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Askov city, MN

ZIP 55704 — 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 55704

Median Home Value
$212,700
Median Rent
$388
Affordability Snapshot
$59,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,366/mo PITI).

8%
Rent-to-Income Ratio

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

3.4x
Home Price-to-Income Ratio

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

45.7 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 55704 in Askov city, MN, a household would need roughly $59,000 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 $1,366. That is roughly in line with the local median household income ($61,875). 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
79.1%+21% vs US avg
x
Vacancy Rate
16.4%+59% vs US avg
x
Broadband Access
77.7%-11% vs US avg
x
4+ Bedrooms
4.0%-73% vs US avg
x
Built Pre-1939
7.3%-43% vs US avg
x
Built Post-2014
1.6%-78% vs US avg
x
Rent Burden >30%
16.8%-66% vs US avg
x
Mortgage-Free
47.3%+24% vs US avg
x
$212,700
Home Value
$388
Rent
1979
Year Built
2011
Moved In

Residents have lived here since ~2011 on average

Housing Structure

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

  • 1-unit detached79.1%
  • 1-unit attached0.2%
  • 2-9 units9.7%
  • 10+ units0.9%
  • Mobile home & other10.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$212,700
Median rent$388
Owner-occupied79.1%
Vacant16.4%
Price-to-income3.4x
Est. income to buy$59,000