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Okoboji city, IA

ZIP 51355 — Housing & Real Estate

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

Working ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 51355

Median Home Value
$441,400
Median Rent
$778
Affordability Snapshot
$121,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,835/mo PITI).

16%
Rent-to-Income Ratio

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

7.7x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

47.3 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 51355 in Okoboji city, IA, a household would need roughly $121,000 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 $2,835. That is about 110% above the local median household income ($57,569), 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 64% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
71.4%+9% vs US avg
x
Vacancy Rate
64.5%+526% vs US avg
x
Broadband Access
89.0%+2% vs US avg
x
4+ Bedrooms
16.4%+11% vs US avg
x
Built Pre-1939
4.9%-61% vs US avg
x
Built Post-2014
1.2%-82% vs US avg
x
Rent Burden >30%
22.0%-56% vs US avg
x
Mortgage-Free
66.4%+74% vs US avg
x
$441,400
Home Value
$778
Rent
1977
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

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

  • 1-unit detached54.2%
  • 1-unit attached3.6%
  • 2-9 units14.4%
  • 10+ units17.2%
  • Mobile home & other10.6%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$441,400
Median rent$778
Owner-occupied71.4%
Vacant64.5%
Price-to-income7.7x
Est. income to buy$121,000