51301 — Spencer, IA Home Values
Typical home value $203,307 as of June 2026 · 2nd of 10 in Spencer, IA
Blue: typical home value (Zillow ZHVI) in ZIP code 51301, June 2021 to June 2026. This page shows observed data only; no forecast.
How 51301 compares in the Spencer, IA area
ZIP code 51301 (Spencer, IA) has a typical home value of $203,307 as of June 2026, ranking 2nd of 10 ZIP codes tracked in the Spencer, IA area, more expensive than about 90% of ZIP codes in the metro. Prices here have moved +5.8% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +30.3%, from $156,080 in June 2021 to $203,307 in June 2026.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the Spencer, IA forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Spencer.
Population and demographics
ZIP code 51301 has a population of 12,402, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 91.6% White, 4.5% Hispanic or Latino, 2.5% two or more races, 0.5% Black or African American, 0.4% Asian, 0.3% another race, and 0.2% American Indian or Alaska Native.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| Fairview Park Elementary | 1508 5th Ave. East, Spencer, IA | 0.6 mi |
| Johnson Elementary | 724 West 9th Street, Spencer, IA | 0.6 mi |
| Spencer Middle School | 1400 10th Avenue East, Spencer, IA | 1 mi |
Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.
Frequently asked questions
What is the typical home value in ZIP code 51301?
$203,307 as of June 2026, the latest month Zillow has published observed data for.
Is 51301 an expensive ZIP code in the Spencer, IA area?
51301 ranks 2nd of 10 ZIP codes in the Spencer, IA area by typical home value, more expensive than about 90% of ZIP codes in the metro.
How much have home values in 51301 changed over the past year?
+5.8% over the trailing 12 months, from observed Zillow data.
What is the population of ZIP code 51301?
12,402, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 51301?
Fairview Park Elementary (0.6 mi), Johnson Elementary (0.6 mi), Spencer Middle School (1 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.
Is this page showing a forecast for 51301?
No. Every number on this page is observed Zillow data as of June 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the Spencer, IA forecast for a modeled outlook.
ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.