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Lake Wilson city, MN

ZIP 56151 — 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 56151

Median Home Value
$155,400
Median Rent
$513
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).

8%
Rent-to-Income Ratio

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

2.0x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

25.2 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 56151 in Lake Wilson 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 ($78,571), 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 10% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
94.0%+44% vs US avg
x
Vacancy Rate
10.2%-1% vs US avg
x
Broadband Access
81.9%-6% vs US avg
x
4+ Bedrooms
11.4%-23% vs US avg
x
Built Pre-1939
10.5%-18% vs US avg
x
Built Post-2014
0.6%-91% vs US avg
x
Rent Burden >30%
11.1%-78% vs US avg
x
Mortgage-Free
62.1%+63% vs US avg
x
$155,400
Home Value
$513
Rent
1950
Year Built
2003
Moved In

Residents have lived here since ~2003 on average

Housing Structure

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

  • 1-unit detached96.4%
  • 1-unit attached1.2%
  • 2-9 units0.0%
  • 10+ units0.0%
  • Mobile home & other2.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$155,400
Median rent$513
Owner-occupied94.0%
Vacant10.2%
Price-to-income2.0x
Est. income to buy$43,000