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Larchwood city, IA

ZIP 51241 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 51241

Median Home Value
$270,100
Median Rent
$691
Affordability Snapshot
$74,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,735/mo PITI).

9%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.0x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

32.6 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 51241 in Larchwood city, IA, a household would need roughly $74,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,735. That sits below the local median household income ($89,214), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 10% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
81.2%+24% vs US avg
x
Vacancy Rate
10.5%+2% vs US avg
x
Broadband Access
94.9%+9% vs US avg
x
4+ Bedrooms
16.2%+9% vs US avg
x
Built Pre-1939
2.0%-85% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
1.4%-97% vs US avg
x
Mortgage-Free
39.5%+3% vs US avg
x
$270,100
Home Value
$691
Rent
1977
Year Built
2011
Moved In

Residents have lived here since ~2011 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached92.6%
  • 1-unit attached0.6%
  • 2-9 units3.4%
  • 10+ units2.3%
  • Mobile home & other1.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$270,100
Median rent$691
Owner-occupied81.2%
Vacant10.5%
Price-to-income3.0x
Est. income to buy$74,000