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, MN

ZIP 55605 — Housing & Real Estate

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

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 55605

Median Home Value
$139,400
Median Rent
$454
Affordability Snapshot
$38,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$895/mo PITI).

10%
Rent-to-Income Ratio

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

2.6x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

25.6 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 55605 in MN, a household would need roughly $38,000 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 $895. That sits below the local median household income ($52,750), 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 20% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
52.9%-19% vs US avg
x
Vacancy Rate
19.5%+89% vs US avg
x
Broadband Access
84.3%-3% vs US avg
x
4+ Bedrooms
0.8%-94% vs US avg
x
Built Pre-1939
0.6%-96% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
12.3%-75% vs US avg
x
Mortgage-Free
56.8%+49% vs US avg
x
$139,400
Home Value
$454
Rent
1993
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 detached59.9%
  • 1-unit attached12.4%
  • 2-9 units11.5%
  • 10+ units4.7%
  • Mobile home & other11.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$139,400
Median rent$454
Owner-occupied52.9%
Vacant19.5%
Price-to-income2.6x
Est. income to buy$38,000