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Elliott city, IA

ZIP 51532 — 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 51532

Median Home Value
$91,400
Median Rent
$556
Affordability Snapshot
$25,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$587/mo PITI).

10%
Rent-to-Income Ratio

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

1.4x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

13.7 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 51532 in Elliott city, IA, a household would need roughly $25,000 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 $587. That sits below the local median household income ($67,174), 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 13% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
78.5%+20% vs US avg
x
Vacancy Rate
13.2%+28% vs US avg
x
Broadband Access
90.8%+4% vs US avg
x
4+ Bedrooms
9.5%-36% vs US avg
x
Built Pre-1939
6.1%-52% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
1.6%-97% vs US avg
x
Mortgage-Free
58.3%+53% vs US avg
x
$91,400
Home Value
$556
Rent
1938
Year Built
2007
Moved In

Residents have lived here since ~2007 on average

Housing Structure

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

  • 1-unit detached93.3%
  • 1-unit attached0.0%
  • 2-9 units4.3%
  • 10+ units0.0%
  • Mobile home & other2.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$91,400
Median rent$556
Owner-occupied78.5%
Vacant13.2%
Price-to-income1.4x
Est. income to buy$25,000