appliances stay as well the washer/dryer. New carpet and everything looks new!

44. 2024-05-10
    status Pending 1495-char remark

    Show marketing remark (1495 chars)

    One of Ankeny's Best! Spacious and Great location within walking distance to all Prairie Trail has to offer; Theater, Library, Shops, Restaurants and all it's scheduled festivities! Vintage Cooperative of Ankeny is an independent Senior Living Community for 55 plus. This spacious 3rd floor unit has a great room plan, (Hickory Suite), provides 1,403 sq. ft. of living area. Included are a specious Master Bedroom, walk-in closet as well as a second bedroom with 3/4 bath shared with the bright cheery living room with vaulted ceiling including the dinning area, a large storage laundry room, the den is a bonus, kitchen has multiple cabinets and plenty of counter space and covered terrace/patio for grilling or visiting with friends. Parking stall in the lower level with storage unit over the parking spot. The lower level of this Coop also has a large workshop that may be used by all residents plus a car wash! You have a choice of elevator or/and stairs, a workout room, library, guest room that may be reserved for your guests for a modest fee, large dining room as well a smaller dinning/conference room plus large patio and individual unit decks. Be sure to find out all the advantages of this great Cooperative Community! Call today for an appointment. This may be just what you are looking for with full time maintenance, security, cleaning and on site management. This unit is ready to move in!! All appliances stay as well the washer/dryer. New carpet and everything looks new!

45. 2024-04-17
    price $149,500 1495-char remark

    Show marketing remark (1495 chars)

    One of Ankeny's Best! Spacious and Great location within walking distance to all Prairie Trail has to offer; Theater, Library, Shops, Restaurants and all it's scheduled festivities! Vintage Cooperative of Ankeny is an independent Senior Living Community for 55 plus. This spacious 3rd floor unit has a great room plan, (Hickory Suite), provides 1,403 sq. ft. of living area. Included are a specious Master Bedroom, walk-in closet as well as a second bedroom with 3/4 bath shared with the bright cheery living room with vaulted ceiling including the dinning area, a large storage laundry room, the den is a bonus, kitchen has multiple cabinets and plenty of counter space and covered terrace/patio for grilling or visiting with friends. Parking stall in the lower level with storage unit over the parking spot. The lower level of this Coop also has a large workshop that may be used by all residents plus a car wash! You have a choice of elevator or/and stairs, a workout room, library, guest room that may be reserved for your guests for a modest fee, large dining room as well a smaller dinning/conference room plus large patio and individual unit decks. Be sure to find out all the advantages of this great Cooperative Community! Call today for an appointment. This may be just what you are looking for with full time maintenance, security, cleaning and on site management. This unit is ready to move in!! All appliances stay as well the washer/dryer. New carpet and everything looks new!

46. 2024-03-26
    listed $154,800 Active 1495-char remark

    Show marketing remark (1495 chars)

    One of Ankeny's Best! Spacious and Great location within walking distance to all Prairie Trail has to offer; Theater, Library, Shops, Restaurants and all it's scheduled festivities! Vintage Cooperative of Ankeny is an independent Senior Living Community for 55 plus. This spacious 3rd floor unit has a great room plan, (Hickory Suite), provides 1,403 sq. ft. of living area. Included are a specious Master Bedroom, walk-in closet as well as a second bedroom with 3/4 bath shared with the bright cheery living room with vaulted ceiling including the dinning area, a large storage laundry room, the den is a bonus, kitchen has multiple cabinets and plenty of counter space and covered terrace/patio for grilling or visiting with friends. Parking stall in the lower level with storage unit over the parking spot. The lower level of this Coop also has a large workshop that may be used by all residents plus a car wash! You have a choice of elevator or/and stairs, a workout room, library, guest room that may be reserved for your guests for a modest fee, large dining room as well a smaller dinning/conference room plus large patio and individual unit decks. Be sure to find out all the advantages of this great Cooperative Community! Call today for an appointment. This may be just what you are looking for with full time maintenance, security, cleaning and on site management. This unit is ready to move in!! All appliances stay as well the washer/dryer. New carpet and everything looks new!

