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Newport city, MN

ZIP 55055 — Housing & Real Estate

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

Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 55055

Median Home Value
$331,300
Median Rent
$1,015
Affordability Snapshot
$91,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,128/mo PITI).

19%
Rent-to-Income Ratio

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

5.2x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

27.2 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 55055 in Newport city, MN, a household would need roughly $91,000 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 $2,128. That is about 44% above the local median household income ($63,365), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
67.6%+3% vs US avg
x
Vacancy Rate
0.0%
x
Broadband Access
86.2%-1% vs US avg
x
4+ Bedrooms
5.3%-65% vs US avg
x
Built Pre-1939
3.6%-72% vs US avg
x
Built Post-2014
4.3%-38% vs US avg
x
Rent Burden >30%
23.6%-52% vs US avg
x
Mortgage-Free
33.7%-12% vs US avg
x
$331,300
Home Value
$1,015
Rent
1975
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

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

  • 1-unit detached64.7%
  • 1-unit attached5.6%
  • 2-9 units6.0%
  • 10+ units23.7%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$331,300
Median rent$1,015
Owner-occupied67.6%
Vacant0.0%
Price-to-income5.2x
Est. income to buy$91,000