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, MN

ZIP 55703 — 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 55703

Median Home Value
$172,600
Median Rent
$688
Affordability Snapshot
$48,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,109/mo PITI).

12%
Rent-to-Income Ratio

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

2.5x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

20.9 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 55703 in MN, a household would need roughly $48,000 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 $1,109. That sits below the local median household income ($69,973), 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
92.5%+41% vs US avg
x
Vacancy Rate
20.4%+98% vs US avg
x
Broadband Access
88.2%+1% vs US avg
x
4+ Bedrooms
1.7%-89% vs US avg
x
Built Pre-1939
6.7%-47% vs US avg
x
Built Post-2014
0.7%-90% vs US avg
x
Rent Burden >30%
12.0%-76% vs US avg
x
Mortgage-Free
36.0%-6% vs US avg
x
$172,600
Home Value
$688
Rent
1975
Year Built
2010
Moved In

Residents have lived here since ~2010 on average

Housing Structure

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

  • 1-unit detached88.9%
  • 1-unit attached0.2%
  • 2-9 units0.2%
  • 10+ units1.2%
  • Mobile home & other9.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$172,600
Median rent$688
Owner-occupied92.5%
Vacant20.4%
Price-to-income2.5x
Est. income to buy$48,000