Housing in Spirit Lake, IA

Home values, rent, ownership rates, and housing market data

Housing Market Snapshot

Source: Redfin — January 2026

Median Sale Price

$327,500

Median List Price

$369,000

Price Per Sq Ft

$162

Days on Market

81

Active Inventory

26

Months of Supply

6.5

Buyer's market

Zillow Home Value

$321,992

ZHVI — January 2026

Price Trends

Source: Redfin
Sale Price 1.1%List Price 5.7%Mar 24Jan 26

Market Competitiveness

Source: Redfin

Sold Above List

0.0%

Off Market in 2 Weeks

40.0%

Sale-to-List Ratio

95.0%

Buyer's market

Sold Above Asking
0.0%
Under Contract in 2 Wks
40.0%
Listings with Price Drops
11.5%

Market Activity

Source: Redfin

Homes Sold

4

New Listings

4

Pending Sales

5

Homes Sold 66.7%New Listings 66.7%Pending 64.3%Mar 24Jan 26

Price Per Square Foot

Source: Redfin

Median Sale $/SF

$162

Median List $/SF

$184

Sale $/SF 20.6%List $/SF 4.0%Mar 24Jan 26

Spirit Lake vs Similar Cities

Source: Census ACS / Redfin (2023)

Compared to cities with under 10,000 residents. Spirit Lake is highlighted.

Median Home Value

Median Rent

Median Price Per Sq Ft

Rent Burden

Census Housing Data

Source: U.S. Census Bureau ACS (2023)

Median Home Value

$218,400

Median Rent

$885

Total Housing Units

2,930

Vacancy Rate

8.1%

Owner Occupied

66.2%

Renter Occupied

33.8%

Median Property Tax

$2,322

per year

Monthly Cost (w/ Mortgage)

$977

Housing Types

Single Family
72.5%
Multi-Family
21.3%
Mobile Home
6.3%

The current median sale price in Spirit Lake, IA is $327,500 according to Redfin data. Homes spend a median of 81 days on the market. 0.0% of homes sold above asking price. The market has 6.5 months of supply. The median price per square foot is $162. The median rent is $885 per month (Census ACS). About 66.2% of housing units are owner-occupied. The median year homes were built is 1977. There are 2,930 total housing units.