US5.com
  1. Home
  2. States
  3. Minnesota
  4. ZIP 56120
  5. Housing & Real Estate
Butterfield city, MN

ZIP 56120 — 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 56120

Median Home Value
$117,400
Median Rent
$540
Affordability Snapshot
$32,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$754/mo PITI).

9%
Rent-to-Income Ratio

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

1.6x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

18.1 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 56120 in Butterfield city, MN, a household would need roughly $32,000 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 $754. That sits below the local median household income ($72,708), 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
87.1%+33% vs US avg
x
Vacancy Rate
11.0%+7% vs US avg
x
Broadband Access
72.6%-17% vs US avg
x
4+ Bedrooms
4.0%-73% vs US avg
x
Built Pre-1939
8.0%-38% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
10.2%-79% vs US avg
x
Mortgage-Free
62.1%+63% vs US avg
x
$117,400
Home Value
$540
Rent
1961
Year Built
1999
Moved In

Residents have lived here since ~1999 on average

Housing Structure

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

  • 1-unit detached85.0%
  • 1-unit attached0.2%
  • 2-9 units1.6%
  • 10+ units0.0%
  • Mobile home & other13.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$117,400
Median rent$540
Owner-occupied87.1%
Vacant11.0%
Price-to-income1.6x
Est. income to buy$32,000