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥104°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,606
• − Mortgage interest: −$8,117
• − Property taxes: −$2,174
• − Insurance: −$724
• − Repairs & maintenance: −$1,568
• − Management: −$1,568
• − HOA: −$24,912
• − Depreciation: −$4,215
• Taxable loss: −$23,673
• Est. tax savings @ 24.0%: +$5,682
• After-tax cash flow: $-15,758/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 12 photos

Good 80/100 Cosmetic rehab Est. rehab $7,015–$21,045 screening

This 2-bedroom, 2-bathroom condo in Vintage Hills Cooperative is in good condition with modern amenities and a well-maintained exterior. It offers a good return on investment with updates that can further increase its value.

Value-add opportunities

• Both paint interior walls — fresh paint enhances curb appeal and interior aesthetics ↑
• Both replace carpet with hardwood flooring — hardwood flooring is more durable and adds value ↑
• Both install new kitchen appliances — newer appliances improve functionality and appeal ↑

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

B Composite school gradezoned avg 78/100

Zoned Schools

Elementary Heritage Elementary A IA #177/616 Nat'l #2,730/41,679 Middle Parkview Middle School A+ IA #35/246 Nat'l #292/14,009 High Ankeny High School A IA #30/336 Nat'l #1,058/17,239

Schools (NCES district)

• District: Ankeny Community School District
• NCES district ID: 1903690
• Math proficiency: 80% ▼ -5.00%
• Reading proficiency: 82% ▬ 0.00%
• Median HH income: $75,384
• Composite: 70.91/100
• National rank: #246
• State rank: #15 of 289 in IA

A Composite livability gradescore 92/100

Livability — Ankeny

• Score: 92/100
• State rank: #3
• US rank: #29

Category grades

Amenities A+ Commute C- Cost of living A- Crime A Employment A+ Housing A+ Health & safety A+ User ratings B+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Ankeny, IA
• County: Polk County · 548,042 people
• City population: 76,589
• Metro: Des Moines-West Des Moines, IA
• Population (ZIP): 46,306
• Household income: $117,826
• Rent vs Own: 28.5% rent · 71.5% own
• Severe rent burden: 7% of renters

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Population outlook (Polk County) Hauer SSP2

• Today (2025): 548,042 people
• By 2030: 588,557 · +7.4%
• By 2040: 670,629 · +22.4%
• By 2050: 752,830 · +37.4%
• By 2075: 955,069 · +74.3%
• By 2100: 1,115,436 · +103.5%

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Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (90%)
• Race & ethnicity: White 90% Two or more races 4% Asian 3% Hispanic / Latino 3% Black 1%
• Common ancestry: Portuguese 6% Iranian 3% Slovak 2%
• Foreign-born: 4% · Canada, South Korea, Vietnam
• Languages at home: 93% English-only · Spanish 2% Other Asian/Pacific 2% Russian/Polish/Slavic 1%

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Political lean MEDSL · Polk

• 2024 margin: D (+10.9) · D 54.8% · R 43.9% · Other 1.3%
• 2008→2024 swing: -3.7pp toward R · 2008: 14.6pp · 2024: 10.9pp
• All cycles: 2024: D+10.9 2020: D+15.2 2016: D+11.5 2012: D+14.2 2008: D+14.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -135.67%
• Current HPI: 215.1034
• Rent YoY: ▲ 0.75%
• Metro: Des Moines-West Des Moines, IA
• State GDP YoY: ▲ 2.48%
• F500 in state: 4

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Industry mix (Fortune 500 HQ in IA)

Industry	F500 HQs	Revenue
▸Financial Services	1	$16B
▸Retail / Convenience	1	$15B

Price history

+2.6% since first listed

5 events — show timeline

• 2026-03-11 Listed $158,780 DMMLS
• 2024-05-13 Sold (MLS) $145,000 DMMLS
• 2024-05-10 Pending — DMMLS
• 2024-04-17 Price Changed $149,500 DMMLS
• 2024-03-26 Listed $154,800 DMMLS