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Morris city, MN

ZIP 56267 — 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 56267

Median Home Value
$201,900
Median Rent
$751
Affordability Snapshot
$56,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,297/mo PITI).

13%
Rent-to-Income Ratio

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

2.9x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

22.4 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 56267 in Morris city, MN, a household would need roughly $56,000 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 $1,297. That sits below the local median household income ($70,000), 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

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
59.4%-9% vs US avg
x
Vacancy Rate
7.2%-30% vs US avg
x
Broadband Access
89.1%+2% vs US avg
x
4+ Bedrooms
8.9%-40% vs US avg
x
Built Pre-1939
6.5%-49% vs US avg
x
Built Post-2014
0.6%-91% vs US avg
x
Rent Burden >30%
14.6%-71% vs US avg
x
Mortgage-Free
45.8%+20% vs US avg
x
$201,900
Home Value
$751
Rent
1972
Year Built
2015
Moved In

Residents have lived here since ~2015 on average

Housing Structure

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

  • 1-unit detached73.2%
  • 1-unit attached1.9%
  • 2-9 units6.3%
  • 10+ units16.6%
  • Mobile home & other2.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$201,900
Median rent$751
Owner-occupied59.4%
Vacant7.2%
Price-to-income2.9x
Est. income to buy$56,000