51047
Peterson, Iowa.
Peterson, Clay County, IA · Spencer, IA metro · population 693
to buy the typical home at today's mortgage rate — +$524 (+146%) since Jan 2020.
- 1 year
- Up $11,158 +7%
- $157,037$168,195 since Sep 2025
- 5 years
- Up $53,172 +46%
- $115,023$168,195 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- 51047$883
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 9 years.
Typical home values in zip 51047 rose 7.1% over the past year — faster than the nation's +1.2%.
This zip spans 4 counties: Clay County, IA 55% · Buena Vista County, IA 27% · Cherokee County, IA 13% · O Brien County, IA 5%
Zillow also publishes an index for the city itself: Peterson, IA — measured over the city limits, which is a different area from this zip.
Typical home value — 51047
Mid-tier homes, smoothed and seasonally adjusted.
- 51047$168,195
- Spencer$195,991
- United States$366,157
Within 20 miles
| Miles sorted ascending, activate to sort descending | Zip activate to sort by Zip | City activate to sort by City | Population activate to sort by Population | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|---|
| 5.4 | 51033 | Linn Grove | 421 | — | $200,722 |
| 6.5 | 51058 | Sutherland | 1,096 | — | $159,576 |
| 9.5 | 51357 | Royal | 910 | — | $131,680 |
| 9.9 | 51029 | Larrabee | 261 | — | $119,813 |
| 11.1 | 50585 | Sioux Rapids | 1,080 | — | $171,071 |
| 12.9 | 50576 | Rembrandt | 277 | — | $150,233 |
| 13.6 | 51343 | Greenville | 172 | — | $174,852 |
| 15.2 | 51005 | Aurelia | 1,561 | — | $176,858 |
| 15.8 | 51245 | Primghar | 1,377 | — | $186,686 |
| 16.3 | 51037 | Meriden | 327 | — | $178,245 |
| 16.4 | 51046 | Paullina | 1,326 | — | $179,346 |
| 16.5 | 51002 | Alta | 2,787 | — | $209,554 |
| 16.7 | 51012 | Cherokee | 6,311 | — | $148,662 |
| 17.7 | 51366 | Webb | 245 | — | $189,863 |
| 18.1 | 51346 | Hartley | 2,247 | — | $177,949 |
| 18.4 | 51301 | Spencer | 12,638 | — | $198,888 |
| 18.8 | 51338 | Everly | 852 | — | $164,566 |
| 19.0 | 50565 | Marathon | 380 | — | $107,884 |
Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.