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Carroll city, IA

ZIP 51401 — 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 51401

Median Home Value
$192,100
Median Rent
$626
Affordability Snapshot
$53,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,234/mo PITI).

12%
Rent-to-Income Ratio

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

3.0x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

25.6 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 51401 in Carroll city, IA, a household would need roughly $53,000 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 $1,234. That sits below the local median household income ($64,458), 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

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
69.2%+6% vs US avg
x
Vacancy Rate
6.6%-36% vs US avg
x
Broadband Access
85.7%-1% vs US avg
x
4+ Bedrooms
5.7%-61% vs US avg
x
Built Pre-1939
5.1%-60% vs US avg
x
Built Post-2014
0.1%-98% vs US avg
x
Rent Burden >30%
16.4%-67% vs US avg
x
Mortgage-Free
49.6%+30% vs US avg
x
$192,100
Home Value
$626
Rent
1970
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 detached73.7%
  • 1-unit attached4.9%
  • 2-9 units9.0%
  • 10+ units11.4%
  • Mobile home & other0.9%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$192,100
Median rent$626
Owner-occupied69.2%
Vacant6.6%
Price-to-income3.0x
Est. income to buy$53,000