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Wrenshall city, MN

ZIP 55797 — 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 55797

Median Home Value
$240,900
Median Rent
$790
Affordability Snapshot
$66,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,547/mo PITI).

11%
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.

25.4 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 55797 in Wrenshall city, MN, a household would need roughly $66,000 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 $1,547. That sits below the local median household income ($88,203), 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
Owner Occupied
94.2%+44% vs US avg
x
Vacancy Rate
5.2%-50% vs US avg
x
Broadband Access
85.6%-2% vs US avg
x
4+ Bedrooms
2.2%-85% vs US avg
x
Built Pre-1939
2.8%-78% vs US avg
x
Built Post-2014
2.2%-69% vs US avg
x
Rent Burden >30%
6.1%-88% vs US avg
x
Mortgage-Free
36.0%-6% vs US avg
x
$240,900
Home Value
$790
Rent
1990
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 detached87.8%
  • 1-unit attached1.0%
  • 2-9 units0.8%
  • 10+ units0.2%
  • Mobile home & other10.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$240,900
Median rent$790
Owner-occupied94.2%
Vacant5.2%
Price-to-income2.7x
Est. income to buy$66,000