The story of this market
The typical home in ZIP 51571 sells for about $311,000, or $158 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 92 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,130 a month.
ZIP 51571 — Silver City
The housing market in 51571 is characterized by low inventory and steady, modest price appreciation. Demand is driven by local residents and those seeking rural affordability, though the limited sales volume and rural location keep the market pace measured.
This ZIP is best suited for local workers, families seeking a quiet rural lifestyle, and investors comfortable with low-volume, long-term holding strategies in a small-town environment.
Median prices moved up 2.1% year over year.
Homes spend a median of 92 days on market with 4.2 months of supply — a balanced-paced market.
15% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.7% · poverty 11.1% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 51571, Mills County IA
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in Silver City are generally low and consistent with rural Mills County trends, remaining well below state and national averages.
Schools serving the area are part of the Mills County regional system, generally characterized by small class sizes and community-focused educational environments.
The area is subject to standard Midwestern weather risks, including seasonal wind and occasional flood-plain considerations near local waterways; insurance premiums reflect these regional hazard profiles.
Economic momentum is modest, driven primarily by agricultural support and proximity to the Omaha-Council Bluffs metropolitan employment corridor.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Iowa) — Iowa Property Tax Assessment Limitation: The taxable value is determined by applying an assessment limitation (rollback) to the assessed market value. The limitation is calculated annually to restrict the growth in aggregate taxable value for the residential class to 3% statewide.
Commuting primarily involves personal vehicle travel via local highways toward Council Bluffs or Omaha for major employment opportunities.
Recreation is centered on rural outdoor activities, with local parks and proximity to regional trails and open spaces in Mills County.
The rental market is characterized by limited inventory and stable demand, with vacancy pressure influenced by the small population base and rural location.
The local economy is anchored by agriculture and small-scale local services, with many residents commuting to the larger Omaha-Council Bluffs metro area for employment.
Transportation is almost exclusively reliant on private vehicle use via regional highway networks.
There are no major large-scale commercial or residential developments currently under construction in this rural ZIP.
Mills County Assessor manages property valuations based on annual market analysis and state-mandated assessment cycles.
Parcels are subject to standard county and school district tax levies; no significant MUD or PID districts are active.
Property insurance remains stable but is sensitive to regional weather-related claims common in the Iowa plains.
Net domestic migration is stable with modest turnover typical of rural Iowa communities.
Iowa is a judicial foreclosure state, requiring court intervention for the foreclosure process.
Sellers are required to provide a standard real estate disclosure statement regarding the condition of the property.
Data retrieved from US Census Bureau ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Local community green space for recreation.
Regional hub for community events and agricultural gatherings.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.