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Mountain Lake city, MN

ZIP 56159 — 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 56159

Median Home Value
$135,200
Median Rent
$556
Affordability Snapshot
$37,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$868/mo PITI).

10%
Rent-to-Income Ratio

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

2.1x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

20.3 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 56159 in Mountain Lake city, MN, a household would need roughly $37,000 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 $868. That sits below the local median household income ($65,089), 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
76.6%+17% vs US avg
x
Vacancy Rate
9.3%-10% vs US avg
x
Broadband Access
82.3%-5% vs US avg
x
4+ Bedrooms
7.0%-53% vs US avg
x
Built Pre-1939
5.1%-60% vs US avg
x
Built Post-2014
0.1%-99% vs US avg
x
Rent Burden >30%
18.4%-63% vs US avg
x
Mortgage-Free
49.5%+29% vs US avg
x
$135,200
Home Value
$556
Rent
1963
Year Built
2011
Moved In

Residents have lived here since ~2011 on average

Housing Structure

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

  • 1-unit detached86.5%
  • 1-unit attached1.0%
  • 2-9 units4.3%
  • 10+ units8.0%
  • Mobile home & other0.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$135,200
Median rent$556
Owner-occupied76.6%
Vacant9.3%
Price-to-income2.1x
Est. income to buy$37,000