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Heron Lake city, MN

ZIP 56137 — 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 56137

Median Home Value
$114,400
Median Rent
$518
Affordability Snapshot
$31,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$735/mo PITI).

9%
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.

18.4 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 56137 in Heron Lake city, MN, a household would need roughly $31,000 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 $735. That sits below the local median household income ($68,500), 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
84.0%+29% vs US avg
x
Vacancy Rate
9.9%-4% vs US avg
x
Broadband Access
87.3%+0% vs US avg
x
4+ Bedrooms
6.2%-58% vs US avg
x
Built Pre-1939
9.3%-27% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
12.2%-76% vs US avg
x
Mortgage-Free
57.2%+50% vs US avg
x
$114,400
Home Value
$518
Rent
1949
Year Built
2005
Moved In

Residents have lived here since ~2005 on average

Housing Structure

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

  • 1-unit detached93.4%
  • 1-unit attached0.0%
  • 2-9 units0.0%
  • 10+ units1.6%
  • Mobile home & other5.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$114,400
Median rent$518
Owner-occupied84.0%
Vacant9.9%
Price-to-income1.7x
Est. income to buy$31,000