ZIP 51360 · Spirit Lake, IA · 8,561 residents · September 2026
Spirit Lake 51360: the market leans toward buyers.
Conditions easing in buyers' favor. Typical home value $406K, +2.7% over 12 months; listings take 57 days to sell against 60 in the median U.S. ZIP.
Market balanceSeptember 2026
Higher than 29% of scored ZIPs · #9,461 of 13,130 ZIPs with 5,000+ residents
Five parts, weighted. How the score works →
The reading
Where the balance sits this month and what moved it.
Month by month, since the gauge began
- Mar 2026−13
- Apr 2026−1
- May 2026−2
- Jun 2026−9
- Jul 2026−15
- Aug 2026—no reading on record
- Sep 2026−12
Each block is one month’s reading, −100 (buyers) to +100 (sellers). The series starts in March 2026. A dashed block has no reading on record. How the balance is measured →
What is pulling the needle
- 57 days on marketfaster than the U.S. median ZIP's 60 days
- 18% of listings cut pricefewer than the U.S. median ZIP's 20%
- Sale-to-list 95.9%homes close below asking · Redfin, May 2026
- 96 active listings+66% vs a year ago
Blue pulls toward buyers, orange toward sellers. Realtor.com, September 2026; Redfin, May 2026.
Cooling: prices +2.7% over the trailing year, with the market leaning toward buyers.
Asking price vs sale price
Zillow's figure is a smoothed index of typical value, not a list price; Redfin's are closed sales for the month shown.
Last 90 days
How the typical value and the listings moved over the last three months.
Prices
Typical home value since 2009, and how far it moved over each window.
Zillow ZHVI peaked at $412,824 in July 2026; the latest value is −1.5% from that peak, 1 months on. Since January 2019 it is +62.7%. The sharpest 12-month move was 0.0%, ending November 2025.
Zillow's typical home value here, $406K in August 2026, is 41% above the median U.S. ZIP's $289K. Over the 12 months to August 2026, Zillow's typical home value moved +2.7% here and +2.8% in the median U.S. ZIP.
Price tiers and bedrooms
Starter homes here rose 34% in five years while top-tier homes rose 44% (Zillow ZHVI tiers) — the top of the market outpaced the bottom.
3-bedroom homes here run 35% above 2-bedrooms (Zillow ZHVI by bedroom); the IA median premium is 40%.
Condos here are priced 4% above single-family homes (Zillow ZHVI by home type); over five years single-family rose 27% while condos rose 27%.
Zillow typical values by price tier, home type and bedrooms, August 2026.
How it ranks
Appreciation by window
| Window | Change | Per year | U.S. rank | Iowa rank |
|---|---|---|---|---|
| 1 year | +2.7% | +2.7%/yr | Higher than 58% nationally | Higher than 47% in Iowa |
| 3 years | +7.8% | +2.5%/yr | Higher than 52% nationally | Higher than 34% in Iowa |
| 5 years | +29.3% | +5.3%/yr | Higher than 70% nationally | Top 18% in Iowa |
| 10 years | +63.4% | +5.0%/yr | Higher than 26% nationally | Higher than 45% in Iowa |
| Since 2009 | +115.6% | +4.5%/yr | — | — |
Zillow ZHVI · rank among scored ZIPs
Forecast
Where the typical value is likely to be over the next 3 to 12 months, with the range the model has earned, and up to 36 months with Pro.
Last three years, then the forecast band
HavenScore Forecast Model (v1) · run October 1, 2026A forecast is a range, not a promise; the confidence word says how wide it is. How the forecast works →
Of the 3-month ranges we published since December 2025, 54% contained the actual price.
Zillow's own published forecast has this ZIP's typical value rise 1.6% over the twelve months from August 2026 (Zillow Home Value Forecast).
Payment
What a typical home here costs each month, against the typical income.
Monthly payment
$3,30451% of the median household income here ($77,464)Above the 36% line lenders use for total debt, for a median earner here. Rate is the Freddie Mac average for September 2026; tax is the state's statutory rate.
Insurance uses the average homeowners premium insurers reported for this ZIP in 2022, $1,929 a year (Treasury Federal Insurance Office).
Buying costs $2,184 a month more than the HUD fair market rent for a 2-bedroom here (FY 2026), before tax effects and maintenance.
Like for like: the HUD fair market rent for a 3-bedroom here is $1,350 a month (FY 2026), against a typical 3-bedroom value of $410K (Zillow, August 2026) — a 4.0% gross rent yield.
Price-to-income ladder
Median home value ÷ median household income · Zillow ZHVI, Census ACS · under 4× has historically been comfortable
The place
What it costs to own here beyond the price, and what the neighborhood is like.
Typical homes cost 5.3× the median household income here, against 3.2× in the median IA ZIP and 4.3× in the median U.S. ZIP (Zillow, August 2026; Census ACS 2023). Median household income is $77,464 here, against $71,388 in the median U.S. ZIP (Census ACS 2023).
Hazard ledger
FEMA National Risk Index, December 2025 release, refreshed annually · tract-level rolled up to ZIP · not a property-level rating · no future-year projection · the tick is the median of 6 scored ZIPs in Dickinson County.
Housing cost burden
Census ACS 2023 five-year estimates · the tick is the U.S. median ZIP.
Behind the score
The inputs behind each of the five parts, against the U.S. median ZIP.
Livability
47Seller's report
A two-page brief for selling here: the market balance, recent signals and an illustrative net-proceeds estimate.
Nearby
5 scored Iowa ZIPs within 12 miles; the ones below score within ten points and cost less.
Dots are Iowa ZIP centers colored by market balance; the ring is 12 miles.
Sources and freshness
Every figure on this page, where it came from and when.
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