ZIP Code Market Report
51246 — Rock Rapids, IA
Data through February 2026 · Updated monthly
Avg Home Value
$242,975
▲ 9.6% year-over-year
Month-over-Month
+0.5%
▲ 0.5%
Single Family
$240,551
Condo / Co-op
--
The average home value in the 51246 ZIP code (Rock Rapids, IOWA) is $242,975 as of February 2026. Home prices are rising, up 9.6% compared to last year.
The market in 51246 has a $302,752 spread between bottom-tier homes at $138,346 and top-tier homes at $441,097. Bottom-tier properties represent the primary opportunity range for real estate investors using the 70% rule, fix-and-flip, or BRRRR strategies.
This report is part of the Lyon County market area in IOWA. For a broader view of the housing market including rent data, market activity, and affordability analysis, see the full Lyon County report.
Free Home Value Estimate
What's your home worth in 51246 (Rock Rapids)?
Get a free estimate based on recent sales and market data in your neighborhood. See how your home compares.
Free · Takes 30 seconds · Based on real sale data
Market Snapshot
51246 Housing Market at a Glance
Key metrics for the last 3 months with trend direction.
| Metric | Dec 2025 | Jan 2026 | Feb 2026 | 3-Mo Change |
|---|---|---|---|---|
| Avg Home Value | $242,551 | $241,768 | $242,975 | ▲ 0.2% |
| Single Family Value | $235,478 | $238,039 | $240,551 | ▲ 2.2% |
Home Values
51246 Home Value Trend
Historical home values for ZIP code 51246. Switch between All Homes, Single Family, Bottom Tier, and Top Tier.
Source: Zillow Research ZHVI / ZORI · Updated monthly
Property Types
Home Values by Property Type in 51246
How different property types compare in this ZIP code.
All Homes
$242,975
Single Family
$240,551
Bottom Tier
$138,346
Top Tier
$441,097
Data Sources and Methodology
Home value data for ZIP code 51246 comes from the Zillow Home Value Index (ZHVI), updated monthly. ZHVI measures the typical home value using Zillow's automated valuation model, smoothed and seasonally adjusted.
This report was last updated February 2026. Data is refreshed on the 17th of each month.
Investing in Rock Rapids?
Run your ARV and MAO instantly with live market data