Spencer, IA Metro Area - Investment Guide
Metro Area • 9 Cities • 9 ZIP Codes
Avg Home Value
$183,898
Avg Monthly Rent
$949
Avg Cap Rate
4.12%
Avg Investability
2.7 ★
Cities
9
ZIP Codes
9
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Market Trends
Metro Home Value History
🏦 30-yr Fixed Rate:
7.28%
as of Oct 1
Source: Freddie Mac PMMS
☀️
WARM MARKET
Spencer, IA Metro Area
Seller-favorable conditions, steady activity
0 days
Average time to sell
Very Fast
5.8%
Listings with price cuts
Few Cuts
0.0%
Sale price vs asking
Below Ask
0.0%
Income needed for mortgage
Affordable
📅
Market conditions data as of September 19, 2026 — updated weekly
Best ZIP codes in Spencer, IA
Every ZIP in the metro, ranked four ways. Free.
Cities in Spencer, IA
Top ZIP Codes by Investability
| ZIP Code | City | State | Home Value | Rent | Cap Rate | Rating |
|---|---|---|---|---|---|---|
| 50515 | Ayrshire | IA | $148,668 | $1,233 | 6.47% | |
| 51047 | Peterson | IA | $170,593 | $963 | 4.40% | |
| 51301 | Spencer | IA | $203,307 | $864 | 3.31% | |
| 51358 | Ruthven | IA | $177,367 | $828 | 3.64% | |
| 51333 | Dickens | IA | $246,905 | $1,026 | 3.24% | |
| 51338 | Everly | IA | $167,693 | $864 | 4.02% | |
| 50515 | Ayrshire | IA | $137,859 | $1,233 | 6.98% | |
| 51047 | Peterson | IA | $157,568 | $963 | 4.77% | |
| 51301 | Spencer | IA | $192,953 | $864 | 3.49% | |
| 51333 | Dickens | IA | $228,220 | $1,026 | 3.51% | |
| 51358 | Ruthven | IA | $191,303 | $828 | 3.38% | |
| 51338 | Everly | IA | $156,191 | $864 | 4.31% | |
| 50515 | Ayrshire | IA | $147,689 | $1,233 | 6.51% | |
| 51047 | Peterson | IA | $166,184 | $963 | 4.52% | |
| 51301 | Spencer | IA | $198,980 | $864 | 3.39% | |
| 51358 | Ruthven | IA | $181,601 | $828 | 3.56% | |
| 51333 | Dickens | IA | $237,568 | $1,026 | 3.37% | |
| 51338 | Everly | IA | $159,128 | $864 | 4.24% | |
| 50515 | Ayrshire | IA | $137,859 | $1,233 | 6.98% | |
| 51047 | Peterson | IA | $157,568 | $963 | 4.77% | |
| 51301 | Spencer | IA | $192,953 | $864 | 3.49% | |
| 51333 | Dickens | IA | $228,220 | $1,026 | 3.51% | |
| 51358 | Ruthven | IA | $186,105 | $828 | 3.47% | |
| 51338 | Everly | IA | $156,191 | $864 | 4.31% | |
| 50515 | Ayrshire | IA | $140,430 | $1,233 | 6.85% | |
| 51047 | Peterson | IA | $161,693 | $963 | 4.65% | |
| 51301 | Spencer | IA | $196,149 | $864 | 3.44% | |
| 51358 | Ruthven | IA | $181,601 | $828 | 3.56% | |
| 51333 | Dickens | IA | $230,896 | $1,026 | 3.47% | |
| 51338 | Everly | IA | $158,986 | $864 | 4.24% | |
| 50515 | Ayrshire | IA | $149,171 | $1,233 | 6.45% | |
| 51047 | Peterson | IA | $175,478 | $963 | 4.28% | |
| 51301 | Spencer | IA | $200,145 | $864 | 3.37% | |
| 51358 | Ruthven | IA | $179,080 | $828 | 3.61% | |
| 51333 | Dickens | IA | $245,437 | $1,026 | 3.26% | |
| 51338 | Everly | IA | $164,733 | $864 | 4.09% | |
| 50515 | Ayrshire | IA | $133,528 | $1,233 | 7.20% | |
| 51047 | Peterson | IA | $156,167 | $963 | 4.81% | |
| 51301 | Spencer | IA | $191,321 | $864 | 3.52% | |
| 51333 | Dickens | IA | $225,399 | $1,026 | 3.55% | |
| 51358 | Ruthven | IA | $189,197 | $828 | 3.41% | |
| 51338 | Everly | IA | $151,750 | $864 | 4.44% | |
| 51340 | Fostoria | IA | $143,558 | $828 | 4.50% | |
| 51343 | Greenville | IA | $169,451 | $918 | 4.23% | |
| 51366 | Webb | IA | $179,091 | $1,017 | 4.43% | |
| 51340 | Fostoria | IA | $151,866 | $828 | 4.25% | |
| 51343 | Greenville | IA | $187,261 | $918 | 3.82% | |
| 51366 | Webb | IA | $195,333 | $1,017 | 4.06% | |
| 51340 | Fostoria | IA | $144,355 | $828 | 4.47% | |
| 51343 | Greenville | IA | $166,764 | $918 | 4.29% |
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About Spencer, IA Real Estate Market
The Spencer, IA metropolitan statistical area (MSA) encompasses 9 cities and 9 ZIP codes. The average home value across the metro is $183,898, with an average monthly rent of $949. Explore individual cities and ZIP codes to find investment opportunities that match your criteria.