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Watkins city, MN

ZIP 55389 — 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 55389

Median Home Value
$252,700
Median Rent
N/A
Affordability Snapshot
$70,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,623/mo PITI).

2.7x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

To comfortably buy a median-priced home in ZIP 55389 in Watkins city, MN, a household would need roughly $70,000 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 $1,623. That sits below the local median household income ($92,109), 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 12% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
84.3%+29% vs US avg
x
Vacancy Rate
11.6%+12% vs US avg
x
Broadband Access
87.8%+1% vs US avg
x
4+ Bedrooms
12.2%-18% vs US avg
x
Built Pre-1939
5.5%-57% vs US avg
x
Built Post-2014
0.1%-99% vs US avg
x
Rent Burden >30%
18.1%-64% vs US avg
x
Mortgage-Free
34.4%-10% vs US avg
x
$252,700
Home Value
N/A
Rent
1978
Year Built
2009
Moved In

Residents have lived here since ~2009 on average

Housing Structure

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

  • 1-unit detached81.3%
  • 1-unit attached1.2%
  • 2-9 units1.9%
  • 10+ units7.0%
  • Mobile home & other8.6%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$252,700
Median rent$-666,666,666
Owner-occupied84.3%
Vacant11.6%
Price-to-income2.7x
Est. income to buy$70,000