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Burtrum city, MN

ZIP 56318 — 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 56318

Median Home Value
$251,500
Median Rent
$633
Affordability Snapshot
$69,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,616/mo PITI).

10%
Rent-to-Income Ratio

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

3.2x
Home Price-to-Income Ratio

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

33.1 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 56318 in Burtrum city, MN, a household would need roughly $69,000 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 $1,616. That sits below the local median household income ($77,875), 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 39% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
87.9%+34% vs US avg
x
Vacancy Rate
39.1%+279% vs US avg
x
Broadband Access
81.8%-6% vs US avg
x
4+ Bedrooms
10.1%-32% vs US avg
x
Built Pre-1939
3.3%-74% vs US avg
x
Built Post-2014
0.4%-94% vs US avg
x
Rent Burden >30%
5.2%-90% vs US avg
x
Mortgage-Free
40.6%+6% vs US avg
x
$251,500
Home Value
$633
Rent
1979
Year Built
2007
Moved In

Residents have lived here since ~2007 on average

Housing Structure

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

  • 1-unit detached88.7%
  • 1-unit attached0.0%
  • 2-9 units0.1%
  • 10+ units0.0%
  • Mobile home & other11.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$251,500
Median rent$633
Owner-occupied87.9%
Vacant39.1%
Price-to-income3.2x
Est. income to buy$69,000