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Lake Benton city, MN

ZIP 56149 — 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 56149

Median Home Value
$150,800
Median Rent
$534
Affordability Snapshot
$42,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$969/mo PITI).

10%
Rent-to-Income Ratio

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

2.5x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

23.5 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 56149 in Lake Benton city, MN, a household would need roughly $42,000 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 $969. That sits below the local median household income ($61,389), 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 26% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
80.2%+23% vs US avg
x
Vacancy Rate
25.9%+151% vs US avg
x
Broadband Access
90.1%+4% vs US avg
x
4+ Bedrooms
5.0%-66% vs US avg
x
Built Pre-1939
3.3%-74% vs US avg
x
Built Post-2014
1.2%-82% vs US avg
x
Rent Burden >30%
17.6%-65% vs US avg
x
Mortgage-Free
53.0%+39% vs US avg
x
$150,800
Home Value
$534
Rent
1971
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

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

  • 1-unit detached90.2%
  • 1-unit attached0.3%
  • 2-9 units3.0%
  • 10+ units5.6%
  • Mobile home & other1.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$150,800
Median rent$534
Owner-occupied80.2%
Vacant25.9%
Price-to-income2.5x
Est. income to buy$42,000