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ZIP 55816
Housing & Real Estate

ZIP 55816 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working Class

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 55816

Median Home Value

$133,000

Median Rent

$839

Affordability Snapshot

$37,000

Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$854/mo PITI).

29%

Rent-to-Income Ratio

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

3.8x

Home Price-to-Income Ratio

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

13.2 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 55816, a household would need roughly $37,000 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 $854. That is roughly in line with the local median household income ($35,221). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 11% — check local market conditions.

Heating Fuel

Housing Metrics

Owner Occupied

33.7%-48% vs US avg

Vacancy Rate

10.5%+2% vs US avg

Broadband Access

86.3%-1% vs US avg

4+ Bedrooms

4.0%-73% vs US avg

Built Pre-1939

6.7%-47% vs US avg

Built Post-2014

0.0%

Rent Burden >30%

28.5%-43% vs US avg

Mortgage-Free

28.1%-26% vs US avg

$133,000

Home Value

$839

Rent

1938

Year Built

2016

Moved In

Residents have lived here since ~2016 on average

Housing Structure

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

1-unit detached35.2%
1-unit attached1.6%
2-9 units43.8%
10+ units19.3%
Mobile home & other0.0%

ZIP 55816 — Housing & Real Estate

Housing & Real Estate in ZIP Code 55816

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