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Wabasha city, MN

ZIP 55981 — 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 55981

Median Home Value
$234,300
Median Rent
$608
Affordability Snapshot
$64,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,505/mo PITI).

11%
Rent-to-Income Ratio

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

3.4x
Home Price-to-Income Ratio

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

32.1 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 55981 in Wabasha city, MN, a household would need roughly $64,000 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 $1,505. That is roughly in line with the local median household income ($69,195). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 19% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
78.1%+19% vs US avg
x
Vacancy Rate
18.5%+80% vs US avg
x
Broadband Access
84.6%-3% vs US avg
x
4+ Bedrooms
1.9%-87% vs US avg
x
Built Pre-1939
4.0%-69% vs US avg
x
Built Post-2014
1.9%-72% vs US avg
x
Rent Burden >30%
14.1%-72% vs US avg
x
Mortgage-Free
47.5%+24% vs US avg
x
$234,300
Home Value
$608
Rent
1975
Year Built
2011
Moved In

Residents have lived here since ~2011 on average

Housing Structure

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

  • 1-unit detached76.5%
  • 1-unit attached5.1%
  • 2-9 units8.2%
  • 10+ units7.1%
  • Mobile home & other3.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$234,300
Median rent$608
Owner-occupied78.1%
Vacant18.5%
Price-to-income3.4x
Est. income to buy$64,000