US5.com
  1. Home
  2. States
  3. Iowa
  4. ZIP 51331
  5. Housing & Real Estate
Arnolds Park city, IA

ZIP 51331 — 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 51331

Median Home Value
$415,800
Median Rent
$568
Affordability Snapshot
$114,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,671/mo PITI).

8%
Rent-to-Income Ratio

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

4.9x
Home Price-to-Income Ratio

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

61.0 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 51331 in Arnolds Park city, IA, a household would need roughly $114,000 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 $2,671. That is about 35% above the local median household income ($84,615), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 68% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
87.5%+34% vs US avg
x
Vacancy Rate
68.3%+563% vs US avg
x
Broadband Access
94.4%+8% vs US avg
x
4+ Bedrooms
2.7%-82% vs US avg
x
Built Pre-1939
3.3%-74% vs US avg
x
Built Post-2014
1.0%-86% vs US avg
x
Rent Burden >30%
25.0%-50% vs US avg
x
Mortgage-Free
50.7%+33% vs US avg
x
$415,800
Home Value
$568
Rent
1994
Year Built
2012
Moved In

Residents have lived here since ~2012 on average

Housing Structure

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

  • 1-unit detached57.1%
  • 1-unit attached6.2%
  • 2-9 units8.4%
  • 10+ units13.4%
  • Mobile home & other14.9%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$415,800
Median rent$568
Owner-occupied87.5%
Vacant68.3%
Price-to-income4.9x
Est. income to buy$114,000