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Delavan city, MN

ZIP 56023 — 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 56023

Median Home Value
$132,800
Median Rent
$375
Affordability Snapshot
$37,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$853/mo PITI).

6%
Rent-to-Income Ratio

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

1.7x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

29.5 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 56023 in Delavan city, MN, 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 $853. That sits below the local median household income ($77,361), 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

Vacancy rate 11% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
88.7%+36% vs US avg
x
Vacancy Rate
10.9%+6% vs US avg
x
Broadband Access
89.7%+3% vs US avg
x
4+ Bedrooms
9.2%-38% vs US avg
x
Built Pre-1939
8.4%-35% vs US avg
x
Built Post-2014
0.4%-94% vs US avg
x
Rent Burden >30%
16.7%-66% vs US avg
x
Mortgage-Free
51.9%+36% vs US avg
x
$132,800
Home Value
$375
Rent
1947
Year Built
2006
Moved In

Residents have lived here since ~2006 on average

Housing Structure

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

  • 1-unit detached97.5%
  • 1-unit attached0.0%
  • 2-9 units1.7%
  • 10+ units0.0%
  • Mobile home & other0.8%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$132,800
Median rent$375
Owner-occupied88.7%
Vacant10.9%
Price-to-income1.7x
Est. income to buy$37,000