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Osakis city, MN

ZIP 56360 — 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 56360

Median Home Value
$233,000
Median Rent
$551
Affordability Snapshot
$64,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,497/mo PITI).

10%
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.

35.2 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 56360 in Osakis city, MN, a household would need roughly $64,000 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 $1,497. That is roughly in line with the local median household income ($65,395). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 36% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
79.0%+21% vs US avg
x
Vacancy Rate
36.2%+251% vs US avg
x
Broadband Access
80.7%-7% vs US avg
x
4+ Bedrooms
6.2%-58% vs US avg
x
Built Pre-1939
4.3%-67% vs US avg
x
Built Post-2014
1.4%-80% vs US avg
x
Rent Burden >30%
8.6%-83% vs US avg
x
Mortgage-Free
52.0%+36% vs US avg
x
$233,000
Home Value
$551
Rent
1978
Year Built
2010
Moved In

Residents have lived here since ~2010 on average

Housing Structure

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

  • 1-unit detached79.5%
  • 1-unit attached0.1%
  • 2-9 units3.1%
  • 10+ units5.4%
  • Mobile home & other11.9%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$233,000
Median rent$551
Owner-occupied79.0%
Vacant36.2%
Price-to-income3.6x
Est. income to buy$64,000