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Hollandale city, MN

ZIP 56045 — 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 56045

Median Home Value
$155,400
Median Rent
$525
Affordability Snapshot
$43,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$998/mo PITI).

9%
Rent-to-Income Ratio

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

2.2x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

24.7 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 56045 in Hollandale city, MN, a household would need roughly $43,000 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 $998. That sits below the local median household income ($70,714), 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
92.9%+42% vs US avg
x
Vacancy Rate
8.2%-20% vs US avg
x
Broadband Access
90.3%+4% vs US avg
x
4+ Bedrooms
2.3%-84% vs US avg
x
Built Pre-1939
10.3%-20% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
32.1%-35% vs US avg
x
Mortgage-Free
41.8%+9% vs US avg
x
$155,400
Home Value
$525
Rent
1945
Year Built
2008
Moved In

Residents have lived here since ~2008 on average

Housing Structure

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

  • 1-unit detached95.1%
  • 1-unit attached1.2%
  • 2-9 units0.0%
  • 10+ units2.8%
  • Mobile home & other0.9%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$155,400
Median rent$525
Owner-occupied92.9%
Vacant8.2%
Price-to-income2.2x
Est. income to buy$43,000