51301
Spencer, Iowa.
Spencer, Clay County, IA · Spencer, IA metro · population 12,638
to buy the typical home at today's mortgage rate — +$536 (+105%) since Jan 2020.
- 1 year
- Up $6,804 +4%
- $192,083$198,888 since Sep 2025
- 5 years
- Up $41,482 +26%
- $157,406$198,888 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.
- 51301$1,044
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 15 years.
Typical home values in zip 51301 rose 3.5% over the past year — faster than the nation's +1.2%.
Zillow also publishes an index for the city itself: Spencer, IA — measured over the city limits, which is a different area from this zip.
Typical home value — 51301
Mid-tier homes, smoothed and seasonally adjusted.
- 51301$198,888
- 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 |
|---|---|---|---|---|---|
| 6.0 | 51340 | Fostoria | 75 | — | $146,153 |
| 7.5 | 51333 | Dickens | 374 | — | $242,910 |
| 9.4 | 51357 | Royal | 910 | — | $131,680 |
| 9.5 | 51343 | Greenville | 172 | — | $174,852 |
| 9.5 | 51338 | Everly | 852 | — | $164,566 |
| 11.4 | 51351 | Milford | 4,988 | — | $342,168 |
| 12.9 | 51358 | Ruthven | 1,213 | — | $186,987 |
| 13.8 | 51364 | Terril | 803 | — | $180,628 |
| 14.6 | 51331 | Arnolds Park | 935 | — | $456,339 |
| 15.1 | 51366 | Webb | 245 | — | $189,863 |
| 15.8 | 51346 | Hartley | 2,247 | — | $177,949 |
| 16.4 | 51355 | Okoboji | 1,048 | — | $445,398 |
| 16.5 | 50515 | Ayrshire | 251 | — | $137,716 |
| 16.7 | 50585 | Sioux Rapids | 1,080 | — | $171,071 |
| 17.2 | 51033 | Linn Grove | 421 | — | $200,722 |
| 18.4 | 51047 | Peterson | 693 | — | $168,195 |
| 19.8 | 51360 | Spirit Lake | 8,653 | — | $404,195 |
| 19.9 | 51058 | Sutherland | 1,096 | — | $159,576 |
Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.