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Spicer city, MN

ZIP 56288 — Housing & Real Estate

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

Upper Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 56288

Median Home Value
$380,000
Median Rent
$693
Affordability Snapshot
$105,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,441/mo PITI).

8%
Rent-to-Income Ratio

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

3.6x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

45.7 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 56288 in Spicer city, MN, a household would need roughly $105,000 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 $2,441. That is roughly in line with the local median household income ($105,000). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 27% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
86.8%+33% vs US avg
x
Vacancy Rate
27.4%+166% vs US avg
x
Broadband Access
90.1%+4% vs US avg
x
4+ Bedrooms
6.9%-53% vs US avg
x
Built Pre-1939
3.6%-72% vs US avg
x
Built Post-2014
0.4%-94% vs US avg
x
Rent Burden >30%
16.2%-67% vs US avg
x
Mortgage-Free
42.2%+11% vs US avg
x
$380,000
Home Value
$693
Rent
1986
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 detached83.1%
  • 1-unit attached6.0%
  • 2-9 units2.8%
  • 10+ units3.6%
  • Mobile home & other4.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$380,000
Median rent$693
Owner-occupied86.8%
Vacant27.4%
Price-to-income3.6x
Est. income to buy$105,000