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Boyd city, MN

ZIP 56218 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 56218

Median Home Value
$103,600
Median Rent
$375
Affordability Snapshot
$28,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$665/mo PITI).

6%
Rent-to-Income Ratio

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

1.3x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

23.0 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 56218 in Boyd city, MN, a household would need roughly $28,000 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 $665. That sits below the local median household income ($81,563), 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 17% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
96.7%+48% vs US avg
x
Vacancy Rate
17.4%+69% vs US avg
x
Broadband Access
84.0%-3% vs US avg
x
4+ Bedrooms
10.5%-29% vs US avg
x
Built Pre-1939
13.6%+6% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
14.3%-71% vs US avg
x
Mortgage-Free
61.6%+61% vs US avg
x
$103,600
Home Value
$375
Rent
1938
Year Built
2001
Moved In

Residents have lived here since ~2001 on average

Housing Structure

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

  • 1-unit detached95.3%
  • 1-unit attached0.0%
  • 2-9 units1.6%
  • 10+ units0.0%
  • Mobile home & other3.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$103,600
Median rent$375
Owner-occupied96.7%
Vacant17.4%
Price-to-income1.3x
Est. income to buy$28,000