US5.com
  1. Home
  2. States
  3. Minnesota
  4. ZIP 55741
  5. Housing & Real Estate
Gilbert city, MN

ZIP 55741 — 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 55741

Median Home Value
$151,900
Median Rent
$558
Affordability Snapshot
$42,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$976/mo PITI).

10%
Rent-to-Income Ratio

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

2.3x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

22.7 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 55741 in Gilbert 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 $976. That sits below the local median household income ($66,528), 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
88.2%+35% vs US avg
x
Vacancy Rate
19.8%+92% vs US avg
x
Broadband Access
83.0%-5% vs US avg
x
4+ Bedrooms
4.2%-72% vs US avg
x
Built Pre-1939
3.5%-72% vs US avg
x
Built Post-2014
0.9%-87% vs US avg
x
Rent Burden >30%
6.6%-87% vs US avg
x
Mortgage-Free
54.1%+42% vs US avg
x
$151,900
Home Value
$558
Rent
1971
Year Built
2006
Moved In

Residents have lived here since ~2006 on average

Housing Structure

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

  • 1-unit detached86.8%
  • 1-unit attached0.4%
  • 2-9 units3.3%
  • 10+ units4.5%
  • Mobile home & other5.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$151,900
Median rent$558
Owner-occupied88.2%
Vacant19.8%
Price-to-income2.3x
Est. income to buy$42,000