Median home value in zip code 51301 (Spencer, IA) is $191,321, up 6.2% year over year. Part of the Spencer, IA metropolitan area.

Home Value$191,321

YoY Change

+6.2%

Prices rising — worse for buyers.

Affordability

Enter your income for 51301 (Spencer).

Income (annual)

Down Payment

$38,264 on $191,321

Example: $75,000 household income. Change it above to see your own.

Affordable21.9% of income

Under the 28% guideline.

PITI$1,368

P/I21.9%

Afford$245K

Room+$53K

P&I $967Tax $250Ins $150

6.50% 30yr, 20% down, county tax + IA ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Metro Analysis

51301 is part of the Spencer, IA metropolitan area. See full stress scores, crash risk, early warning signals, and 12-month price forecast for the metro.

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