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Alexandria city, MN

ZIP 56308 — 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 56308

Median Home Value
$307,600
Median Rent
$798
Affordability Snapshot
$85,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,976/mo PITI).

12%
Rent-to-Income Ratio

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

4.0x
Home Price-to-Income Ratio

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

32.1 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 56308 in Alexandria city, MN, a household would need roughly $85,000 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 $1,976. That is roughly in line with the local median household income ($76,831). 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
72.6%+11% vs US avg
x
Vacancy Rate
17.0%+65% vs US avg
x
Broadband Access
88.0%+1% vs US avg
x
4+ Bedrooms
11.8%-20% vs US avg
x
Built Pre-1939
4.0%-69% vs US avg
x
Built Post-2014
1.4%-80% vs US avg
x
Rent Burden >30%
17.8%-64% vs US avg
x
Mortgage-Free
36.0%-6% vs US avg
x
$307,600
Home Value
$798
Rent
1988
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

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

  • 1-unit detached72.0%
  • 1-unit attached4.1%
  • 2-9 units3.4%
  • 10+ units17.0%
  • Mobile home & other3.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$307,600
Median rent$798
Owner-occupied72.6%
Vacant17.0%
Price-to-income4.0x
Est. income to buy$85,000