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Homebuyers and sellers are navigating a slow and expensive housing market, with rising prices and stagnant demand on the sidelines. This comes amid rising and growing . But luxury homes—multimillion-dollar estates, sleek penthouses, and one-of-a-kind custom builds—are , even as most buyers pull back.

Most people can't afford high-end homes, although they're still fun to dream about. So, to highlight where luxury real estate is commanding the highest prices, Redfin analyzed the most expensive neighborhoods in the Ames metro area—and showcased a few of the area's standout listings (when possible).

Note: Redfin's analysis focused on metro areas, meaning some neighborhoods fell within smaller nearby cities. Listings and data were gathered on October 15, 2025.

#1. College Creek (Ames, IA)

4518 Hemingway Dr, Ames, IA 50014
- List price: $483,000
- Beds: 4 | Baths: 2.75 | Square feet: 3,375
- See 4518 Hemingway Dr, Ames, IA 50014 on

4714 Todd Dr, Ames, IA 50014
- List price: $225,000
- Beds: 3 | Baths: 2.5 | Square feet: 1,640
- See 4714 Todd Dr, Ames, IA 50014 on

5014 Waller St, Ames, IA 50014
- List price: $347,000
- Beds: 0 | Baths: 3 | Square feet: 1,480
- See 5014 Waller St, Ames, IA 50014 on

822 Poe Ave, Ames, IA 50014
- List price: $319,900
- Beds: 3 | Baths: 2 | Square feet: 2,285
- See 822 Poe Ave, Ames, IA 50014 on

#2. South Campus Area (Ames, IA)

#3. North West Ames (Ames, IA)

1636 Johnson St, Ames, IA 50010
- List price: $315,000
- Beds: 4 | Baths: 3 | Square feet: 1,998
- See 1636 Johnson St, Ames, IA 50010 on

2003 Polk Dr, Ames, IA 50010
- List price: $420,000
- Beds: 6 | Baths: 3.5 | Square feet: 1,046
- See 2003 Polk Dr, Ames, IA 50010 on

#4. Stone Brooke (Ames, IA)

3917 Fletcher Ct, Ames, IA 50010
- List price: $320,900
- Beds: 3 | Baths: 2.25 | Square feet: 1,028
- See 3917 Fletcher Ct, Ames, IA 50010 on

#5. Iowa State University (Ames, IA)