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Underwood city, IA

ZIP 51576 — Housing & Real Estate

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

Upper Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 51576

Median Home Value
$291,500
Median Rent
$680
Affordability Snapshot
$80,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,873/mo PITI).

8%
Rent-to-Income Ratio

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

2.7x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

35.7 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 51576 in Underwood city, IA, a household would need roughly $80,000 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 $1,873. That sits below the local median household income ($107,679), 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
90.0%+38% vs US avg
x
Vacancy Rate
6.9%-33% vs US avg
x
Broadband Access
93.1%+7% vs US avg
x
4+ Bedrooms
4.7%-69% vs US avg
x
Built Pre-1939
1.5%-89% vs US avg
x
Built Post-2014
0.3%-96% vs US avg
x
Rent Burden >30%
7.1%-86% vs US avg
x
Mortgage-Free
41.2%+8% vs US avg
x
$291,500
Home Value
$680
Rent
1983
Year Built
2010
Moved In

Residents have lived here since ~2010 on average

Housing Structure

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

  • 1-unit detached92.5%
  • 1-unit attached0.3%
  • 2-9 units6.8%
  • 10+ units0.4%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$291,500
Median rent$680
Owner-occupied90.0%
Vacant6.9%
Price-to-income2.7x
Est. income to buy$80,000