Spirit Lake, IA metro area Housing Market Brief
metro · IA · as of August 2026
What is Spirit Lake, IA metro area’s Alpha Score?
The Alpha Score is a composite 0–100 index of market strength, a weighted blend of five dimensions. See the methodology.
Where is Spirit Lake, IA metro area in its market cycle?
Spirit Lake, IA metro area is classified as Declining — cooling, with scores declining over recent months. This is a classification of recent (1–12 month) momentum, not a price forecast.
What’s the forecast for Spirit Lake, IA metro area?
Our model forecasts Spirit Lake, IA metro area’s home prices to rise about 13.1% over the next 12 months (medium confidence).
This is a separate, forward-looking view — not the cycle classification above. See how past forecasts performed on the track record, or the full local forecast with its confidence range on the market page.
Spirit Lake, IA metro area housing market data
| Metric | Value | YoY |
|---|---|---|
| Median Sale Price | $476K | ▼ -1.3% |
| Median Days on Market | 58 days | 0% |
| Months of Supply | 4.2 | ▼ -17.6% |
| Homes for Sale | 245 | ▲ +7.9% |
| Homes Sold | 61 | ▲ +32.6% |
| Median Price / Sq Ft | $287 | ▲ +10.1% |
How has Spirit Lake, IA metro area’s Alpha Score moved?
Markets like Spirit Lake, IA metro area
- Vermillion, SD metro area, SDmetro37
- Stephenville, TX metro area, TXmetro41
- Brevard, NC metro area, NCmetro32
- Prineville, OR metro area, ORmetro30
- Boone, NC metro area, NCmetro35
- Fredericksburg, TX metro area, TXmetro43
- Easton, MD metro area, MDmetro44
- Hailey, ID metro area, IDmetro29
- Newberry, SC metro area, SCmetro47
- Astoria, OR metro area, ORmetro38
Frequently asked questions
Is Spirit Lake, IA metro area a buyer's or seller's market?
As of August 2026, Spirit Lake, IA metro area is classified as a Buyer's Market, based on its Alpha Score of 39 out of 100. The classification reflects current price, inventory, affordability, economic, and rental-yield conditions.
Are home prices rising or falling in Spirit Lake, IA metro area?
The median sale price in Spirit Lake, IA metro area is $476K, having fallen 1.3% over the past year.
How affordable is Spirit Lake, IA metro area?
Spirit Lake, IA metro area scores 12 out of 100 on affordability — relatively unaffordable relative to local incomes and prevailing mortgage rates compared with other metros.
What's driving Spirit Lake, IA metro area's Alpha Score?
Spirit Lake, IA metro area's strongest dimension is Economic Strength (73/100) and its weakest is Rental Yield (3/100). The Alpha Score is a weighted blend of all five dimensions.
Want the live, interactive view of Spirit Lake, IA metro area? Open the full market dashboard — charts, ZIP-level drill-down, and watchlist tracking. Explore the map or read the methodology.