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Cosmos city, MN

ZIP 56228 — 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 56228

Median Home Value
$120,000
Median Rent
$583
Affordability Snapshot
$33,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$771/mo PITI).

11%
Rent-to-Income Ratio

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

1.8x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

17.2 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 56228 in Cosmos city, MN, a household would need roughly $33,000 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 $771. That sits below the local median household income ($65,139), 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

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
86.2%+32% vs US avg
x
Vacancy Rate
3.5%-66% vs US avg
x
Broadband Access
88.5%+2% vs US avg
x
4+ Bedrooms
3.8%-74% vs US avg
x
Built Pre-1939
7.1%-44% vs US avg
x
Built Post-2014
0.5%-93% vs US avg
x
Rent Burden >30%
10.7%-78% vs US avg
x
Mortgage-Free
52.4%+37% vs US avg
x
$120,000
Home Value
$583
Rent
1959
Year Built
2009
Moved In

Residents have lived here since ~2009 on average

Housing Structure

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

  • 1-unit detached86.5%
  • 1-unit attached0.2%
  • 2-9 units5.7%
  • 10+ units3.3%
  • Mobile home & other4.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$120,000
Median rent$583
Owner-occupied86.2%
Vacant3.5%
Price-to-income1.8x
Est. income to buy$33,000