West Okoboji, IA—51351
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — West Okoboji, IA
As of Oct '25, the median home price in West Okoboji, IA is $330,000, with a year-over-year change of 2.4%. This indicates that home prices in West Okoboji, IA are increasing. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $330,000 | 2.4% |
| Single Family | $336,000 | 2.1% |
| Condos | $280,000 | 7.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $261,000 | 9.7% |
2 Bed | $264,000 | 2.7% |
3 Bed | $351,000 | 2.6% |
4 Bed | $470,000 | 2.8% |
| 5 Bed | $643,000 | 1.7% |
% of Housing Stock
Rental Trends — West Okoboji, IA
West Okoboji, IA lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — West Okoboji, IA
As of Oct '25, Realtor.com reports that the median days on market for a home in West Okoboji, IA is 65. This is a increase of 57.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,100,000 | -14.0% |
Listing Count | 23 | 111.0% |
| Listings as % of Homes | 0.5% | 111.0% |
Days on Market | 65 | 57.0% |
Demographics — West Okoboji, IA
As of the latest ACS Survey released in 2023, West Okoboji, IA has a population of 4,990, which has increased by 13.5% over the past 5 years. West Okoboji, IA is a moderately popular place for families, as children make up 22.2% of the population. The area has a moderately educated workforce, with 31.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,990 | 13.5% |
% Under 18 | 22.2% | -3.5% |
% Seniors | 24.0% | 4.8% |
% WFH | 7.2% | 67.4% |
% w/ College Degree | 31.2% | 25.3% |
As of the latest ACS Survey released in 2023, West Okoboji, IA is a predominantly white area, with 95.4% of the population identifying as white. The white population has grown by 0.2% in the last 5 years. The second most common race or ethnicity in West Okoboji, IA is hispanic, making up 3.7% of the population. Foreign-born residents account for 1.0% of the population in West Okoboji, IA, and this percentage has increased by 100.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 95.4% | 0.2% |
% Black | 0.0% | -100.0% |
% Hispanic | 3.7% | 27.6% |
% Asian | 0.0% | N/A |
% Foreign Born | 1.0% | 100.0% |
Mortgage and Risk — West Okoboji, IA
According to HUD data as of 2023, there were 202 mortgage originations in West Okoboji, IA, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 10.0% above 90% LTV (elevated). This implies medium mortgage risk in West Okoboji, IA. Investor activity is low, as 6.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 202 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 6.0% |
% Second Loans | 32.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — West Okoboji, IA
West Okoboji, IA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 57 |
Total Units Section 8 | 57 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 91.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $750 |
| 2 Bedroom | N/A | N/A | $980 |
| 3 Bedroom | N/A | N/A | $1,180 |
| 4 Bedroom | N/A | N/A | $1,300 |
Affordability — West Okoboji, IA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.3 |
| Median Home Price | $330,000 |
| Median Household Income | $67,600 |