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Wanamingo city, MN

ZIP 55983 — 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 55983

Median Home Value
$277,500
Median Rent
$608
Affordability Snapshot
$76,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,783/mo PITI).

9%
Rent-to-Income Ratio

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

3.2x
Home Price-to-Income Ratio

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

38.0 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 55983 in Wanamingo city, MN, a household would need roughly $76,000 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 $1,783. That sits below the local median household income ($85,625), 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
78.7%+20% vs US avg
x
Vacancy Rate
6.9%-33% vs US avg
x
Broadband Access
88.9%+2% vs US avg
x
4+ Bedrooms
4.6%-69% vs US avg
x
Built Pre-1939
2.1%-83% vs US avg
x
Built Post-2014
1.3%-81% vs US avg
x
Rent Burden >30%
8.7%-83% vs US avg
x
Mortgage-Free
33.4%-13% vs US avg
x
$277,500
Home Value
$608
Rent
1978
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

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

  • 1-unit detached70.8%
  • 1-unit attached5.4%
  • 2-9 units16.3%
  • 10+ units2.1%
  • Mobile home & other5.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$277,500
Median rent$608
Owner-occupied78.7%
Vacant6.9%
Price-to-income3.2x
Est. income to buy$76,000