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Red Oak city, IA

ZIP 51566 — Housing & Real Estate

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

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 51566

Median Home Value
$116,200
Median Rent
$649
Affordability Snapshot
$32,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$746/mo PITI).

13%
Rent-to-Income Ratio

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

2.0x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

14.9 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 51566 in Red Oak city, IA, a household would need roughly $32,000 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 $746. That sits below the local median household income ($58,264), 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
68.3%+4% vs US avg
x
Vacancy Rate
8.0%-22% vs US avg
x
Broadband Access
81.2%-7% vs US avg
x
4+ Bedrooms
4.3%-71% vs US avg
x
Built Pre-1939
8.4%-34% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
32.0%-36% vs US avg
x
Mortgage-Free
48.7%+27% vs US avg
x
$116,200
Home Value
$649
Rent
1958
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 detached82.1%
  • 1-unit attached0.5%
  • 2-9 units11.3%
  • 10+ units3.4%
  • Mobile home & other2.7%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$116,200
Median rent$649
Owner-occupied68.3%
Vacant8.0%
Price-to-income2.0x
Est. income to buy$32,000