US5.com
  1. Home
  2. States
  3. Minnesota
  4. ZIP 56339
  5. Housing & Real Estate
Hoffman city, MN

ZIP 56339 — Housing & Real Estate

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

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 56339

Median Home Value
$195,400
Median Rent
$517
Affordability Snapshot
$54,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,255/mo PITI).

11%
Rent-to-Income Ratio

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

3.4x
Home Price-to-Income Ratio

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

31.5 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 56339 in Hoffman city, MN, a household would need roughly $54,000 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 $1,255. That is roughly in line with the local median household income ($57,143). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 24% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
71.3%+9% vs US avg
x
Vacancy Rate
23.7%+130% vs US avg
x
Broadband Access
84.6%-3% vs US avg
x
4+ Bedrooms
2.6%-83% vs US avg
x
Built Pre-1939
8.8%-31% vs US avg
x
Built Post-2014
2.8%-60% vs US avg
x
Rent Burden >30%
27.6%-45% vs US avg
x
Mortgage-Free
40.0%+5% vs US avg
x
$195,400
Home Value
$517
Rent
1973
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 detached83.2%
  • 1-unit attached5.0%
  • 2-9 units3.1%
  • 10+ units5.7%
  • Mobile home & other2.9%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$195,400
Median rent$517
Owner-occupied71.3%
Vacant23.7%
Price-to-income3.4x
Est. income to buy$54,000