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Little Falls city, MN

ZIP 56345 — 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 56345

Median Home Value
$227,800
Median Rent
$672
Affordability Snapshot
$63,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,463/mo PITI).

14%
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.

28.2 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 56345 in Little Falls city, MN, a household would need roughly $63,000 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 $1,463. That is roughly in line with the local median household income ($57,399). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
76.3%+17% vs US avg
x
Vacancy Rate
5.6%-45% vs US avg
x
Broadband Access
84.6%-3% vs US avg
x
4+ Bedrooms
5.3%-64% vs US avg
x
Built Pre-1939
6.1%-53% vs US avg
x
Built Post-2014
0.2%-97% vs US avg
x
Rent Burden >30%
9.6%-81% vs US avg
x
Mortgage-Free
41.0%+7% vs US avg
x
$227,800
Home Value
$672
Rent
1974
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 detached79.1%
  • 1-unit attached4.1%
  • 2-9 units7.6%
  • 10+ units5.9%
  • Mobile home & other3.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$227,800
Median rent$672
Owner-occupied76.3%
Vacant5.6%
Price-to-income4.0x
Est. income to buy$63,000