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Coleraine city, MN

ZIP 55722 — 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 55722

Median Home Value
$152,600
Median Rent
$865
Affordability Snapshot
$42,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$980/mo PITI).

18%
Rent-to-Income Ratio

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

2.7x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

14.7 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 55722 in Coleraine city, MN, a household would need roughly $42,000 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 $980. That sits below the local median household income ($57,436), 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

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics

Historic housing stock (20% built before 1939)

Owner Occupied
81.3%+24% vs US avg
x
Vacancy Rate
8.8%-15% vs US avg
x
Broadband Access
72.5%-17% vs US avg
x
4+ Bedrooms
6.2%-58% vs US avg
x
Built Pre-1939
20.1%+57% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
56.8%+14% vs US avg
x
Mortgage-Free
47.5%+24% vs US avg
x
$152,600
Home Value
$865
Rent
1949
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 detached78.1%
  • 1-unit attached1.2%
  • 2-9 units17.1%
  • 10+ units0.0%
  • Mobile home & other3.7%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$152,600
Median rent$865
Owner-occupied81.3%
Vacant8.8%
Price-to-income2.7x
Est. income to buy$42,000