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Area data

Milford, IA — ZIP 51351

Population: 4,988 (Census ACS)

The median home value in ZIP 51351 (Milford, IA) is $348,098 — up 2.9% over the past year. Homes sell for a median $450,000 after a median 301 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 icestorm, winterweather the top-rated hazards. Cost of living is 10.5% below the US average (BEA, metro/state-level).

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

$348,098

Median home value

+2.9%

1-year change

301

Median days on market

Very Low

Hazard risk (county)

Home values & appreciation

Median home value
$348,098
1-year appreciation
+2.9%
3-year appreciation
+11.0%
5-year appreciation
+34.8%
10-year appreciation
+70.0%
All-time peak (2026-07)
$348,098
House Price Index (state)
379.0 (+3.7% YoY)

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

Market activity

Median sale price
$450,000
Median list price
$438,000
Median price per sqft
$284
1-year sale-price change
+9.4%
Median days on market
301 days
Homes sold (recent period)
2
For-sale inventory
41
Sale-to-list ratio
101.1%
Active listings
5
1-year forecast
+2.1%
New listings (monthly)
12

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

Rents

Studio fair-market rent
$696/mo
1BR fair-market rent
$870/mo
2BR fair-market rent
$1,088/mo
3BR fair-market rent
$1,415/mo
4BR fair-market rent
$1,633/mo

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

Affordability

Cost of living index (Low)
89.5 (100 = US avg)
Electricity rate (state-level)
13.7¢/kWh
Natural gas rate (state-level)
$10.60/MCF
30-year mortgage rate (national)
6.66%
15-year mortgage rate (national)
6.00%

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
Schools include
Okoboji High School, Okoboji Middle School, Okoboji Elementary School

Source: NCES school directory, 2022-23 (school-address-based)

Natural hazards & flood risk

Overall hazard risk (county)
Very Low
Top hazards (county)
iceStorm, winterWeather
Notable hazard ratings (county)
coldWave: Relatively Low · drought: Relatively Low · hail: Relatively Low · iceStorm: Relatively Moderate · inlandFlooding: Relatively Low · strongWind: Relatively Low
FEMA flood zone
AE
Flood risk level
High
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
EPA recommends radon testing for every home regardless of zone.

Sources: FEMA National Risk Index (county-level) · FEMA flood data (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
30.2 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)
Hospitals nearby (~15 mi)
2
Hospitals include
SPENCER MUNICIPAL HOSPITAL, LAKES REGIONAL HEALTHCARE
Avg hospital rating (CMS)
3.0 / 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 · DOE/NREL (proximity-based)

Migration

Net migration (county)
+110 tax filers

Source: IRS county-to-county migration data (county-level, ~12-month lag)

Housing stock

Median year housing built
1,979
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
8,985
Average weekly wage
$854
Top industries (by employment)
Accommodation & Food, Administrative Services, Health Care
Annual residential building permits (county)
49

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

How it compares

ZIP 51351State medianUS median
Median home value$348,098$211,348$289,727
Median sale price$450,000$220,000$325,000
Median days on market301 days48 days51 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 median home value in ZIP 51351?
$348,098.
What is the median sale price in ZIP 51351?
$450,000.
How long do homes take to sell in ZIP 51351?
Median days on market: 301 days.
What is typical rent in ZIP 51351?
2-bedroom fair-market rent: $1,088/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: iceStorm, winterWeather.
Is ZIP 51351 in a flood zone?
High (FEMA NFIP). FEMA flood zone AE.
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, 2022-23).
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: 89.5 (100 = US average) (Low) (BEA RPP, metro/state-level).

Nearby ZIP codes

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Data last updated

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

Data compiled by REAIGENT7 — AI listing platform for real estate agents