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Spirit Lake city, IA

ZIP 51360 — 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 51360

Median Home Value
$256,000
Median Rent
$763
Affordability Snapshot
$70,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,644/mo PITI).

12%
Rent-to-Income Ratio

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

3.3x
Home Price-to-Income Ratio

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

28.0 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 51360 in Spirit Lake city, IA, a household would need roughly $70,000 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 $1,644. That is roughly in line with the local median household income ($77,464). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 36% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
73.8%+13% vs US avg
x
Vacancy Rate
35.5%+245% vs US avg
x
Broadband Access
86.7%-0% vs US avg
x
4+ Bedrooms
11.6%-22% vs US avg
x
Built Pre-1939
5.7%-56% vs US avg
x
Built Post-2014
1.9%-72% vs US avg
x
Rent Burden >30%
11.9%-76% vs US avg
x
Mortgage-Free
44.9%+17% vs US avg
x
$256,000
Home Value
$763
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 detached77.9%
  • 1-unit attached2.4%
  • 2-9 units8.9%
  • 10+ units4.1%
  • Mobile home & other6.8%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$256,000
Median rent$763
Owner-occupied73.8%
Vacant35.5%
Price-to-income3.3x
Est. income to buy$70,000