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Arion city, IA

ZIP 51520 — Housing & Real Estate

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

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 51520

Median Home Value
$141,100
Median Rent
$625
Affordability Snapshot
$39,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$906/mo PITI).

13%
Rent-to-Income Ratio

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

2.4x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

18.8 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 51520 in Arion city, IA, a household would need roughly $39,000 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 $906. That sits below the local median household income ($58,547), 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

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics

Historic housing stock (21% built before 1939)

Owner Occupied
91.3%+40% vs US avg
x
Vacancy Rate
0.0%
x
Broadband Access
91.3%+5% vs US avg
x
4+ Bedrooms
0.0%
x
Built Pre-1939
20.9%+63% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
0.0%
x
Mortgage-Free
63.8%+67% vs US avg
x
$141,100
Home Value
$625
Rent
1938
Year Built
1989
Moved In

Residents have lived here since ~1989 on average

Housing Structure

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

  • 1-unit detached91.3%
  • 1-unit attached0.0%
  • 2-9 units4.3%
  • 10+ units0.0%
  • Mobile home & other4.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$141,100
Median rent$625
Owner-occupied91.3%
Vacant0.0%
Price-to-income2.4x
Est. income to buy$39,000