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Mora city, MN

ZIP 55051 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 55051

Median Home Value
$220,000
Median Rent
$762
Affordability Snapshot
$61,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,413/mo PITI).

13%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.1x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

24.1 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 55051 in Mora city, MN, a household would need roughly $61,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,413. That sits below the local median household income ($71,232), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 16% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
79.7%+22% vs US avg
x
Vacancy Rate
16.3%+59% vs US avg
x
Broadband Access
82.8%-5% vs US avg
x
4+ Bedrooms
4.2%-71% vs US avg
x
Built Pre-1939
5.1%-60% vs US avg
x
Built Post-2014
1.1%-84% vs US avg
x
Rent Burden >30%
12.1%-76% vs US avg
x
Mortgage-Free
40.5%+6% vs US avg
x
$220,000
Home Value
$762
Rent
1983
Year Built
2012
Moved In

Residents have lived here since ~2012 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached73.7%
  • 1-unit attached4.6%
  • 2-9 units2.9%
  • 10+ units6.9%
  • Mobile home & other11.9%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$220,000
Median rent$762
Owner-occupied79.7%
Vacant16.3%
Price-to-income3.1x
Est. income to buy$61,000