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Area data

Milford, IA — ZIP 51351

Population: 4,988 (Census ACS)

The typical home value in ZIP 51351 (Milford, IA) is $342,168 — up 2.3% over the past year. Homes sell for a median $362,394 after a median 54 days on market. 3 schools serve the area (NCES). FEMA's National Risk Index rates the county's overall natural-hazard risk Very Low, with ice storm, winter weather the top-rated hazards. Cost of living is 12.2% below the US average (BEA, metro/state-level).

Backed by 25+ public sourcesFEMA · U.S. Census · NOAA · Dept. of Education · EPA · and more

$342,168

Typical home value

+2.3%

1-year change

54

Median days on market

Very Low

Hazard risk (county)

Home values & appreciation

Typical home value
$342,168
1-year appreciation
+2.3%
3-year appreciation
+10.0%
5-year appreciation
+33.3%
10-year appreciation
+70.1%
Peak value since 2000 (Aug 2026)
$342,566
House Price Index (state)
386.7 (+2.3% YoY)

Sources: home value index (ZIP-level) · FHFA House Price Index (state-level)

Market activity

Median sale price
$362,394
Median list price
$394,960
Median price per sqft
$188
1-year sale-price change
-10.5%
Median days on market
54 days
Homes sold (recent period)
31
For-sale inventory
48
Sale-to-list ratio
96.2%
Active listings
54
1-year forecast
+1.2%
New listings (monthly)
11

Source: recent area sales and market data (ZIP-level)

Rents

Studio fair-market rent
$829/mo
1BR fair-market rent
$834/mo
2BR fair-market rent
$1,091/mo
3BR fair-market rent
$1,424/mo
4BR fair-market rent
$1,434/mo

Sources: market rent index (ZIP-level) · HUD Fair Market Rents (metro/county-level, 40th-percentile regulatory reference)

Affordability

Cost of living index (Low)
87.8 (100 = US avg)
Electricity rate (state-level)
13.7¢/kWh
Natural gas rate (state-level)
$10.60/MCF
30-year mortgage rate (national)
7.18%
15-year mortgage rate (national)
6.57%

Sources: BEA Regional Price Parities (metro/state-level) · EIA energy rates (state-level) · Freddie Mac PMMS (national)

Schools

Total schools
3
Elementary schools
1
Middle schools
1
High schools
1
Avg student-teacher ratio
13.2 : 1
Schools include
Okoboji High School, Okoboji Middle School, Okoboji Elementary School

Source: NCES school directory, 2024-25 (school-address-based)

Natural hazards & flood risk

Overall hazard risk (county)
Very Low
Top hazards (county)
ice storm, winter weather
Notable hazard ratings (county)
ice storm: Relatively Moderate · winter weather: Relatively Moderate · hail: Relatively Low · drought: Relatively Low · tornado: Relatively Low · cold wave: Relatively Low
Most common flood zone among NFIP claims
Zone AE
NFIP flood claims on record
2
Wildfire risk to homes (county)
Higher than 32% of US counties
Buildings in wildfire direct-exposure zone
37.7%
Radon potential (county)
High radon potential — EPA Zone 1 of 3
EPA Superfund (NPL) sites within 5 mi
None
Flood zones vary by property. Look up a specific address on the FEMA Flood Map Service Center.
EPA recommends radon testing for every home regardless of zone.

Sources: FEMA National Risk Index (county-level) · FEMA NFIP flood-insurance claims (ZIP-level) · USDA Forest Service Wildfire Risk to Communities (county-level) · EPA radon zones + Superfund NPL

Climate (30-year normals)

Average annual temperature
49.0°F
Average high
58.0°F
Average low
40.0°F
Annual precipitation
30.8 in
Annual snowfall
27.4 in
USDA plant hardiness zone
5a (extreme annual low -20 to -15°F)

Sources: NOAA Climate Normals (30-year, nearest-station) · USDA Plant Hardiness Zone Map (2023)

Walkability & transit

Walkability index
9.2 / 20
Transit service frequency
-99,999
Jobs reachable by car (30 min)
4,753
Jobs reachable by transit (45 min)
4,281

Source: EPA Smart Location Database (metropolitan block groups)

Amenities

Airports within 30 mi
9
Nearest airport
Fuller Airport (2 mi)
Nearest major airport
Fort Dodge Regional Airport (FOD) (73 mi)
Hospitals in or near this ZIP
12
Hospitals include
SPENCER MUNICIPAL HOSPITAL, LAKES REGIONAL HEALTHCARE, POCAHONTAS COMMUNITY HOSPITAL
Avg hospital rating (CMS)
2.8 / 5
Best hospital rating nearby (CMS)
4.0 / 5
Solar radiation rating
Fair (4.0 kWh/m²/day)

Sources: National Park Service · FAA airport data · CMS hospital data (same ZIP, else within ~40 mi) · DOE/NREL (proximity-based)

Migration

Net migration (county)
+110 tax filers

Source: IRS SOI county-to-county migration (county-level; published with a multi-year lag)

Housing stock

Median year housing built
1979
Housing built before 1970
34.2%
Housing built 2000 or later
26.4%
Median annual property tax
$2,595
Mean commute to work
17 min
Households with broadband internet
70.8%

Source: Census ACS 5-year estimates (ZIP-level)

Employment & development

Total county employment
8,453
Average weekly wage
$904
Top industries (by employment)
Accommodation & Food, Administrative Services, Health Care
Annual residential building permits (county)
117

Sources: BLS QCEW (county-level) · Census Building Permits (county-level)

How it compares

ZIP 51351State medianUS median
Typical home value$342,168$207,227$285,053
Median sale price$362,394$198,942$319,906
Median days on market54 days39 days48 days
Median annual property tax$2,595$1,927$2,006

State and US medians are computed across all US ZIP codes with sufficient public-data coverage, from the same sources as the figures above.

Area data compiled from public government, academic, and industry research feeds. Data sources →

Common questions

What is the typical home value in ZIP 51351?
$342,168.
What is the median sale price in ZIP 51351?
$362,394.
How long do homes take to sell in ZIP 51351?
Median days on market: 54 days.
What is typical rent in ZIP 51351?
2-bedroom fair-market rent: $1,091/month (HUD FMR — a 40th-percentile regulatory reference, not market-observed).
What is the natural-hazard risk in ZIP 51351?
Overall risk: Very Low (FEMA NRI, county-level). Top hazards: ice storm, winter weather.
Is ZIP 51351 in a flood zone?
Flood zones vary by property within ZIP 51351. 2 FEMA flood-insurance (NFIP) claims are on record; the most common zone among them is AE. Check a specific address on the FEMA Flood Map Service Center.
What is the wildfire risk in ZIP 51351?
Risk to homes is higher than 32% of US counties (USDA Forest Service Wildfire Risk to Communities, county-level).
What is the radon potential in ZIP 51351?
High radon potential — EPA Zone 1 of 3, county-level. EPA recommends testing every home regardless of zone.
Are there Superfund sites near ZIP 51351?
No current or proposed National Priorities List sites within 5 miles (EPA).
How many schools serve ZIP 51351?
3 schools (1 elementary, 1 middle, 1 high) (NCES, 2024-25).
Is ZIP 51351 walkable?
Walkability index: 9.2/20 (EPA Smart Location Database).
What is the cost of living in ZIP 51351?
Regional Price Parity: 87.8 (100 = US average) (Low) (BEA RPP, metro/state-level).

Nearby ZIP codes

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Data last updated

Most recent source refresh: Nov 2026. See all data sources →

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