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Hill City city, MN

ZIP 55748 — 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 55748

Median Home Value
$180,400
Median Rent
$589
Affordability Snapshot
$50,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,159/mo PITI).

13%
Rent-to-Income Ratio

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

3.3x
Home Price-to-Income Ratio

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

25.5 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 55748 in Hill City city, MN, a household would need roughly $50,000 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 $1,159. That is roughly in line with the local median household income ($54,615). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 35% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
80.7%+23% vs US avg
x
Vacancy Rate
34.6%+236% vs US avg
x
Broadband Access
84.3%-3% vs US avg
x
4+ Bedrooms
4.1%-73% vs US avg
x
Built Pre-1939
3.6%-72% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
24.1%-51% vs US avg
x
Mortgage-Free
54.5%+43% vs US avg
x
$180,400
Home Value
$589
Rent
1981
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 detached67.9%
  • 1-unit attached2.9%
  • 2-9 units12.5%
  • 10+ units5.3%
  • Mobile home & other11.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$180,400
Median rent$589
Owner-occupied80.7%
Vacant34.6%
Price-to-income3.3x
Est. income to buy$50,000