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Clarissa city, MN

ZIP 56440 — Housing & Real Estate

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

Working ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 56440

Median Home Value
$130,100
Median Rent
$560
Affordability Snapshot
$36,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$836/mo PITI).

13%
Rent-to-Income Ratio

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

2.4x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

19.4 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 56440 in Clarissa city, MN, a household would need roughly $36,000 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 $836. That sits below the local median household income ($53,250), 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

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
79.6%+22% vs US avg
x
Vacancy Rate
7.7%-25% vs US avg
x
Broadband Access
74.4%-14% vs US avg
x
4+ Bedrooms
9.2%-38% vs US avg
x
Built Pre-1939
7.5%-41% vs US avg
x
Built Post-2014
0.3%-95% vs US avg
x
Rent Burden >30%
10.0%-80% vs US avg
x
Mortgage-Free
56.7%+49% vs US avg
x
$130,100
Home Value
$560
Rent
1962
Year Built
2009
Moved In

Residents have lived here since ~2009 on average

Housing Structure

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

  • 1-unit detached84.3%
  • 1-unit attached0.5%
  • 2-9 units3.8%
  • 10+ units4.4%
  • Mobile home & other7.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$130,100
Median rent$560
Owner-occupied79.6%
Vacant7.7%
Price-to-income2.4x
Est. income to buy$36,000