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Taconite city, MN

ZIP 55709 — 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 55709

Median Home Value
$206,300
Median Rent
$802
Affordability Snapshot
$57,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,325/mo PITI).

14%
Rent-to-Income Ratio

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

2.9x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

21.4 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 55709 in Taconite city, MN, a household would need roughly $57,000 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 $1,325. That sits below the local median household income ($71,163), 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 32% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
90.0%+38% vs US avg
x
Vacancy Rate
32.5%+215% vs US avg
x
Broadband Access
85.0%-2% vs US avg
x
4+ Bedrooms
2.6%-83% vs US avg
x
Built Pre-1939
6.9%-46% vs US avg
x
Built Post-2014
0.2%-97% vs US avg
x
Rent Burden >30%
10.7%-78% vs US avg
x
Mortgage-Free
42.0%+10% vs US avg
x
$206,300
Home Value
$802
Rent
1978
Year Built
2007
Moved In

Residents have lived here since ~2007 on average

Housing Structure

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

  • 1-unit detached85.6%
  • 1-unit attached0.2%
  • 2-9 units2.3%
  • 10+ units1.0%
  • Mobile home & other10.9%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$206,300
Median rent$802
Owner-occupied90.0%
Vacant32.5%
Price-to-income2.9x
Est. income to buy$57,000