US5.com
  1. Home
  2. States
  3. Minnesota
  4. ZIP 56373
  5. Housing & Real Estate
Royalton city, MN

ZIP 56373 — 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 56373

Median Home Value
$266,700
Median Rent
$716
Affordability Snapshot
$73,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,713/mo PITI).

9%
Rent-to-Income Ratio

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

2.9x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

31.0 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 56373 in Royalton city, MN, a household would need roughly $73,000 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 $1,713. That sits below the local median household income ($91,544), 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

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
82.0%+25% vs US avg
x
Vacancy Rate
4.0%-61% vs US avg
x
Broadband Access
88.4%+2% vs US avg
x
4+ Bedrooms
7.9%-47% vs US avg
x
Built Pre-1939
0.6%-95% vs US avg
x
Built Post-2014
0.6%-91% vs US avg
x
Rent Burden >30%
10.6%-79% vs US avg
x
Mortgage-Free
40.5%+6% vs US avg
x
$266,700
Home Value
$716
Rent
1992
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 detached82.9%
  • 1-unit attached5.0%
  • 2-9 units3.5%
  • 10+ units4.9%
  • Mobile home & other3.7%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$266,700
Median rent$716
Owner-occupied82.0%
Vacant4.0%
Price-to-income2.9x
Est. income to buy$73,000