ZIP Code 51341

In ZIP code 51341, near Spencer, homes are valued at a median of $61,000, and the county's 1.15% effective property tax rate works out to roughly $700 a year on such a house. With per-capita income at $31,538, that levy equals about two percent of annual earnings per person, a share that stays contained because valuations are low. A 7.00% combined sales tax applies to purchases in the area. The result is a market where entry costs and ongoing taxes demand little relative to what people earn, though the same low values limit equity growth.